About the Role
The Manager, Governance & Control for Wealth Management is responsible for ensuring compliance with all applicable regulatory requirements and internal control frameworks. This role proactively identifies and mitigates risks while enhancing the operational efficiency, effectiveness, and control environment of the Wealth Management business.
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Key Accountabilities
- Design and maintain controls and processes to ensure Wealth Management's compliance with applicable regulatory requirements (CBUAE, SCA, etc.).
- Lead the dissemination and implementation of regulatory requirements across Wealth Management in coordination with Compliance, Governance, HR, and Frontline teams.
- Act as the primary liaison for Wealth Management with internal stakeholders including Compliance, Shariah, Operational Risk Management (ORM), Corporate Governance (CPR), and Business Operational Risk Management (BORM).
- Conduct regulatory gap analyses and drive process updates arising from regulatory, business, or annual reviews.
- Oversee closure of all internal and external audit actions.
- Prepare and deliver governance and control reporting to Senior Management and stakeholders.
- Ensure timely compliance with all internal control requirements and coach Wealth Management Middle Office on control execution.
- Monitor Wealth Management operations at a high level to identify emerging risks and control gaps.
- Coordinate regulatory engagement and periodic reporting with CBUAE, SCA, and other regulators.
- Support Internal Audit reviews and conduct periodic business and product compliance reviews.
- Support new product launches by ensuring documentation, approvals, and processes meet regulatory requirements.
- Drive digitalization and automation initiatives across Wealth Management governance, controls, and reporting.
- Resolve escalated Wealth Management issues and management action items (e.g., BRCC).
- Maintain and enhance Risk and Control Self-Assessment (RCSA), Key Risk Indicators (KRIs), Management Information Systems (MIS) reporting, and undertake ad-hoc assignments as directed.
Specialist Skills / Technical Knowledge Required
- Efficient and timely problem-solving skills
- Good knowledge of internal/external controls
- Ability to apply possible scenarios and view potential risks
- Complete knowledge and understanding of the operational function
- Ability to foresee and implement system changes and enhancements
- Customer service skills and complaints resolution skills
- Ability to exercise required controls to mitigate risks arising from non-compliance or non-adherence
- Excellent communication and interpersonal skills
- Ability to work in a fast-moving and complex environment while meeting deadlines.
