Senior Officer Compliance
6 days ago
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.
- Associate
- Full-time
- Other
- Banking
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