Head of Compliance & MLRO - ADGM - FAB Asset Management

First Abu Dhabi Bank; Abu Dhabi; On-site; AED 120,000 - 200,000; Full time

Job summary

A leading bank in the UAE is seeking an AML Compliance Officer to ensure adherence to AML regulations and maintain the integrity of the bank's operations. The role involves overseeing compliance frameworks, developing training, and ensuring effective risk management practices are in place. Ideal candidates will possess strong AML knowledge, relevant certifications, and excellent communication skills to navigate complex regulatory environments.

Qualifications

• Strong knowledge of AML and CFT laws and regulations.
• Good understanding of AML risks, including high-risk geographies.
• Proven ability to develop and implement AML policies.

Responsibilities

• Oversee AML and CTF frameworks to protect the bank's reputation.
• Conduct quality testing, identify deficiencies, and enhance reporting.
• Manage compliance systems and fulfill regulatory reporting requirements.

Skills

AML knowledge

Risk management

Verbal communication

Written communication

Education

Certification from a recognized regulatory body

Job description

JOB PURPOSE:

Review and ensure that anti-money laundering (AML) policies, procedures, and controls cover all applicable laws and regulations, with a particular focus on ADGM regulatory scope and FRSA. Review account opening documentation and client onboarding due diligence checks in accordance with KYC procedures and requirements. Update the AML manual according to the AML module and internal rules. Design and deliver training for business and functional teams. Ensure sufficient review of applicable audit findings and the evaluation of the business's corrective action plans.

KEY ACCOUNTABILITIES:

• Oversee AML and counter-terrorist financing (CTF) frameworks to protect FAB Asset Management's reputation and integrity.
• Ensure fulfillment of regulatory compliance requirements.
• Conduct quality testing, identify process deficiencies, enhance reporting, and recommend corrective actions to meet regulatory and audit requirements.
• Review and collaborate with internal partners to respond appropriately to escalated matters.
• Monitor and disseminate AML/compliance regulations and policy changes.
• Manage a direct reporting line to the board and an administrative reporting line to the CEO.
• Fulfill regulatory reporting requirements.
• Maintain compliance systems (e.g., customer screening, transaction screening, AML monitoring).
• Develop and update AML policies, procedures, and controls.
• Perform risk appraisals and reviews.
• Provide AML training.

Qualifications:

• Strong knowledge of AML and counter-terrorist financing (CFT) laws, regulations, compliance frameworks, and risk management practices, with a certification from a recognized regulatory body.
• Robust understanding of legal and regulatory compliance.
• Clear and concise written and verbal communication skills.
• Good understanding of AML risks, including higher-risk geographies, industries, and products.
• Proven ability to develop and implement AML and compliance policies, procedures, and internal controls.

Remote Work: No

Employment Type: Full-time