Senior Officer Compliance

6 days ago


Riyadh, Ar Riyāḑ, Saudi Arabia First Abu Dhabi Bank (FAB) Full time

To ensure that all compliance activities within FAB KSA are carried out in accordance with the authorized activities licensed by the governing authorities/regulators; and to ensure the handling of the compliance SAMA and other reports and related inquiries, emails, and further communication.

KEY ACCOUNTABILITIES:

  • Follow all relevant departmental policies, processes, standard operating procedures, and instructions so that work is carried out in a controlled and consistent manner.
  • Follow all relevant rules and regulations issued in regard to the handling of the function and any aiding regulatory instructions.
  • Demonstrate compliance with the organisation's values and ethics at all times to support the establishment of a value-driven culture within the bank.
  • Receive and circulate SAMA circulars while performing the necessary summary to the respective department.
  • Track the implementation of SAMA circulars and instructions.
  • Update the internal compliance logs.
  • Prepare and handle the periodic reports with group compliance, ensuring the accuracy of data.
  • Assist in conducting the necessary review for high-risk accounts to ensure KYC principles are applied circumstantially.
  • Handle SAMA reports and ensure the submission of the necessary regulatory requests within the timeline.
  • Manage SAMA communication and inquiries as applicable.
  • Follow up with the relevant department to submit the required reports requested by SAMA or HO.
  • Attend applicable conference calls & meetings related to compliance, note the minutes of the meeting, and prepare the required presentation and agenda as applicable.
  • Contribute to the identification of opportunities for continuous improvement and sustainability of systems, processes, and practices considering global standards, productivity improvement, and cost reduction.

Specific Accountabilities:

  • Support the VP in implementing the bank's strategy and business expansion.
  • Receive and circulate SAMA instructions/queries.
  • Ensure to maintain strict confidentiality and privacy of customer information.
  • Assist the VP in the investigation of regulatory issues.
  • Perform record management of documents.
  • Comply with the bank's policies.
  • Participate in compliance activities to identify regulatory breaches, if any.

QUALIFICATIONS & EXPERIENCE:

  • Degree from a recognized University.
  • Awareness and knowledge of international best practices in relation to Compliance policies and procedures.
  • Good knowledge of the regulator roles and regulatory requirements.
  • Relevant Professional Qualifications.
  • Fluent in Arabic and English.
Seniority Level
  • Associate
Employment Type
  • Full-time
Job Function
  • Other
Industries
  • Banking
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