Director- Product Governance

Join the UAE’s largest bank and one of the world’s largest and safest financial institutions. Our focus is to create value for our employees, customers, shareholders and communities to grow through differentiation, agility and innovation. We are looking for top talent and your success is our success. Accelerate your growth as you help us reach our goals and advance your career. Be ready to make your mark a top company, in an exciting & dynamic industry. 

• Support, establish, manage and monitor governance aspects of Investment Products and Solution
• Ensure investment policies and processes are aligned with governance frameworks and relevant regulations
• Manage affairs of various investment committees
• Develop and manage governance dashboard for the investment solutions department
• Due diligence of fund / investments products performance on regular or adhoc basis
• Assisting in completing due diligence questionnaire of third party service providers
• Lead in the areas of Regulatory Governance, Risk and Compliance and ensure risk is identified, controlled, and managed for GPB.
• Work closely with local and international stakeholders to implement best practices, maintain a strong control environment, and proactively identify and resolve any issues.

Key Accountabilities: 

• Monitor and assess investment processes to ensure compliance with FAB policies, regulations
• Support the development of governance strategies and reporting mechanism based on investment related process, regulation, etc.
• Conduct risk assessments related to governance aspects of investment product, product program, SOP, regulatory reporting, etc.…
• Assist in creating and maintaining Risk Control Self-Assessment plan on year-on-year basis and manage closure of the process on timely manner
• Monitor changes in financial regulations and governance standards affecting investment activities and suggest changes to the policy and processes impacting investment product activities
• Ensure compliance with relevant laws, regulations, and industry standards, and reporting requirements
• Collaborate with legal and various compliance team in FAB (PB compliance and Regulatory compliance team etc.) to align investments with governance regulations
• Facilitate communication between investment teams, senior management, and stakeholders on governance issues
• Prepare and present reports, analysis, and recommendations on governance compliance and investment performance
• Maintain relationships with external regulatory bodies, auditors, and other stakeholders to ensure adherence to governance practices
• Provide training and guidance to investment staff on governance policies and best practices
• Continuously educate investment team on emerging trends and regulatory changes in governance
• Collaborate with management and investment teams to integrate governance factors into strategic investment planning
• Responsible to keep investment solution policy and process documents up to date
• Remain the point of contact for product team during internal audit and compliance audit, further manage the resolution of audit points in timely manner
• Secretary of Investment Products Steering Committee, and Investment Committee. The role includes, Keeping TORs updated and current, scheduling committee meetings, preparing and circulation of meeting agenda and minutes of meeting, tracking action items
• Product Exposure Meetings: Conduct quarterly product exposure meetings, prepare minutes of the meeting and circulate to the management.
• Lead the Investment Products & Solutions policy framework and procedures
• Preparation and Circulation of MIS to Products and Service Management
• Prepare regulatory filings (application, supporting documents, etc). 
• Review of new regulations and implementation for EPB.
• Ensure regulatory licenses renewal and requirements are met including accreditation of professional staff and raise issues/provide feedback on draft regulations
• Leading Client Investment Suitability Questionnaire, product risk rating policies, and relevant governance (including development, and management) and annual reviews.
• Development and management of policy framework on Complex and Non-Complex product in line with regulatory guidelines.

#LI-LA1

• At least 10 to 15 years’ experience in the field of governance linked to investments, asset management and/or investment banking, regulatory reporting
• Bachelor’s degree in Business, Finance, Economics or an industry (such as Banking) qualification
• Professional qualification such as FRM/CFA/ACA/ACCA over and above Bachelor’s is a must
• In-depth experience of investment product development, life-cycle management, broader investment management business, fund structures and investment processes and regulations
• Appreciation of deadlines, attention to detail and delivery driven
• Team player with a positive disposition who works extremely well with colleagues, engagement of peers and superiors as well as clients as appropriate
• Problem solving attitude
• Ability to operate independently, manage and deliver results
• Possess excellent communication skills (verbal and written)