Specialist- Control Room (UAE National)
Job Description
Specialist- Control Room (UAE National)
First Abu Dhabi Bank (FAB) Al Qurm Business Park, Abu Dhabi, United Arab Emirates
Full-time
Division: Compliance
Sub Division: Compliance – Control Room
Company Description
Now it’s your time to join the #1 bank in the Middle East and one of the most prestigious financial companies in the region. Shaking up the world of banking requires a lot of smarts and skill. We’re looking for the brightest and best to help us reach our goals and we’ll also help you reach yours. Your success is our success as you grow stronger in your career. Join us and leave a legacy of your own, as a pioneer in both the company and the industry.
Job Description
JOB PURPOSE:
The primary focus of the role is to work collaboratively with the Head of Control Room to manage the day-to-day requirements of the activities performed by the Control Room. The activities include monitoring implementation of Control Room policies and procedures, support in the management of business and personal conflicts of interest of FAB and employees, respectively, and preserving the integrity of the bank’s information barriers by monitoring and controlling the flow of confidential information between the bank’s private side businesses and public side businesses.
In addition, the role is expected to enhance Control Room policies and procedures, and provide Head of Control Room with up-to-date information regarding breaches and the level of compliance with Control Room policies and procedures in the Bank. It also includes providing advice to the business teams in respect of implications of the Bank’s policies in relation to control room activities.
The role will be assessing, identifying, documenting, managing and escalating Conflicts of Interest concerns within his/her area in line with FAB’s Code of Conduct and, as per the role and responsibilities, defined in the relevant policies and procedures, including but not limited to policies around Conflict of Interest, Gift and Hospitality, Personal Account Dealing, Deal related Conflicts of Interest and Outside Business activities.
KEY ACCOUNTABILITIES:
Monitor the day-to-day activities of the Control Room and provide subject matter expert support to employees (both in the Control Room and in the business) on issues of interpretation with respect to the policies and procedures administered by the Control Room and regulatory requirements
Review deals that are reported to the Control Room to identify any potential conflicts with other deals or activities of the bank
Monitor results of conflict clearance checks for FAB deals and transactions and status of the entities in the watch and restricted lists
Escalate any identified (potential) conflicts of interest to the Head of Control Room for review and clearance
Provide guidance to the business teams on the management of potential or actual conflicts of interest and the handling of material non-public information in the business
Provide guidance and timely responses to ad hoc queries from business including those related to trading and the restricted list and watch list
Monitor sufficiency of information barriers within FAB, wall crossing arrangements and insider lists
Monitor the results of review FAB employees’ requests for personal account dealings (PAD), outside business interest (OBI) and gifts and hospitality (G&H)
Monitor PAD transactions of staff members to ensure all trades are pre-approved and in accordance with the PAD policy
Monitor and escalate overdue employee Control Room attestations to Business Line Managers and Compliance
Review conflicts of interests, breaches and non-compliance of Control Room policies, procedures and regulations identified by the Control Room team or reported to the Control Room
Review Control Room management information and reports for the Head of Control Room
Conduct Risk and Control Self-Assessment for Control Room activities and develop appropriate corrective actions or improvements to Control Room processes to address risks identified
Assist in developing tailored training and awareness program on Conduct Risk, Market Abuse, Control Room activities and regulatory requirements to FAB employees and various business areas in the Bank
Foster a close working relationship with business lines, including awareness of key business developments and any changes to procedures and practices that may impact the Control Room activities
Perform other duties as assigned by the Head of Control Room
Qualifications
A minimum of 1-2 years of experience in a global bank, preferably either in a Control Room, Compliance or Corporate and Investment banking role
Demonstrate a genuine interest in developing a career within Banking Compliance
Excellent analytical skills and ability to support decisions with sound reasoning
Excellent communication skills, as the role requires constant communication with other functions within the Group
Fluent in English
Job Location
Specialist- Control Room (UAE National)
First Abu Dhabi Bank (FAB) Al Qurm Business Park, Abu Dhabi, United Arab Emirates
* Full-time
