Derek Sarkodee-Adoo
Regulatory Compliance Advisory @Abu Dhabi Commercial Bank
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WORK HISTORY
Regulatory Compliance Advisory @Abu Dhabi Commercial Bank
Abu Dhabi, AE
Leads a senior regulatory compliance advisory mandate for the bank’s Retail Banking, Wealth Management, and Business Enablement (HR, IT, Operations) functions.• Manages compliance for the bank’s Retail Banking, Wealth Management, and Business Enablement functions, ensuring all business activities and products meet CBUAE requirements.• Leads the compliance side of digital transformation initiatives, including the bank\'s rollout of the UAE’s Open Finance framework.• Creates bank-wide compliance policies and reporting the Board uses to track market conduct, consumer protection, cross-border business, regulatory developments, and internal regulatory breach investigations.• Risk assesses, signs off, and secures regulatory approvals for new high-risk products, cross-border business propositions, and material outsourcing arrangements, to enable commercial launch and revenue generation.• Acts as a primary point of contact for the CBUAE during bank audits, regulatory inspections, and formal requests for information.
EDUCATION
University of Essex
Bachelor of Science (BSc) Hons, Banking and Finance
ABOUT DEREK SARKODEE-ADOO
Derek brings over 15 years of international regulatory and banking experience, having shaped compliance strategy at senior levels across the United Kingdom and the United Arab Emirates. A London-pedigree regulatory leader, he currently spearheads senior advisory mandates at Abu Dhabi Commercial Bank (ADCB), bridging the gap between the Onshore (CBUAE) and Offshore (ADGM/DIFC) UAE regulatory landscapes, complex international standards, and regional execution. His expertise was forged inside elite institutions, including the Bank of England’s Prudential Regulation Authority (PRA) and the UK Financial Ombudsman Service (FOS), providing him with a rare, holistic view of the global financial system.As a Banking Supervisor at the PRA, he co-led comprehensive supervisory reviews of UK banks. He has assessed corporate governance, capital adequacy, and risk management frameworks, and supervised major IT and cross-border transformations. During his tenure at FOS, he led teams and arbitrated more than 2,500 complex market conduct disputes as an alternative to court proceedings. He has issued landmark settlement decisions impacting global firms such as HSBC, Barclays, and Citibank. He has since developed and embedded major compliance architectures, including board-level reporting systems, market conduct frameworks, and protocols for internal regulatory breach investigations. He acts as a strategic advisor on the critical pillars of a modern compliance function: Regulatory Strategy, Governance, and Strategic Financial Crime Risk Oversight.He is a UK national, a member of the Chartered Institute of Arbitrators (CIArb), and remains active in continuous professional development within the international financial community.
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