Company Description
Join the UAE’s largest bank and one of the world’s largest and safest financial institutions. Our focus is to create value for our employees, customers, shareholders and communities to grow through differentiation, agility and innovation.
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 Description
Job Purpose:
The primary focus of this role is to ensure compliance with SCA regulations and provide compliance coverage for FAB’s asset management business. The role also includes responsibilities related to anti-money laundering (AML).
Key Accountabilities:
- Perform the role of SCA Accredited Compliance Officer for FAB’s Asset Management business.
- Provide asset management compliance coverage, ensuring that compliance frameworks are effectively implemented and maintained.
- Oversee compliance with SCA regulations to ensure that all activities within FAB Asset Management adhere to the required standards.
- Manage AML and counter-terrorist financing (CTF) frameworks to protect FAB Asset Management’s reputation and integrity.
- Oversee regulatory change management to ensure the business remains compliant with evolving regulations.
- Design and deliver training for business and functional teams.
- Liaise with SCA regulators and ensure timely and accurate submission of all required reports and documentation.
- Provide guidance and support to internal teams on SCA regulatory matters.
- Implement and oversee compliance monitoring programs to ensure adherence to regulatory requirements.
- Support the asset management business in providing compliance assessment and advice in relation to new products.
- Support the fund approval process to ensure compliance with regulatory requirements.
- Collaborate with internal partners to respond appropriately to escalated compliance matters.
- Monitor and disseminate compliance regulations and policy change.
- Manage direct reporting lines to the board and administrative reporting lines to the CEO.
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Qualifications
Qualifications & Experience:
- Fulfil of the requirements to be an SCA Accredited Compliance Officer, including academic qualifications, professional certificates and SCA examinations.
- Strong knowledge of asset management compliance, including relevant laws and regulations.
- Proven ability to develop and implement compliance policies, procedures, and internal controls.
- Prior experience as an MLRO and carrying out MLRO responsibilities. Good understanding of AML risk, including higher-risk geographies, industries, and products.
- Clear and concise written and verbal communication skills.
- In view of regulatory interaction and SCA circulars, proficiency in Arabic is an asset.
