WM, Priority and PBG Compliance Manager | Abu Dhabi, UAE

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

Job summary

ADIB is seeking a WM, Priority & Private Banking Compliance Manager to ensure a mature compliance culture within its Retail Banking division. Responsible for overseeing financial crime compliance, regulatory advisory, and maintaining relations with regulatory bodies, the manager will play a critical role in delivering compliance risk management across various banking initiatives.

Qualifications

• Minimum 8 years in compliance roles within banking, with at least 3 years in wealth management.
• Deep knowledge of SCA and CBUAE regulations for WM.

Responsibilities

• Oversee embedding of FCC policies including KYC/CDD, AML, CFT.
• Provide guidance on SCA and other relevant regulations.

Skills

Stakeholder Management

Communication

Analytical Skills

Problem-Solving

Education

Bachelor's degree in Finance

Training in Islamic Banking

Tools

Regulatory Authorities Management

Managed Services

Job description

WM, Priority and PBG Compliance Manager

ADIB - Abu Dhabi Islamic Bank Abu Dhabi, United Arab Emirates

Job Description

Role: XX
Location: XX

Role Purpose:

The Wealth Management, Priority & Private Banking Compliance Manager is responsible for supporting ADIB's Retail Banking Priority Banking, Wealth Management Business (WM), and Private Banking (PB) on compliance risk management. This role involves providing FCC and Regulatory Compliance guidance. The WM, Priority & PB Compliance Manager reports directly to the Head of Business Compliance in Group Compliance with dotted/matrix reporting lines to the Business (Global Head of Retail Banking or delegate). This role is critical to ensure a mature compliance culture is maintained to enable effective risk management across all initiatives, product design, operational processes, and customer interactions. The Compliance Manager will monitor adherence to regulatory requirements, internal policies, and risk appetite. The position also serves as a Subject Matter Expert on Wealth Management, Conduct, Consumer Protection, and FCC matters, actively participating in governance forums such as the Business Risk and Control Committee and WM Product Committee.

Key Accountabilities

1. Financial Crime Compliance Guidance & Oversight: Oversee embedding of FCC policies including KYC/CDD, AML, CFT, Sanctions, and ongoing due diligence across the customer lifecycle, aligned with the Bank's Three Lines of Defense model.
2. Regulatory Advisory & Market Conduct: Provide guidance on SCA and other relevant regulations, acting as the primary contact for regulatory matters related to WM. Keep the business informed of regulatory changes and ensure compliance.
3. Surveillance: Conduct periodic reviews to identify compliance gaps and risks, including conflicts of interest.
4. Policies, Products, and Initiatives: Review new investment products and agreements from a compliance perspective, assess regulatory requirements, and support product launches and policy updates.
5. Regulatory Engagements: Interact with regulators such as SCA and CBUAE, assist during examinations, and manage licensing and approval processes.
6. Remediation Guidance: Advise on remediation plans for regulatory and audit issues.
7. Compliance Incident Management: Support investigations, remediation, and reporting of compliance incidents, integrating lessons learned.
8. Training and Awareness: Contribute to ongoing compliance training tailored to WM units.
9. Reporting: Develop and support compliance reporting mechanisms for WM.
10. Escalations: Keep the Head of Business Compliance informed of critical issues and escalations.
11. Shari'ah Compliance: Maintain relationships with the Group Internal Shari'ah Control Department as needed.
12. Other: Perform additional tasks as assigned by the Head of Business Compliance.

Qualifications & Experience

• Minimum 8 years in compliance roles within banking, with at least 3 years in wealth management.
• Bachelor's degree in finance, law, business administration, or related field.
• Training in Islamic banking, FCC, and UAE regulations.
• Deep knowledge of SCA and CBUAE regulations for WM.
• Familiarity with Islamic Banking products.
• Strong stakeholder management, communication, and challenge skills.
• Ability to work cooperatively with regulators and challenge the First Line of Defense.
• Analytical, problem-solving, and presentation skills.

Technical Skills & Responsibility Areas

• Regulatory Authorities (CBUAE, SCA)
• Managed Services
• Group Credit Management
• Marketing
• Correspondent Banking
• Financial Market Infrastructure providers (e.g., Euroclear, Allfunds)

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