Head of Global Markets Middle Office

First Abu Dhabi Bank is an inclusive environment where each person values the experiences, perspectives, ideas and beliefs of others. We’re in a unique position to learn from all our colleagues, combining international experience with deep cultural knowledge and local expertise. At FAB, you’ll have the support of your team and a strong relationship with your line manager, who will trust you with responsibility and recognize your good performance. As we embrace different ways of seeing the world, listening to each other and respecting different viewpoints, we grow stronger – together

The candidate will be based in UAE and have the primary responsibility for heading the First Line of Defense & Middle Office function which will be responsible for the coordination, execution, enhancement and oversight of the control framework while driving operational excellence and risk management across the organization which will be the primary focus with the intention of growing this to a fully operational Middle office control function. Working closely with the business and the entire GM eco-system, the role ensures compliance with internal policies, regulatory standards, and helps to safeguard the integrity and profitability of the firm's Global Markets business.

Key Accountabilities: 

1. GM 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 and 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

2. GM 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

3. GM Trade Monitoring

• Undertake Preventative vs. detective trade monitoring
• Monitor and report breach events
• Track implementation of action / remediation plans

4. Collaborate with Internal Teams:

• 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

5. Regulatory and audit:

• Work closely with the 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 ina timely manner

6. Managerial Duties: You may be assigned a managerial duty which can extend to managing an assigned intern, graduate or individual /teams

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• Minimum degree in Accounting, Economics, Banking or Financial Management or equivalent, Bachelors/Masters or equivalent professional certification.
• Proven regional experience of 10 - 15 years+ working in Financial Markets in a similar capacity
• Knowledge of Global Market products, including risks and controls
• Familiarity with financial regulations and experience in regulatory reporting requirements
• Excellent Excel skills and experience working with large datasets and financial models
• High level of attention to detail with strong analytical and problem-solving skills
• Excellent communication skills, with the ability to present to senior stakeholders