Head of Business Compliance

DescriptionRole : Head of Business ComplianceLocation : Abu DhabiRole Purpose: The Head of Business Compliance is helping ADIB to meet its mission to become a top tear Islamic Financial Group by providing sustainable and customer-focused financial solutions aiming to create value for ADIBs stakeholders. It is a dedicated role responsible for providing strategic and operational compliance support and partnership to the business lines including Retail Banking Group (RBG) and Wholesale Business Group (WBG).The Head of Business Compliance will functionally report directly to the Group Head of Compliance with matrix reporting to the Global Head of Retail Banking and Global Head of Wholesale Banking Group and will play a critical role in ensuring that all initiatives activities and products within the Business lines follow regulatory requirements internal policies and are within Compliance Risk Appetite.The position will promote the embedding of a culture of compliance within the business I First Line of Defense and give the compliance function a seat at the table by actively participating in business forums and proactively liaising with Group Compliance. Logistically this GCD-funded role will be embedded within the Retail Banking business to reflect the contribution of Retail Banking within ADIBs universal banking model but it will act as an independent second line control function to execute relevant aspects of compliance and conduct through provision of advice and constructive challenge in a manner proportionate to the nature size and complexity of ADI Bs business.The Head of Business Compliance will operate in a multi-location mode reflecting the operating model of RBG and WBG and have two senior direct reports covering Business Advisory for the two main business lines I.e. Head of Retail Business Compliance and Head of WBG Treasury and Credit Business Compliance.Key Accountabilities of the roleRegulatory Advisory: Act as a primary point of contact for regulatory advice across the banks business units. Support in the interpretation and implementation of regulatory changes and their impact on the banks operations ensuring that business units remain informed and compliant.Surveillance: Develop an understanding of the ADIB business models and strategy in order to provide oversight support and challenges. Conduct evaluation and assessment of the effectiveness of ADIBs compliance commitments and requirements across various business lines identifying potential gaps and risks to be addressed working closely with Regulatory Affairs (RAU) and Compliance Monitoring and Testing (CMAT) teams.Policy Development and Implementation: Oversee the development implementation and maintenance of the compliance partnerships policies and procedures. Support in applying these policies across all business units and update in response to regulatory changes.Reporting: Support development and implementation of a comprehensive reporting mechanism on business line specific compliance matters in coordination with the RAU and CMAT to ensure timely and accurate reporting of compliance issues trends and key risk indicators to senior management and relevant committees.Strategic Compliance Leadership: Support the vision strategy direction and leadership of GCD in ADIB. Support and promote the culture of compliance with regulatory standards and conduct best practices including performing business within regulatory requirements and to high ethical standards. Provide strategiccompliance guidance to all business units including Retail Banking and Digital Banking as and when needed. Ensure that compliance considerations are integrated into business strategies new product developments and operational processes.Training and Awareness: Support the development and delivery of compliance training programs tailored to the needs of different business units. Promote a culture of compliance through regular awareness initiatives and engagement with employees at all levels.Support Incident Management: Support in the response to compliance incidents including investigations remediation and reporting. Ensure that incidents are managed in a timely manner and that lessons learned are integrated into future compliance strategies.Relationship Management & Partnering: Support and maintain an effective and constructive relationship with key business to ensure a good understanding of compliance requirements across RBG and WBG and associated subsidiaries of ADIB from CBUAE and SCA perspective.Work closely with the Regulatory Affairs team on the interpretation of regulations issued by regulator impacting retail business units.New Product & Service Propositions: Support in ensuring that product governance measures on conduct financial crime and compliance are in place for the new product review process; by assessing that regulatory requirements are reflected in product documents.Regulatory Engagements: Support management of regulatory engagement with ADIBs regulatory auth