Head of Compliance

4 weeks ago


Riyadh, Ar Riyāḑ, Saudi Arabia Tharwah Full time

Direct message the job poster from Tharwah

Hello, I got you a new job opportunity Global Recruitment consultant | Headhunter | Talent Acquisition Specialist.

Tharwah is a leading Saudi advisory company with four well-established business lines: Consultancy, Training and Development, Assessment, and Pro HR Service. We've proudly served hundreds of clients in both the government and private sectors, achieving thousands of successful transactions.

In August 2024, we will make history as the first Saudi advisory company to be listed in the Saudi Parallel Market (نمو) with 15% of our shares going public.

Job Main Purpose:

One of Tharwah's clients in Riyadh need Head of Compliance to Lead the Compliance Department by ensuring full adherence to Saudi Arabian Monetary Authority (SAMA) regulations and relevant laws. Develop and implement compliance and anti-money laundering (AML) programs while cultivating a culture of integrity and ethical conduct across the organization.

Job Duties & Responsibilities:

Operational & Managerial Responsibilities:

  1. Develop and lead a robust Compliance and AML/CTF program to ensure regulatory adherence.
  2. Supervise the Compliance team and oversee daily operations of the department.
  3. Establish and maintain compliance policies and procedures aligned with regulatory frameworks.
  4. Identify, assess, and report suspicious transactions to appropriate regulatory bodies.
  5. Lead risk mitigation strategies to minimize financial, operational, and reputational risks related to non-compliance and AML.
  6. Ensure timely implementation of regulatory updates and industry best practices.
  7. Lead compliance audits and respond to regulatory reviews and examinations.
  8. Direct customer due diligence processes, KYC initiatives, and internal investigations.
  9. Manage SAMA interactions and relationships with other regulatory and financial intelligence units.
  10. Oversee AML technology projects and ensure integration with business requirements.

External Communication and Internal Communication:

External:

  1. Financial Intelligence Units and other Regulators
  2. External Legal and Compliance Consultants
  3. External Clients (on AML-CTF guidance)

Internal:

  1. General Manager and Senior Leadership
  2. Risk Management, Legal, and Operational Departments
  3. Staff and Department Heads (for compliance training and advisory)
  4. Project Teams (for cross-functional initiatives)

Required Qualifications & Experience

Education:

  1. Bachelor's degree in business administration, Finance, Law, Risk Management, or a related field.
  2. A master's degree is preferred.

Experience:

  1. 10+ years of relevant experience in compliance, AML, or risk management.
  2. Proven leadership experience in a regulated financial environment.

Professional Certificates:

  1. Certified Compliance Officer (CCO)
  2. Certified Anti-Money Laundering Specialist (CAMS) or equivalent

Special Requirements:

  1. SAMA non-objection/approval required.
  2. Saudi Nationality is mandatory.

Employment Type:

Full-time.

Job Functions:

Compliance | Risk Management | Regulatory Affairs | Financial Crime Prevention.

Skills:

Compliance Strategy · AML/CTF Frameworks · Regulatory Reporting · Risk Mitigation · Policy Development · Team Leadership · SAMA Regulations · Financial Crime Compliance · Investigations · Project Oversight.

Seniority level

Director

Employment type

Full-time

Job function

Accounting/Auditing and Finance

Industries

Banking, Investment Banking, and Financial Services

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