Regional Compliance Manager

2 days ago


Riyadh, Ar Riyāḑ, Saudi Arabia ACWA Power Full time
Roles and responsibilities
  • Implementing the compliance monitoring program in the assigned business regions in liaison with local business leaders and Compliance Champions .
  • Develop, manage and update compliance registers for the assigned business region. Ensure they are uploaded in the relevant Compliance Module on the GRC Platform
  • Arrange and deliver relevant training to action owners and Compliance Champions on compliance monitoring through GRC Platform
  • Monitor Change In Law (CIL) notifications received in accordance with ACWA Power' CIL process and ensure material changes are implemented in the compliance registers on as needed basis
  • Help identifying high-risk regulations and contractual obligations to be included in the compliance register.
  • Support the business owners to complete the compliance self-assessment in relation to the identified compliance registers and requirements
  • Control the quality of the self-assessments and perform required compliance testing.
  • Review and monitor the identified corrective actions.
  • Support Corporate Compliance in delivering Compliance training on "as needed" basis.
  • Support Corporate Compliance in preparing and developing presentations for the Board / Board Committees.
  • Supporting Corporate Compliance in implementing compliance policies at regional level/first point of contact for any related queries.
  • Interaction with other enabling functions at regional level for any compliance related matter
  • Support in performing periodic internal Compliance Management reviews at BU Operations level.
  • Provide opinions to BU Operations on regulatory requirements and standards in alignment with Corporate Compliance department
  • Support implementing Compliance KPIs at regional level
Desired candidate profile

Compliance Program Development
Develop compliance policies: Create and implement policies and procedures to ensure compliance with relevant local, regional, and international laws, regulations, and industry standards.
Tailor compliance programs: Adapt the company's global compliance policies to meet the specific legal and regulatory requirements of the region.
Monitor regulatory changes: Stay up-to-date with changes in local and regional laws and regulations, ensuring that the company's compliance programs are updated accordingly.
Ensure compliance frameworks: Develop and maintain a framework for managing compliance across different departments, including finance, operations, HR, and legal.
Risk Assessment and Mitigation
Conduct risk assessments: Identify, assess, and prioritize potential compliance risks across the region and advise management on how to mitigate them.
Implement risk management strategies: Develop and implement strategies to manage and minimize the company's exposure to compliance-related risks.
Monitor compliance violations: Identify instances of non-compliance and take corrective actions, ensuring that any violations are dealt with promptly and in accordance with company policy.
Coordinate investigations: Lead or participate in investigations related to compliance issues, determining root causes and recommending solutions.
Auditing and Monitoring
Conduct internal audits: Lead or support audits to ensure that business operations in the region comply with internal policies, local regulations, and external standards.
Monitor compliance controls: Regularly review and monitor business activities to ensure adherence to compliance policies, procedures, and legal requirements.
Provide audit reports: Prepare audit findings, including identifying weaknesses or violations, and provide recommendations for improvements.
Track and report on compliance performance: Provide regular reports on compliance performance, highlighting any areas of concern and recommending corrective actions.



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