Job description

JOB SUMMARY / INTRODUCTION
To execute risk-based compliance monitoring reviews which aim to assess whether controls are effective to ensure the Bank’s Group Compliance policies and regulatory requirements are being adhered to and escalate to the Bank’s senior management events of material non-compliance or insufficiently mitigated risks.

KEY RESPONSIBILITIES

• Perform monitoring reviews within the Group, currently covering various AML/CTF/CPF and Sanctions processes/risks, e.g. alert closure generated from the transaction monitoring, payment and name screening systems, Suspicious Transaction Reporting, Trade Based Money Laundering.

  
  

• Support in the development of the annual Compliance monitoring plan, monitoring schedules and associated working papers.

  
  

• Consult with relevant stakeholders in the UAE and international locations to ensure that the coverage, scope and approach to delivering reviews are planned and targeted effectively.

  
  

• Prepare Compliance Monitoring reports and track business unit remediation activity.

  
  

• Identify issues/gaps and recommend and agree remedial actions to ensure compliance with FCC policies and procedures.

  
  

• Contribute to the preparation of periodic MI to Compliance or other governance committees on status and results of the Compliance Monitoring status.

  
  

• Contribute as a thought-leader to evaluating and refining FAB’s Compliance Monitoring and review methodologies, coordinating with local and global colleagues to determine and implement firm-wide and industry best practices.

  
  

• Upload issues identified on Compliance Issue Management System (CIMS).
  Generic.

  
  

• Support VP & Head of Compliance Monitoring in drafting the annual Compliance Monitoring plan.

  
  

• Support CA team members on any ad hoc tasks as applicable.

  
  

REQUIREMENTS / QUALIFICATIONS

• Bachelor’s Degree or Higher in Management, Banking or Finance, preferably with specialisation in compliance, corporate governance, risk management or internal audit.

  
  

• Minimum of 3 years of experience in a reputed bank or auditing firm.

  
  

• Minimum of 2 years’ experience in Compliance monitoring and testing activities or auditing.

  
  

• Knowledgeable in AML/CTF/CPF and Sanctions.

  
  

• Specialisation in compliance, corporate governance, risk management or internal audit.

  
  

About Us:
First Abu Dhabi Bank (FAB) is the largest bank in the UAE and one of the world's largest and safest financial institutions. We offer a comprehensive range of personal and private banking services, including credit cards, Islamic banking, investments, loans, and mortgages. Our commitment to excellence and innovation drives us to provide top-tier financial solutions to our clients.
Life at FAB:
Working at FAB means being part of a team of talented and passionate individuals with a shared vision to support the ambitions of our stakeholders to "Grow Stronger." We embrace the needs of our customers across the globe with a sense of responsibility and confidence driven by extensive expertise that can only be delivered by an ambitious world-class organization
Career Development:
FAB offers unique career choices, a chance to innovate, craft solutions for the future, and express yourself in a performance-based culture that will unleash the best in you. Whether you are an experienced professional or just starting your career, FAB provides a range of learning and development initiatives to support all employees through training and skill development.
Our Values:
At FAB, we place our customers at the core of our activities, live our values each day in every way, celebrate achievements, and empower each other to deliver leading solutions. We have structured plans for the recruitment and career progression of Emirati talent to enable them to make a mark in the financial and banking sector both regionally and globaly that rewards your hard work and dedication.
Join our team and be part of a journey to shape the future of banking.