Manager Compliance Assurance

Manager Compliance Assurance

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About the business area, Group Compliance & Governance:

Compliance is an independent function at ADCB which takes an active approach to risk management and monitoring, ensuring the Bank complies with applicable laws, regulations, rules and market standards. The Group creates, implements and monitors policies and procedures designed to prevent or detect financial crime and any compliance breaches of the Bank, its employees and clients. It also monitors and measures the impact of conduct risk and compliance on the Bank’s risk appetite and profile

In this role, your key responsibilities include:

• To execute and embed the Compliance Assurance framework, lead a team of Assurance Specialists in conducting reviews, produce Assurance Reports for Senior Business and Support Function Management, conduct discussions with Department Heads, produce final Assurance Review Reports and conduct follow up assessments, manage Action Trackers for all open observations, assist in ensuring adequate escalation for Overdue Issues and support in maintaining oversight and reporting to ensure the Bank is compliance with all relevant laws and regulations
• Assist in implementation of a Bank wide compliance monitoring and assurance programme to ensure compliance with laws and regulations
• Perform the Assurance Reviews based on the annual plan and identify/report on issues raised through formal assurance review reports, capturing identified weaknesses
• Follow the schedule for planned reviews and based on the findings, identify gaps and recommend corrective actions to ensure the Bank is protected from a regulatory and operational risk perspective
• Assist in internal and external UAE Central Bank (CBUAE) and other regulatory reviews, provide support with audit deliverables, tracking of engagements, monitoring of issues and corrective action plans to ensure issues raised during audit process are addressed and controls
• Manage the process of quarterly internal and regulatory compliance reporting to ensure this is provided within agreed timelines
• Act as the central point of contact for data and information collection, receive data from Branches and subsidiaries, challenge the information sources and consolidate Group reports in order to guarantee the reporting data quality
• Manage self and team in line with ADCB’s people management policies, procedures, processes and practices to ensure adherence and to maximise own and employee contribution to business performance
• Organise and supervise the activities and work of the team to ensure that targets and objectives are achieved and the business plan is delivered in line with the required policies, processes, procedures and systems
• Implement approved departmental policies, processes and procedures, and ensure employee adherence so that work is carried out to the required standard while delivering the required standards of service to customers and stakeholders
• Manage and motivate the team to ensure they contribute to, and participate in, the identification and implementation of change initiatives, programmes and projects in line with the Bank’s standards
• Demonstrate Our Promise and apply the ADCB Service Standards to deliver the Bank’s required levels of service in all internal and external customer interactions

The ideal candidate should have the following experience

• At least 6 years of experience in the Banking or Financial services industry with at least 4 years of experience in an operational risk/compliance environment
• Bachelor’s Degree in relevant specialisation
• Microsoft Office (Word, Excel and PowerPoint)
• Knowledge of CBUAE, Securities and Commodities Authority Regulations, Banking Rules and Regulations
• Knowledge of international Banking best practices
• Only candidates with assistant manager/manager experience will be considered.

What we offer:

• Competitive Salary and all employees are eligible to participate in one of our rewarding variable pay plans.
• Comprehensive Benefits Package: This includes market-leading medical insurance, group life and personal accident insurance, paid leave and leave airfare, employee preferential rates on loans and finance facilities, staff discounts and offers, and children education assistance (for certain job levels).
• Flexible and Remote Working Options: We understand the importance of work-life balance and offer flexible working arrangements, subject to eligibility and job requirements.
• Learning and Development Opportunities: We value and facilitate continuous learning and personal development through a variety of exciting learning opportunities, such as structured instructor-led courses, a comprehensive e-learning catalog, on-the-job training, and professional development programs.