Associate - Business Compliance

Role : Associate - Business Compliance
Location : Abu Dhabi

Role Purpose:

To support and assist the Group Compliance Department in achieving the Banks strategic and performance objectives. Support Business Compliance Advisory team in a day-to-day activity by providing guidance and support on interpretation and implementation of regulatory requirements. To provide compliance advisory support to ADIB units on regulatory compliance advisory matters including implementation roll out training and assurance of regulatory compliance policies and products.

Key Accountabilities of the role

Following are the Key Responsibilities:

1. Assist in performing day to day activities related to business compliance advisory remit
2. Support in proving timely opinions advice and guidance to ADIB businesses in relation to relevant regulatory rules regulations and standards
3. Support review of all relevant policies where Compliance sign-off is required and ensure conduct and consumer protection principles are at the forefront of review and compliance advisory
4. Support in the production of Business Compliance Advisory policies and procedures
5. Maintain regulatory interaction register with correspondence from/to regulatory authorities
6. Support compliance review of products/services applications prior submission with regulatory authorities
7. Act as the point of contact and compliance partner with all relevant business and function units to provide business compliance advisory covering regulations and policies
8. Support preparation of new and review of existing Business Compliance policies and procedures
9. Provide support in interpretation of relevant rules and regulations
10. Provide feedback on financial promotion documents
11. Conduct quality assurance (QA) checks post closure of regulatory gap assessments

12. Any other special task/assignment assigned by the Head of Business Compliance

Specialist Skills / Technical Knowledge Required for this role:

• Knowledge of banking practices and banking products
• Understanding of the UAE regulations
• Ability to learn and apply new knowledge in practice
• Good interpersonal skills with the ability to communicate with impact to build healthy professional connections and simplify complex topics into actionable recommendations for decision-making
• Islamic Banking experience and knowledge is preferred
• University degree and compliance qualifications
• Fluent in English and Arabic
  

Previous experience:

No prior experience required. Role is intended for fresh graduates UAE nationals