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VP & Head of Business Risk Advisory

📁
Corporate & Investment Banking
📅
ABU000585 Requisition #

To lead, develop and enhance the CIB Business Risk Advisory function and ensure it is fit for purpose and meets international best practice standards. The role should ensure all CIB business units have an appropriately skilled first line contact on regulatory compliance matters, and manage where applicable communications between Group Compliance and CIB business units. The leadership role should ensure this business model is embedded and working efficiently.

 

Job Specific Accountabilities:

   

Strategic Contribution:

  • Establish and develop the CIB First Line of Defence (FLOD) UAE Business Risk Advisory function to ensure vertical alignment and horizontal integration with other interfacing departmental strategies.

  • Ensure implementation of the Bank’s Compliance strategy within CIB

     

    Business Risk Advisory:

    Provide leadership for a team which will conduct the following activities:

  • Act as the first Compliance filter for all Compliance related queries from the CIB Business units.

  • Advise and support the CIB Business on how to turn new regulations into actual business requirements.

  • Advise CIB business units on regulatory compliance matters and communicate updates and gaps related to new regulations and requirements in consultation with Group Compliance.

  • Ensure implementation of the Group Compliance Policy & develop Compliance Procedures and Process Notes.  

  • Provide advisory related to LCM/ECM/DCM, Custody, SCA, Client Coverage, FI, GTB and GM (depending on the nature of the request) in consultation with Group Compliance for SME opinion.

  • Support the business and provide SME input to Compliance related projects

  • Active involvement in the procedures and processes related to New Product roll-out.

  • Review financial promotions / PAD / Cross Border/ Gift and Hospitality Requests.

     
    People Management:
  • Manage the CIB Advisory teams by tracking against objectives and motivating staff to maximise performance.

  • Support the Department in delivering CIB regulatory related training by liaising with Group Compliance.

  • Provide guidance and on the job training for staff and conduct knowledge sharing sessions.

  • Support the CIB Business Risk & Control Head to identify CIB Advisory team resource shortfalls against the Department capacity plan.

  • Act as a role model to direct and indirect reports to drive adherence to organisational values and ethics and foster a value driven culture within the Bank.

     

    Budgeting and Financial Planning:

  • Support the CIB Business Risk & Control Head to prepare and recommend the CIB Advisory team’s budget and monitor adherence to budget, while ensuring all sectional activities are conducted in line with the approved guidelines.

     

    Policies, Systems, Process & Procedures:

  • Follow all relevant departmental policies, processes, standard operating procedures, and instructions so that the work is carried out in a controlled and consistent manner

         Continuous Improvement

  • Support the CIB Department in identifying continuous improvement and sustainability improvement opportunities for the related systems, processes and practices.  

Minimum Qualification:
  • Bachelor’s Degree or Higher in Management, Banking or Finance, preferably with certification in compliance, corporate governance, risk management or internal audit.

     
    Minimum Experience:
  • Minimum of 8-10 years of experience in a reputable international bank

  • Minimum of 5 years of advisory experience on CIB. 

  • Good all round knowledge of UAE regulations and knowledge of at least one major global regulation (e.g. MIFID, EMIR, SFTR, GDPR) impacting CIB.

  • Experience in KYC and On-boarding would be beneficial.  

  • Experience in Financial Markets advisory would be beneficial. 


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