Deputy Head Of Financial Crime Compliance And MLRO

Job Description:

Role :
Deputy Head of Financial Crime Compliance& MLRO

Location :
Abu Dhabi

The MLRO & Deputy Head of FCC is responsible for establishing and overseeing an effective and sustainable Anti Money Laundering ("AML") program, inclusive of people, processes, systems, and controls across the ADIB Group. The MLRO & Deputy Head of FCC is required to ensure that all business activities of ADIB Group are in accordance with applicable FCC laws and regulations and international best practices, as well as requirements of the ADIBs FCC policies and procedures.

The MLRO & Deputy Head of FCC is responsible for leading and managing all AML unit and areas, including AML/CTF (including predicate offences, e.g., fraud, human trafficking, etc.), , Anti-Bribery and Corruption.

• Ensure effective implementation and oversight of the Groups Compliance strategy within the AML teams remit to ensure vertical alignment and horizontal integration with other interfacing departmental strategies.

• Set and approve the core competencies of AML roles.
• Develop a capable AML team with good technical competence and work with Unit Head of Sanctions and Unit Head of CDD and ODD to ensure that the FCC function is appropriately staffed.
• Provide guidance and coaching to direct reports.
• Act as a role model to direct and indirect reports to drive adherence to organizational values and ethics and foster a value-driven culture within the Group.

• Review and recommend the AML teams budget to Group Head of Compliance and monitor adherence to budget, while ensuring all sectional activities are conducted in line with the approved guidelines.

• Ensure that ADIB Group have complete and up to date FCC governance documents (e.g., AML policies, procedures, risk assessment methodologies) that allow the ADIB Group to comply with all local regulations and international best practices.
• Contribute as a thought-leader to evaluate and refine FCC and AML policies, procedures, and processes and implement best practices at a Group level.
• Identify opportunities for continuous and sustainable improvement of FCC related systems, processes, and practices.

• Establish and lead the AML function within the GCD.
• Build the Group FCC framework based on best international practices and in line with local laws and regulations.
• Oversee the Group-wide implementation of FCC controls as required by the Group FCC framework as a co-responsibility with Unit Head of Sanctions and Unit Head of CDD and ODD
• Ensure that ADIB Group is fully aware of and complies with all relevant FCC regulations and international best practices and assess its impact on ADIB.
• Oversee the monitoring activities at the Compliance Operations Center (COC) and ensure constant feedback and governance.
• Review MIs pertaining to monitoring operations at COC, COEand identify anomalies and trends to manage the risk and efficiency
• Ensure right-sizing of the teams at COC to ensure SLAs are met while managing the budget efficiently as well
• Ensure process and resource deficiencies are identified and fixed / replacements happen on timely basis
• Attend industry or other external events relating to FCC as appropriate to keep abreast of recent developments and best practices.
• Establish and manage FCC, AML related risk models, as a co-responsibility with Unit Head of Sanctions and Unit Head of CDD and ODD
• Ensure that violations of AML policies and procedures are appropriately identified and escalated.
• Provide SME advice and guidance to Business units on, but not limited to, AML/CTF, ABAC, and recommend measures to achieve compliance with all FCC related policies,…