WM Priority And PBG Compliance Manager

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 line to the Business (Global Head of Retail Banking or his Delegate). This role is critical to ensure that a mature compliance culture  is sustained to enable the effective execution within risk appetite of the segment-focused strategy across all innovation initiatives, product design, operational fulfilment, and customer touchpoints. The Compliance Manager will monitor adherence to regulatory requirements, internal policies and Compliance Risk Appetite tolerances. The position serves as a Subject Matter Expert on Wealth Management, Conduct, and Consumer Protection and FCC matters. Additionally, this role will actively participate in the Business Risk and Control Committee, WM Product Committee and other governance forums. 
    
Key Accountabilities of the role      

Financial Crime Compliance Guidance & Oversight: 

Aligned with the Bank’s Three Lines of Defense Model, the Compliance Manager will oversee the embedding of Financial Crime Compliance Policies (FCC) encompassing KYC/ CDD, AML, CFT, Sanctions and Ongoing Due Diligence across the customer life cycle. 

• Regulatory Authorities (i.e. CBUAE and SCA)
• Managed Services
• Group Credit Management
• Marketing
• Correspondent Banking Relationships
•  Financial Market Infrastructure (FMI) providers / Global securities settlement houses e.g., Allfunds, Euroclear