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About the business area, Group Compliance & Governance:

Compliance is an independent function at ADCB which takes an active approach to risk management and monitoring, ensuring the Bank complies with applicable laws, regulations, rules and market standards. The Group creates, implements and monitors policies and procedures designed to prevent or detect financial crime and any compliance breaches of the Bank, its employees and clients. It also monitors and measures the impact of conduct risk and compliance on the Bank’s risk appetite and profile.

In this role, your key responsibilities include:

• To develop and support the implementation of ADCB’s financial crime strategy, reviewing current policies to ensure these are up-to-date and forward looking to support changes in the business and operational areas, recommending and implementing changes in line with UAE Central Bank (CBUAE) and Middle East and North Africa Financial Action Task Force (MENA FATF) requirements to ensure ADCB’s compliance to both local and global Anti-Money Laundering (AML)/Combating the Financing of Terrorism (CFT) rules and regulations
• Design the scope of thematic reviews that identify current issues or emerging risk, recommending potential solutions in order to address and solve these issues
• Analyse serious regulatory breaches and financial crime risk episodes, identifying connecting parties, recommending required changes to ensure that actions are taken quickly to remediate and/or activities are ceased
• Identify high risk customers, designing and implementing advanced stringent checks in order to protect the Bank against financial loss
• Identify new typologies, reviewing market intelligence in order to constantly monitor the evolving risk globally
• Design the strategy and scope of Correspondent Banking Relationship review from an AML and CFT perspective to ensure the associated risks are mitigated
• Develop controls for new initiatives (for example: new products, channels and digital platforms etc.) in order to drive the Financial Crime prevention strategy
• Collaborate with key stakeholders to identify opportunities for continuous improvement in the area of financial crime compliance to ensure current and future compliance requirements are met
• Conduct typology research, reporting on current methods, techniques and trends in money laundering and terrorist financing recommending changes to policy/strategy in order to keep up-to-date on the changing face of financial crime
• Define the financial crime strategy based on CBUAE/MENA FATF requirements, identifying/implementing updates, leading initiatives in order to guide the business to achieve compliance in line with new legislation and innovations in financial crime
• Monitor updates issued by CBUAE/MENA FATF, recommending changes to policy and strategy to ensure ADCB stays relevant within the complexity of the evolving environment
• Report serious regulatory breaches or where risk tolerances have been breached to Internal Stakeholders to ensure they are informed and that actions are taken quickly to remediate and/or activities are ceased
• Identify training requirements that embed the highest standards of regulatory and business compliance to ensure all applicable laws, regulations, guidelines are adhered to
• Oversee the development of training materials for internal delivery to ensure the ongoing education of Bank employees
• Manage self and team in line with ADCB’s people management policies, procedures, processes and practices to ensure adherence and to maximise own and employee contribution to business performance
• Manage the effective achievement of the team’s objectives through setting individual objectives, managing performance, developing the team and providing formal and informal feedback to maximise overall performance, engagement and motivation
• Recommend and implement improvements to departmental policies, procedures and processes covering all areas of activity so that all relevant procedural requirements are fulfilled while ensuring that ADCB delivers best-in-class services, products and innovation

The ideal candidate should have the following experience

• At least 8 years of experience in an AML and CFT function
• Bachelor’s Degree in relevant specialization
• Extensive experience with Financial Crime Compliance Advisory – (Consulting/Big 4 would be advantage)
• Experience with FCC Transformation projects
• Knowledge of International Banking best practices
• Knowledge of CBUAE AML regulations
• Research and data analytics skills
• Report writing skills
• Relationship management skills
• Microsoft Office (Word, Excel and PowerPoint)

What we offer:

• Competitive Salary & Additionally, all employees are eligible to participate in one of our rewarding variable pay plans.
• Comprehensive Benefits Package: This includes market-leading medical insurance, group life and personal accident insurance, paid leave and leave airfare, employee preferential rates on loans and finance facilities, staff discounts and offers, and children education assistance (for certain job levels).
• Flexible and Remote Working Options: We understand the importance of work-life balance and offer flexible working arrangements, subject to eligibility and job requirements.
• Learning and Development Opportunities: We value and facilitate continuous learning and personal development through a variety of exciting learning opportunities, such as structured instructor-led courses, a comprehensive e-learning catalog, on-the-job training, and professional development programs.

At ADCB, we are dedicated to creating a respectful, caring and disciplined work environment that aligns with your career ambitions.