Compliance Governance & Monitoring Manager

ADIB Group; Abu Dhabi; On-site; AED 250,000 - 450,000; Full time

Job summary

ADIB Group in Abu Dhabi is seeking a Compliance Governance and Monitoring Manager to oversee the development and dissemination of the Group Compliance program, support the BORM for GCD, and coordinate CMAT activities across UAE and IBG locations.

The role requires strong stakeholder management, excellent MIS reporting skills with MS Excel and PowerPoint, and the ability to lead cross-border governance initiatives within the Group.

Qualifications

• Bachelor's degree in business studies, law, accounting, economics or commerce or training in risk management.
• Minimum of 8–10 years banking experience with 5 years in Compliance or Control function.
• Strong understanding of Compliance Risks and Controls with experience in Regulatory and Financial Crime Compliance.
• Good exposure to MIS reporting, data analysis, MS Excel, MS PowerPoint, and pivot tables.
• Fluent in English; reading Arabic is an added advantage.

Responsibilities

• Maintain custody of the Group Compliance policies and procedures and oversee their dissemination.
• Support in approvals for dispensations and deferrals from Business units and support functions.
• Maintain up-to-date compliance risks library and organize BRCC meetings.
• Lead MIS strategy and develop reporting templates, processes, and management information systems.
• Prepare trend analyses and dashboards for the Global Head of CGA.

Skills

Communication skills

Stakeholder management

Fluent English

Self-starter

Analytical mind

Education

Bachelor's degree in business studies, law, accounting, economics or commerce

Minimum training in risk management

Tools

MS Excel

MS PowerPoint

Pivot tables

Job description

Description

Role : Compliance Governance and Monitoring Manager

Location : Abu Dhabi

Role Purpose

The jobholder will support the Compliance Governance & Assurance (CGA) department to achieve its objectives in providing effective oversight over the development and dissemination of the Group Compliance program. This will include support in tracking policies and procedures training strategy resource management Ml and reporting vendor management budget coordination information security and Business Continuity liaison.

This role also will support the Primary Business Operational Risk Management (BORM) for GCD by acting as the secondary BORM which includes issues management incident reporting compliance risks library KRIs in GRC system and Risk & Control Self-Assessment (RCSA) controls testing.

The jobholder will also support the Group-wide Compliance Monitoring and Assurance Testing (CMAT) function which applies a risk-based approach to monitor and test the First Line of Defense activities related to compliance risks.

CGA unit provides a shared service to the other units within GCD specifically the Financial Crime Compliance (FCC) Regulatory Affairs Unit (RAU) International Branches Compliance (IBG Compliance) and the offshore Compliance Operations Center (COC).

Key Accountabilities of the role

• Strategic Contribution

  Ensure effective implementation of the Groups Compliance strategy within the teams remit.

• Compliance Governance
  • Maintain custody of the Group Compliance policies and procedures and oversee their dissemination.
  • Provide support in obtaining relevant approvals for dispensations and deferrals request received from Business units and support functions.
  • Maintain the up-to-date compliance risks library.
  • Support in organising regular GCD Business Risk & Compliance Committee (BRCC) meetings.
  • Take supporting notes and meeting minutes and provide updates on GCD actions arising out of governing forum meetings.
  • Coordinate with various GCD unit heads and collate relevant compliance MI/dashboards on a timely basis for submission to various Management and Board Committees such as Business Risk & Compliance Committee (BRCC) Controls & Compliance Committee (CCC) Board Governance & Risk Policy Committee (GRPC) and Board Audit Committee (BAC).
• MI & Administration
  • Respond to queries from the audit team and implement recommendations for the CGA unit.
  • Lead Group Compliance (including branches subsidiaries and international locations) MIS strategy including (but not limited to) the reporting framework which entails developing and maintaining leading compliance reporting standards templates processes and management information systems.
  • Review processes to identify opportunities to streamline and further automate the preparation of MI reports where possible.
  • Coordinate with Compliance colleagues to validate the information provided and maintain documentary evidence and emails to support the data presented in the compliance reports and dashboards.
  • Prepare trend analyses and dashboards to support the Global Head of CGA in identifying root causes of compliance issues.
  • Monitor compliance KRIs liaise with compliance Colleagues across the Group to track actions and report the closure of findings raised by internal/external auditors and regulators.
  • Act as a central point of contact for reporting of self-identified compliance incidents/issues/breaches across the Group.
  • Report and log compliance specific breaches/issues in the GRC system.
• Budget Tracking and Vendor Management
  • Prepare Forecast for Annual and Midyear Budget
  • Consolidate the GCDs budget in consultation with the Compliance unit heads and monitor adherence to the approved budget.
  • Track deviations in actual spend versus forecast through obtaining monthly expense summary from Finance
• Secondary Business Operational Risk Manager (BORM)
  • Perform the responsibilities of Secondary BORM to safeguard ADIBs reputation from Regulatory Compliance Risk by ensuring Compliance across First Line and Second Line of Defense through Key Risk Indicators Issue Management Risk and Control Self-Assessment and perform quarterly control testing and submit results in GRC system.
• Compliance Monitoring & Assurance Testing (CMAT)
  • Support the risk based CMAT planning process for both UAE and IBG which is overseen by the Head of CGA. This will include starting the annual planning process and the quarterly refresh maintain the trackers up to date and liaise with key stakeholders to manage any change in plan while maintaining an accurate audit trail of all changes with rational and supporting evidence.
  • Support in maintaining and updating the CMAT policies and methodology working papers and templates.
  • Perform Monitoring & Testing activities including leading reviews in UAE and IBG countries (When required).
  • Support the evaluation of the adequacy quality and effectiveness of the name screening and transaction monitoring alerts and case closure.
  • Perform quality assurance on the completed CMAT reviews to ensure the reviews are completed as per CMAT Methodology.
  • Use the quality assurance results to share best practice and to highlight any gaps or training needs.
  • Support the Assurance training /coaching requirements.
  • Provide analysis of relevant CMAT data to help inform business decisions action plans and any required enhancements.
• Information security and Business Continuity liaison
  • Act as the coordinator for Information security and Business Continuity requirements within the GCD.

Specialist Skills / Technical Knowledge Required for this role:

• Bachelors degree in business studies law accounting economics or commerce or specific training in risk management.
• Minimum of 8 10 years banking experience with 5 years in Compliance or Control function.
• Strong understanding of the Compliance Risks and Controls with previous experience in working in Compliance or Control function
• Previous experience in performing Assurance activities in Regulatory and Financial Crime Compliance
• Good exposure toMIS reporting data Analysis MS Excel MS PowerPoint and pivot table.
• Understanding of statistics and business trend analysis
• Strong peer and senior stakeholders communication and management skills
• Good presentation skills
• Ability to perform innovative thinking to solve complex problems with no established precedence while balancing risk speed and accuracy
• Ability to be a self-starter and work independently as well as part of a team
• Analytical mind good communication and self-motivated detail oriented
• Fluent in English (Ability to read and communicate in Arabic Language will be an added advantage)

Previous experience required (if any)

• Minimum of 8 10 years banking experience with 5 years in Compliance or Control function.

Required Experience

Manager