Compliance Officer

2 days ago


Jeddah, Makkah Province, Saudi Arabia Islamic Development Bank Full time

About This Job

We are looking for an experienced Risk Management Officer to join our team at the Islamic Development Bank. As a key member of our Corporate Middle Office (CMO), you will play a critical role in supporting the independent valuation function, monitoring security and collateral/guarantees valuations, and developing robust tools for data integrity and reconciliation.

About Your Responsibilities
  1. Support Independent Valuation Function: Collaborate with the CMO team to ensure accurate and timely valuations of OCR and other funds.
  2. Monitor Security and Collateral/Guarantees Valuations: Regularly review and update valuations to maintain Loan to Value (LTV) ratio consistency.
  3. Develop Robust Tools: Design and implement data integrity, reconciliation, and reporting tools to enhance efficiency and compliance across systems.
  4. Maintenance and Custody of Risk Management Master Data: Ensure unique identification of obligors across all relevant systems.
  5. Ensure Database Accuracy and Timeliness: Update IsDB databases accurately and timely.
  6. Propose Process Improvements: Identify opportunities to increase efficiency, effectiveness, and compliance in operations.
  7. Contribute to Automation: Assist in automating CMO processes for time-saving and minimizing operational risks.

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