Job Description

Company Description

First Abu Dhabi Bank is an inclusive environment where each person values the experiences, perspectives, ideas and beliefs of others. We're in a unique position to learn from all our colleagues, combining international experience with deep cultural knowledge and local expertise. At FAB, you'll have the support of your team and a strong relationship with your line manager, who will trust you with responsibility and recognize your good performance. As we embrace different ways of seeing the world, listening to each other and respecting different viewpoints, we grow stronger together.



Job Purpose:

To lead, develop and enhance the FABs Investment Banking Groups First Line of Defense (FLOD) Controls team and ensure it is fit for purpose and meets international best practice standards. This will serve as dedicated business support providing governance and framework support and alignment to various other areas such as risk and compliance, which will enable agile decision making, query resolution and flow of information. This is a key new function where strong leadership, communications and stakeholder influencing skills are essential in order to drive the devolvement of a strong risk and control environment culture across the First Line.

Key Accountabilities:

Risk Tracking:

• Tracking of business-owned action plans in progress to implement/comply with new/changed regulation;
• Design and implementation of new/changed controls.
• Embeed the culture of the risk and compliance within business

Regulatory Engagement:

• Coordinated provision of business inputs and MI in response to regulatory requests for information and exams.

Policy:

• Tracking of Group policy changes and cross-referencing change requirements for business SOPs.

Risk Assessments:

• Enterprise Wide Risk Assessment (EWRA): Coordination of business inputs and MI;
• EWRA: Challenge/validation of Compliance Assessments (Inherent Risk and Control) in the first instance;
• RCSA: Coordination of business RCSA activities, including identification of key regulatory risks inherent in business processes assessed through RCSA (and gaps);
• RCSA: Coordination of challenge sessions by SLOD (e.g. Compliance) on assessment of regulatory risks within RCSA;
• Other (e.g. Conduct Risk, for as long as required): Coordination of business inputs and MI;
• Development of KRIs to measure control performance in real-time.

Assurance:

• Coordination of business responses to proposed Compliance Monitoring and Testing plan;
• Execution of some FLOD Monitoring activities based on business & Compliance agreement;

Issues Management:

• Coordination of escalation and management of business-owned issues emanating from Compliance Monitoring, Group Internal Audit (GIA), regulatory examinations, and business monitoring;
• Coordination (with Compliance, GIA, etc.) of appropriate business ownership of issues;
• Tracking of issue closure progress, including interim milestones; escalation to business of delinquencies, and to Compliance, GIA etc., especially where delinquencies have regulatory impact;
• Management of dependencies and escalation where required;
• Management and escalation of near-misses.

Training:

• Measurement of training uptake and escalation of delinquency
• Coordination of business responses to proposed mandatory HR Training plan

Reporting and Governance:

• Development of a business-owned governance framework (attended by Compliance, Technology etc...) to ensure oversight of risk and timely resolution of issues
• Reporting and escalation of business risk KRIs and KPIs
• Thematic and trend analysis
• Oversight of source systems for reporting obligations to ensure data accuracy remains fit for purpose

Breach and Disciplinary Management:

• Tracking of business breaches and disciplinary cases