Middle Office Risk Governance Specialist

4 days ago


Abu Dhabi, Abu Dhabi, United Arab Emirates First Abu Dhabi Bank Full time
Key Responsibilities:

The successful candidate will be responsible for leading the First Line of Defense & Middle Office function in the UAE, ensuring compliance with internal policies, regulatory standards, and safeguarding the integrity and profitability of the firm's Global Markets business.

The role involves designing and implementing controls across the Global Markets end-to-end trade life cycle, conducting regular assessments of business activities and processes, and collaborating with internal teams to optimize processes.

Key Accountabilities:
  • Control Design and Implementation:
    • Design and implement controls across the GM end-to-end trade life cycle ensuring adherence to policies and procedures.
    • Conduct regular assessments of business activities and processes to identify and detect vulnerabilities, areas for enhancement, risks, and control weaknesses, and recommend solutions to mitigate risk.
    • Collaborate with internal teams to optimize processes, implementing risk mitigation strategies where necessary.
    • Instruct and educate accountable owners via continuous assessment to implement recommended controls as BAU.
  • Risk & Control Governance:
    • Own the GM Risk Governance framework and perform periodic risk appetite assessments.
    • Establish a GM risk and control library at a desk level.
    • Undertake Supervisory attestation (accountable risk and control owner).
    • Ensure regulatory requirements are met including compliance with internal policies and best practices.
    • Collaborate with all LoBs in identifying and remediating control gaps.
    • Chair regular committee meetings.
  • Trade Monitoring:
    • Undertake Preventative vs. detective trade monitoring.
    • Monitor and report breach events.
    • Track implementation of action/remediation plans.
  • Collaboration:
    • Work closely with Trading Operations, Legal, Compliance, and Risk Management teams to strengthen control environments.
    • Liaise with the Second Line of Defense (risk management compliance) and Third Line (internal audit) to facilitate risk reviews and audits.
  • Regulatory and Audit:
    • Work closely with relevant stakeholders and business to ensure all required regulatory requirements and adherence is met.
    • Monitor and follow up on all audit requirements and observations and work on their remediation in a timely manner.
  • Managerial Duties: May be assigned managerial duties including managing an assigned intern, graduate, or individual/team.


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