AVP - Compliance - Paris, France - First Abu Dhabi Bank (FAB)

Description

Job Purpose:

• To Ensure that the activities and business of FAB France Branch are performed in full compliance with French laws and regulations, as well as Group and local policies and procedures.
• To Ensure that the Compliance Monitoring Plan/Permanent Control, Transaction and Sanction Monitoring and Surveillance are carried out in accordance with local rules and regulations and relevant Internal/Group Policies & Procedures by regular monitoring, reporting and assessment of the effectiveness and efficiency of controls and process in France.
• To support Head of Compliance, Internal Control & AML FT Prevention on day-to day general compliance matters.

Key Accountabilities:

• Regulatory Horizon-Scanning: Assess and anticipate the impact, in collaboration with relevant teams, of any legal or regulatory changes which could have an impact on FAB France activities and engage with local management to agree and deliver an appropriate implementation plan.
• Interpretation and implementation of new or changes in regulations and group policies, as required, to address, manage and mitigate impacts of such changes, in a practical and effective manner, with a good understanding of the business operations and needs.
• Perform regular compliance checking, review, self-assessment required by regulators, management and/or the Group and draft findings/reports.
• Participate in developing and executing of the risk-based Compliance Monitoring Plan and conduct the reviews in alignment with the best practices.
• Timely and effective reporting of CMP review results highlighting regulatory weaknesses and areas of non-compliance for management together with recommendations for corrective action
• Conduct periodic monitoring and follow-ups on corrective actions.
• Ensure that the branch complies with FAB's sanctions policies and procedures by undertaking monitoring of transactions and ensuring that all staff are appropriately trained.
• Ensure the branch is AML compliant with local regulatory requirements for France activities and business via concise, accurate and relevant reporting of suspicious activities.
• Periodically assess and review the AML and CFT policy to ensure an effective policy in place and to execute proper due diligence on customers including on-going CDD and ensuring that it is maintained up to date.
• Manage the Sanctions, Asset Freeze and AML-CFT alerts generated.
• Undertake reviews of Suspicious activities and internal disclosure, determine whether it's necessary to make a report and file Suspicious Activity Reports (SAR's) to the appropriate regulatory and / or enforcement authorities and provide guidance on how to avoid "tipping" off if any SAR is made.
• Ensure all "Red Flags" for any AML/CDD checks performed have been fully reviewed and that any adverse comments have been fully investigated and the risk mitigated.
• Conduct Sanctions, Transaction Monitoring and Surveillance awareness and training sessions to ascertain that all staff are aware of their regulatory obligations and have a working knowledge of how to identify suspicious transactions.
• Perform regular on-going review of all customer mandate files (especially PEP's and 'High Risk' customers) as required by related regulatory authorities.
• Perform the regulatory and internal reporting.
• Support the Head of Compliance, Internal Control & AML FT Prevention on day-to-day activities related to other general compliance matters that best meets FAB's interest including but not limited to:

1. Maintain and update the Compliance Compendiums / Registers for the branch, keep abreast of global and local regulatory reform and provide leadership to the bank for regulatory reform management.
2. To develop, maintain and update Compliance policies and procedures for the branch, taking into consideration changes to Group policies, local regulatory developments, and international best practices.
3. Providing compliance oversight for FAB's France business activities
4. Liaise with relevant stakeholders within FAB's France business activities to provide advisory, guidance, education, and training on all regulatory and group compliance policy related matters.
5. Ensure a proactive approach is taken to identify regulatory compliance risk and potential impacts on FAB's France business activities.
6. Assist in the development and completion of the compliance monitoring plans for FAB's France business activities.
7. Respond to regulator, auditors, and third-party examiners inquiries.
8. Ensure the appropriate, timely and relevant regulatory compliance risk information is provided to management via the various risk management committees.

Qualifications

Minimum Qualification

• Bachelor's degree in Banking Law/degree in business/legal banking/Finance or equivalent.
• Certified Anti-Money Laundering Specialist Examinations (ACAM) or equivalent.
• Relevant programs in compliance and internal control functions.

Minimum Experience

• 10 years' relevant experience in the banking sector with at least 5 years in similar positions of progressively increasing managerial responsibilities in the compliance or internal control functions.