Compliance Officer
6 months ago
**Job Summary**:
The Compliance Officer will play a pivotal role in ensuring adherence to legal and regulatory requirements within the organization. This position entails overseeing the development and implementation of institutional policies, coordinating legal, general, and client affairs, and ensuring security and legal compliance across all activities. The incumbent will be tasked with safeguarding the organization's interests and fostering a culture of legal compliance and awareness.
**Responsibilities**:
- Review and analyze local and international legislation and legal regulations pertinent to the organization's operations, staying abreast of new developments and potential changes.
- Provide expert guidance and advice to management and staff on legal and regulatory compliance, articulating requirements and devising effective strategies and policies.
- Develop and execute training and awareness programs to educate employees on legal and regulatory compliance, ensuring comprehensive understanding and adherence to established policies and procedures.
- Scrutinize contracts, agreements, and other legal documents to ensure compliance with applicable laws and regulations, while advising management on potential legal risks.
- Conduct periodic assessments to evaluate the company's legal and regulatory compliance, identifying risks and recommending necessary enhancements, including the implementation of procedures to address violations.
- Collaborate with external regulators and legal advisors to obtain insights on complex legal matters and potential conflicts.
- Uphold the confidentiality of legal and regulatory information, establishing and enforcing policies to ensure security.
- Monitor updates in legal and regulatory requirements and propose revisions to internal policies and procedures accordingly.
- Foster collaboration with internal teams such as Legal, Human Resources, and Finance to ensure seamless coordination on legal compliance matters.
- Prepare regular reports for senior management on legal and regulatory compliance performance, highlighting areas for improvement.
**Qualifications**:
- University degree in law or related field.
**Preferred Experience**:
- Extensive knowledge and understanding of legal principles and interpretation.
- Proven experience in legal compliance and risk management.
- Strong analytical and problem-solving skills.
- Excellent communication and interpersonal abilities.
- Ability to work collaboratively in a multicultural environment.
- Commitment to continuous improvement and learning.
**Skills and Abilities**:
- Legal and Regulatory Compliance: Demonstrated ability to assess and ensure legal compliance within an organization.
- Policy Implementation: Proficiency in implementing and evaluating policies and procedures related to legal and regulatory compliance.
- Education and Awareness Programs: Experience in developing and executing educational initiatives to enhance legal awareness among staff.
- Complaints and Risk Management: Ability to effectively manage complaints and reports related to compliance issues, ensuring appropriate resolution and investigation.
- Cooperation and Coordination: Skill in fostering collaboration and coordination across various departments to achieve legal compliance objectives.
- Continuous Improvement: Dedication to ongoing professional development and involvement in relevant legal and regulatory bodies to enhance organizational compliance efforts.
**Salary**: From ﷼10,000.00 per month
Application Question(s):
- Do you have a Bachelors Degree in Law?
- This position is for Saudi Nationals only to comply with the Saudization. Are you a Saudi National?
**Experience**:
- Compliance Officer: 2 years (required)
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