Head of Compliance & MLRO - SCA (FAB Asset Management)

First Abu Dhabi Bank; Abu Dhabi; On-site; AED 200,000 - 300,000; Full time

Job summary

A prominent financial institution in Abu Dhabi is seeking a dedicated Compliance Officer to oversee anti-money laundering (AML) and counter-terrorism financing (CTF) frameworks. You will ensure adherence to regulatory requirements, conduct quality testing, and develop necessary policies. The ideal candidate has strong knowledge of AML laws and effective communication skills. This full-time position does not allow for remote work.

Responsibilities

• Oversee AML and CTF frameworks.
• Ensure regulatory compliance requirements are met.
• Conduct quality testing and identify process deficiencies.

Skills

Knowledge of AML laws

Risk management practices

Verbal communication skills

Writing skills

Education

Certification from 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 SCA regulatory scope. Review the 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 fulfilment of the 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 & disseminate AML/compliance regulations and policy changes.
• Manage a direct reporting line to the board and an administrative reporting line to the CEO.
• Regulatory reporting requirements.
• Compliance systems (e.g., customer screening, transaction screening, AML monitoring).
• AML Policies, Procedures and Controls.

Qualifications

• Strong knowledge of AML/counter-terrorist financing (CIF) laws and 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 risk 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