FAB, the UAE's largest bank and one of the world's most secure financial institutions, is dedicated to creating value for its employees, customers, shareholders, and communities. Through innovation, agility, and differentiation, FAB is committed to fostering growth. We are looking for top talent and your success is our success. Accelerate your growth as you help us reach our goals and advance your career. Be ready to make your mark a top company, in an exciting and dynamic industry

JOB PURPOSE:

This role requires an informed and hands-on approach to understanding and managing compliance risks across all FAB international locations, including all branches, subsidiaries and representative offices; staying abreast of rapidly evolving regulatory and Compliance departmental developments in each location; coordinating bank wide compliance initiatives internationally; and building practical and effective compliance frameworks and processes.

The role will support and oversee the Compliance departments in international locations, ensuring that Compliance programs in these locations are transparent and robust, complying with Group Compliance standards, best practices and applicable regulations

KEY ACCOUNTABILITIES:

Job Specific Accountabilities

Support the Head of International Compliance in deploying the bank’s Compliance strategy and program across all countries.

Work with Group Compliance colleagues, and Heads of Regional and Country Compliance to ensure that core elements of the Group Compliance framework are designed in a robust, efficient and fit-for-purpose manner, leading to clearer information for Senior Management, better insights into regulatory risk management, and reduced duplication and unnecessary ‘noise’. Core elements include:

• Reporting, Assurance and Issues Management:
• Coordinate reporting and management information processes to enhance, filter and de-duplicate reporting output, capturing themes, trends, emerging risks, as well as details of open risks and issues.
• Synthesise and standardise the reporting of risks and issues to enable consistent and enhanced information for Senior Management, Boards and regulators.
  • Escalate emerging risks relating to the inability to close issues in a timely fashion
• Coordinate the planning and execution of fit-for-purpose compliance assurance programs to identify, prevent, detect and correct non-compliance with applicable rules and regulations.
• Monitor progress on Groupwide regulatory and Compliance-related projects across all countries. Periodically report to senior management on project status and any regulatory risks inherent in project objectives and activities.
• Regulatory Change, Assessments, Policies and Training
• Leverage Compliance Risk Assessment and Group Risk and Control Self-Assessment processes to measure and challenge risk assessment outputs. Participate in the Annual Compliance Planning process, ensuring that Annual Compliance Plans are duly reflective of heightened risks and issues.
• Support the appropriate governance and management of policies applicable to countries.
• Simplify regulatory change management processes and reporting of new and changing regulation to support a no-surprise culture across the bank.
• International Compliance Business Management
• Support the Head of International Compliance in running the function as a business, with prudent oversight of budget and financial risks, recruitment and retention processes, and oversight of a complex team of more than 100 staff across 4 continents.
• Coordinate engagements with internal and external audit, ensuring that audits are prepared for according to consistent standards, that accountability for issue ownership (both inside and outside the department) is a non-negotiable principle, and that issues are driven the closure on a timely basis.  Provide advice to issue owners and auditees on best practice with respect to audit engagement and ensuring that risks are appropriately and sustainably mitigated
• Contribute to a no-surprise culture of compliance across all countries, promoting business accountability for regulatory risk management, proactive intervention to manage open and emerging risk, and innovative approaches  to the dynamic resolution of open risk issues
• Engage in initiatives and assignments from the Head of International Compliance and/or the Regional Heads of Compliance.

Minimum Qualification

• Minimum Bachelor’s degree or higher in a relevant discipline (Business; Finance; Law; Economics)

Minimum Experience

• Minimum of 10 years of experience in the banking industry
• Demonstrable understanding of complex financial services regulatory regimes, across a variety of compliance risk themes (market abuse; consumer protection; prudential risk; conflicts of interest; financial crime; regulatory licensing and permissions), preferably in mature overseas markets
• At least 7 years in experience of handling, synthesising and reporting complex information in a manner fit for Senior Management (including C-suite)
• Outstanding written English, with a demonstrated ability to work with complex policy and regulatory documents, delivering clear and concise, business-friendly reports
• A firm understanding of regulatory matters, with proven exposure to global regulations and best practices in compliance standards
• Excellent project management and administrative skills
• Strong interpersonal, people management and facilitation skills with good leadership skills.
• Ability to generate ideas, think creatively, develop innovative solutions and build effective business relationships quickly; demonstrated ability to use new technology and artificial intelligence to build enhanced processes would be advantageous
• Team player, able to meet tight deadlines and manage challenging workload

Focused on driving tasks to completion with pace, whilst retaining a high level of attention to detail and accuracy