Compliance Officer

The Compliance Officer supports the implementation of controls compliance checks and compliance processes including advisory compliance monitoring and responses to compliancerelated inquiries. He/she executes tasks as per defined procedures to ensure regulatory compliance across the company and their assigned areas and escalates to the relevant stakeholders.

Responsibilities

1) Supports Control and monitors all SAMA observations and coordinates with concerned internal stakeholders to ensure the proper closure and alignment with the target date.
2) Conduct routine review and monitoring based on established procedures to ensure all related rules and regulations have been embedded.
3) Supports in developing maintaining and revising policies and procedures rules & regulations & standard of conduct violations for the general compliance activities.
4) Handles direct contact with SAMA and other authority bodies and follows up on outstanding issues with other governmental agencies.
5) Coordinates compliance activities of other departments to remain abreast of the status of all compliance activities.
6) Identify potential areas of compliance vulnerability and risk and develop and implement corrective action plans.
7) Identifies new trends and new regulatory rules introduced in the Kingdom.
8) Support the setup and implementation of the requirements of regulators.
9) Advise management on the company s compliance with laws and regulations through detailed report.
10) Perform all required filling as per requirement and evaluate all audits and answer all inquiries.
11) Analyze all compliance requirements and design appropriate solutions.
12) Participates in design all compliance policies and procedures and implement all new regulations and statutes.
13) Participates in development and modify all compliance standards procedures and compliance programs.
14) Follow up of all requests observations and violations received from the regulatory & observatory authorities with the related departments.
15) Preparing of Quarterly/ Annual Reports presented to the Audit Committee.
16) Preparing and following up delivery of reports related to the regulatory authorities within the allocated time frame.
17) Ensuring preparing and developing of a data base which reflects all the regulations & rules from the regulatory authorities in a single program on the basis of examining the risk associated with noncompliance by ensuring correct application of regulations.
18) Ensuring regular review of the departments procedures within the organization to ensure compliance with the requirements issued by the regulatory authorities.
19) Ensuring conducting a quick and detailed investigation to all the violations resulting from noncompliance with the regulatory laws along with the proper documentation.
20) Providing second line compliance to support Financial Crime
21) Liaison with Internal Audit to ensure appropriate third line oversight of the requirements issued by the regulatory bodies.
22) Raise escalate and provide feedback on noncompliance with regulations issued by the regulatory authorities supporting management to define and deliver appropriate solutions to mitigate risk.
23) Work with the training and development and Internal Communications teams to design and implement appropriate Compliance education learning and communication for employees.
24) Design and review of the policies & procedures of Compliance to ensure meeting expectations including ones related to the regulatory authorities.
25) Coordinating with the colleagues in all the business departments to determine evaluate & manage the risk associated with noncompliance with the requirements.

Requirements Technical / Functional Skills required

1. Compliance knowledge of local market & advisory skills.
2. Deep knowledge of management legal & general knowledge.
3. Communication skills (persuasion negotiation and writing)
4. Strong Analytical skills.
5. Familiarity with the business.
6. Excellent critical thinking and problemsolving skills.
7. Excellent collaboration communication and relationship skills
8. Comprehensive understanding of businesses structures governance and control frameworks and process & control.
9. The ability to practice oversight knowledge and understanding of all the circulars instructions and policies & procedures issued by the regulatory authorities.

Behaviors / Values required

1. Problem solving and conflict management
2. Efficiencyoriented thinking
3. Highly pragmatic.
4. Teamwork.

Experiences required

Bachelor s degree in Law Business Administration or a related field.
years of experience

Personal Attributes

Excellent written and oral communication skills.
Excellent interpersonal skills.
Strong negotiating skills.
Ability to present ideas in businessfriendly and userfriendly language.
Exceptionally selfmotivated and directed.
Keen attention to detail.
Superior analytical evaluative and problemsolving abilities.
Exceptional service orientation.
Ability to motivate in a teamoriented collaborative environment.

Work Conditions

Oncall availability and periodic overtime.
Sitting for extended periods of time.
Dexterity of hands and fingers to operate a computer keyboard mouse and other
computing equipment.

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