WM, Priority and PBG Compliance Manager

WM, Priority and PBGpliance Manager Job Description

Role : XX

Location : XX

Role Purpose

The Wealth Management, Priority & Private Bankingpliance Manager is responsible for supporting ADIB's Retail Banking Priority Banking, Wealth Management Business (WM) and Private Banking (PB) onpliance risk management. This role involves providing FCC and Regulatorypliance guidance. The WM, Priority & PBpliance Manager, reports directly to the Head of Businesspliance in Grouppliance with dotted / matrix reporting line to the Business (Global Head of Retail Banking or his Delegate). This role is critical to ensure that a maturepliance 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. Thepliance Manager will monitor adherence to regulatory requirements, internal policies andpliance 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 Controlmittee, WM Productmittee and otherernance forums.

Key Accountabilities of the role Financial Crime Compliance Guidance & Oversight

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

• Regulatory Advisory & Market Conduct : Provide advisory support on SCA regulations and other regulations relevant to WM business, such as regulations issued by the Central Bank of the UAE (CBUAE). Act as the principal contact for regulatory guidance for WM business. Understand and convey regulatory changes and their impact on the bank's operations, ensuring that WM business stays informed andpliant.
• Surveillance : Conduct periodic review of the business-related activities, identifying and highlighting potential regulatorypliance gaps and risks to be addressed, including any conflicts of interest.
• Policies, Products and Initiatives : Review new investment products from apliance perspective, including funds and structured products. Review new investment agreements and opportunities. Act as a point of contact from GCD for the WM product review process by assessing regulatory requirements and the impact of proposed new products and services to ensure that product launch is smooth and successful. Support in applyingpliance related policies across WM business units and update in response to regulatory changes.
• Regulatory Engagements : Interact with the Securities andmodities Authority (SCA) on a day-to-day basis, resolve any licensing requirements with the regulator. Assist WM business during examinations from regulatory authorities (, CBUAE and SCA), in obtaining approvals / no-objections from regulatory authorities and act as a point of contact for ADIB in the Bank's interactions with CBUAE and SCA for WM businesses.
• Remediation Guidance : Advise WM business units in formulating their remediation action plan for regulatory, RCSA, internal / external audit issues related topliance.
• Provide support in the response topliance incidents, including investigations, remediation, and reporting. Ensure that lessons learned are integrated into futurepliance strategies.
• Training and Awareness : To be part of the team providing the ongoing training and development of people and support delivery training programs tailored to the needs of different WM business units for conduct and regulatorypliance perspective.
• Reporting : Support development and implementation of aprehensive reporting mechanism for WM business for specificpliance matters in coordination with the RAU and FCC.
• Escalations : Ensure that the Head of Businesspliance is well informed of critical business units advisories, initiatives, escalations, and issues.
• Shari'ahpliance : Maintaining a constructive and effective relationship with Group Internal Shari'ah Control Department, as and when required.
• Other : Any other special task / assignment assigned by the Head of Businesspliance.

Education, experience and qualifications

• Minimum of 8 years of experience inpliance roles within the banking industry, with at least 3 years related to wealth management business
• Bachelor's degree in finance, law, business administration, or a related field
• Deep knowledge of SCA and CBUAE and regulations relevant for WM business
• Extensive familiarity with WM Islamic Banking products
• Good stakeholder management skills, with excellentmunication and capability to challenge effectively
• Ability to work with regulatory authorities in an open and cooperative manner
• Ability to challenge the First Line of Defense onpliance related matters applicable to ADIB.
• Strong analytical and problem-solving skills and presentation skills.

Specialist Skills / Technical Knowledge Required for this role

Specific Responsibility Areas (Non- Business Lines) Required for this role :

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

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