Job Description

THE COMPANY is looking to recruit a competent and experienced Trade Finance Compliance professional with extensive Financial Crime Compliance (FCC) knowledge and experience to be the Chief Compliance Officer & Money Laundering Reporting Officer (CCO/MLRO) of the Bank and its subsidiaries. The candidate is to build, drive and lead the Compliance and Financial Crime function, with a focused mandate on digital trade and risk mitigation. ROLE PURPOSE AND KEY ACCOUNTABILITIES: The CCO/MLRO is responsible for complete oversight of the Compliance and Financial Crime Program of THE COMPANY within the ADGM jurisdiction, and its subsidiaries. This includes ensuring that THE COMPANY's Compliance/FCC policies, standards, processes and supplementary procedures are established and maintained in accordance with the applicable ADGM/FSRA Laws, Regulations and Rules and in accordance of the regulation, legislation of where the subsidiaries may be located. Irregularities with the ADGM/FSRA requirements must be promptly identified by the CCO/MLRO and modifying processes and controls established to mitigate the risks of non- compliance. Responsibilities also includes setting-up high-level senior management Compliance Advisory engagements that can drive transformation within the different departments of the THE COMPANY business. The CCO/MLRO also provides company-wide regulatory guidance and direction by facilitating the implementation of the Compliance Risk Management (CRM) Agenda, supported by BRC/Board Risk Committee. 2 Key Activities Governance and Organisation: Compliance Reporting: Presenting periodic reports for the Compliance and Financial Crime function to the Board and/or Senior Management Committees. In accordance with the approved format and established requirements by the FSRA for Compliance reporting. The role will oversee the compliance advisory function and discharge their duties as the Money Laundering Reporting Officer and will be registered with the FSRA. They will provide the risk mitigation advice on the identification of high-level FCC/Compliance Risks, support the key accountabilities and discharge their duties in accordance with their approved responsibilities of the Recognised Functions registration. Enhancing Governance: Providing valued engagement with senior management at the relevant Risk, Compliance and other Governance meetings providing valuable input, strategic direction and vision on all matter relating to compliance. Compliance Risk Culture: Build and maintain strong relationships with relevant stakeholders to create and grow a supportive and seamless compliance risk and ethical culture. Proactively anticipate and help THE COMPANY business and functions plan for changes in the compliance and regulatory environment in the ADGM and regulatory landscape of the subsidiaries. Stakeholders generally include the THE COMPANY Board, THE COMPANY Exco, Relevant Regulators, Consultants, Law firms, All staff Act as the central point for THE COMPANY's whistleblowing programme. Regulatory Engagement responsibilities: Serve as principal compliance contact with local regulators (FSRA and UAE Central Bank) on all Money Laundering matters. Lead in the preparation and engagement with local regulators for ML-related regulatory examinations and supervisory visits; Respond to inquiries from local regulatory bodies, governmental agencies and/or law enforcement authorities, as required. Regulatory Management: Providing Leadership and Coordination of interaction with the regulators continuously, thereby developing a coherent regulatory relationship for the business. Organising the key interface with regulators on compliance risk management issues and supervisory matters as well as notification of regulator correspondence where applicable. Record regulator correspondence ensuring prompt responses to, and escalation of regulatory queries, notices of violations and breaches, any forbearance, and concerns identified. Deliver to regulators a valued interactive program of support and assurance in accordance with requirements and appropriate expectations on compliance issues, trends, themes, root cases and impacts relating to governance, regulatory risk management and internal control issues. The overall objective is to earn the regulator's trust and to establish a strong, independent and professional regulatory relationship across the franchise. Regulatory Inventory: Ensuring prompt identification, logging, evaluation and formulation of a plan to address requirements arising from new and amended laws, regulations, rules and other requirements and expectations from regulatory and enforcement authorities Regulatory Change Management and Controls: Ensuring that the regulatory change management requirements and processes, along with the regulatory control framework for existing requirements, are effectively operating within THE COMPANY; with respect to the identification, impact assessment and implementation of all applicable laws, regulations, rules and related processes, controls and reporting the impact. Risk Mitigation and Issue Remediation: Working with heads of departments to ensure continued improvement in self-identification of issues, and appropriate escalation and monitoring processes to ensure timely and effective reporting/remediation to mitigate Compliance Risks arising within the business. Financial Crime Compliance Risk Management (FCCRM): Providing strategic direction, oversight, coordination and cooperation as the MLRO in respect of THE COMPANY's FCC Risk management program. Processes, Systems, Procedures and Control Oversight: Review and where appropriate own the FCC policies, processes and procedures, providing high-level guidance and recommendations for best practices within THE COMPANY. Recommend best practice for systems and controls within the THE COMPANY Compliance and Financial Crime space. Customer Due Diligence (CDD)/Know Your Customer (KYC) Oversight: Ensure that the relevant rules and requirements for CDD/KYC are accurate and up-to-date in critical business systems relating to on boarding new clients, trade and account documentation; including policies and procedures. Investigation and Suspicious Activity Reporting (SAR) reporting responsibilities: Final reviewing of AML transaction monitoring alerts escalated for further investigations and undertaking final approvals for investigations that are of potential suspicious activity; Submission of Suspicious Activity Reports (SARs) to local authorities as applicable and in accordance with UAE Federal AML Legislation and per FSRA AML Rulebook and allied regulations, as applicable; To ensure that appropriate transaction monitoring is in place as required by FSRA regulations and in line with International best practice standards. This may also include the development and/or implementation of monitoring processes and solutions (automated processes, adjusting thresholds and other parameters) Prepare, review and/or provide oversight for any other regulatory mandated reporting such as the newly introduced MLRO bi-annual report. Training responsibilities: Assess ML/TF and Sanctions training needs; Coordination and/or provision of training on applicable THE COMPANY ML and Sanctions policies and procedures. Provide input into other relevant financial crime risk training to include Terrorist Financing, Fraud, Anti[1]Bribery & Corruption and other relevant compliance subjects. Coordinate with Training Representatives to ensure training attendance records are documented appropriately; Complete annual continuing education requirements. FC Governance, Risk & Control responsibilities: Ensure that Financial Crime Risk (FCR) related issues requiring Corrective Action Plans are reported in a timely manner, and assist with driving resolution regardless of whether the issue is owned by second-line or first-line of defence; Lead in the preparation/input for ML-related internal audit reviews and Compliance Assurance Risk Reviews; Report to the Board Risk Committee (BRC) or other applicable governance forums on FCR-related matters; Ensure that FCR related issues requiring escalation are brought to the attention of the Board, senior management and the appropriate governance forums in a timely manner. Work with Business to ensure proper FCR controls are in place for new product/services/and locations. Review the Regulatory Inventory to confirm inclusion of all FCR laws, rules and regulations/requirements. Manage Resources and Capabilities: Management of Team: Championing a high performance environment and implementing a people strategy that attracts, retains, develops, embraces diversity and motivates teams by fostering an inclusive work environment; communicating vision/values/business strategy and managing succession and development planning for the team. Compliance Technology and Automation; Data, Metrics, and Analytics: Support ICRM efforts to enhance technology and automation across the function. Provide relevant information and materials related to data to enhance the development of enhanced metrics and analytics for compliance risk. EDUCATION REQUIRED: 5 Bachelor's Degree highly preferred or relevant, equivalent experience. Preference for post graduate degree and/or recognized professional qualifications where applicable in the field of financial crime. Professional qualifications may include: CRMC or equivalent, CPA, ACA, CIA, CFA, ACAMS, CGSS, ICA, etc. strong technical knowledge of regulatory compliance requirements, trade finance compliance, financial crime risk management and Sanctions compliance experience within a highly complex, global financial institution, regulator or related industry participant. Advanced degree, professional certification preferred. KNOWLEDGE, SKILLS AND EXPERIENCE: Credibility as a Trade Compliance subject matter expert and experience of dealing with issues that have a high impact at all levels of the organisation. Knowledge of local, regional and International regulatory requirements and obligations; plus the ability to identify emerging compliance issues and themes; especially in the region. Financial Crime and Sanctions Specialist. Having extensive knowledge and experience across the full spectrum of relevant FCC topics including ML/TF, Sanctions, AB&C, KYC, Fraud, Tax, Modern Slavery and Human Trafficking, Cyber and electronic crimes and foreign currency restrictions. An ability to influence senior business leaders on all compliance risk-related matters affecting THE COMPANY. The individual should have the ability to independently challenge, when needed, while at the same time being supportive and solution-based and not being perceived as obstructive An effective change champion assisting with driving the companies vision and strategy An ability to be "hands on" and "in the trenches" with the direct team, while also bringing a sense of strategic vision and a global sensibility to the function Ability to navigate and negotiate through conflicting demands to maintain focus on priority objectives while ensuring key stakeholders' needs are met Strong team leadership, communication, interpersonal and management skills, with a track record of leading through change and the ability to effectively communicate the strategic vision to various stakeholder groups. Effective negotiation skills, a proactive and "no surprises" approach in communicating issues and strength in sustaining independent views. Strong presentation and relationship management and influencing skills are essential The ability to thrive and execute in an International/Global environment Job Types: Full-time, Permanent Pay: AED25,000.00 - AED65,000.00 per month Ability to commute/relocate:

• Abu Dhabi: Reliably commute or planning to relocate before starting work (Required)