Head of Compliance
- الرياض
- دائم
- دوام كامل
- Set goals for team members, supervise staff work, evaluate performance, and support professional development.
- Monitor compliance with Saudi Central Bank policies, regulations, and legal requirements, and ensure no conflict with Jordan's regulations. Report any conflict immediately.
- Review the Code of Conduct and ensure adherence.
- Evaluate compliance procedures for new product launches, mitigate regulatory and reputational risks, and support sound governance.
- Oversee issuance of internal circulars and guidance based on operational updates, in coordination with direct supervisor.
- Develop/update the Compliance Program to ensure adherence to regulatory requirements; submit for board-level approval.
- Conduct regular compliance reviews and assess control measures; report findings and recommendations.
- Maintain disclosure matrices, ensure timely reporting, and update disclosure manuals.
- Respond to branch and department inquiries, offering guidance on compliance matters.
- Review correspondence with Saudi Central Bank and ensure proper authority and format in all regulatory communications.
- Respond to non-standard client letters, suggest standardized templates, and coordinate approvals.
- Review internal systems and procedures for compliance with all relevant regulations.
- Monitor updates from regulators, including IRS/CRS directives, and incorporate into procedures.
- Evaluate non-compliance incidents, identify root causes, and recommend improvements.
- Participate in operational risk workshops and recommend control enhancements.
- Ensure accurate data collection and reporting for FFI/CRS/IRS requirements; monitor certification collection from relevant staff.
- Review and assess compliance risk files and conduct routine control testing.
- Promptly notify the Executive Director/Compliance Committee of any significant failures or violations.
- Prepare periodic compliance reports for executive review and board-level reporting.
- Oversee the Implementation Section to ensure prompt regulatory response and data accuracy.
- Supervise the Self-Monitoring Unit and ensure adherence to updated self-monitoring policies.
- Review internal/external audit and regulatory reports, address noted issues, and prevent recurrence.
- Ensure daily operations are conducted per approved policies and delegated authorities.
- Provide support on FATCA and CRS compliance inquiries.
- Bachelor's degree in business, banking, or related field
- Minimum 10 years of banking experience, including 5 years in a managerial role
- Holds a relevant professional certification per Saudi Central Bank requirements
- Proficiency in written and spoken English
- Strong supervisory and administrative skills
- In-depth knowledge of banking regulations, products, operations, and risks
- Familiarity with Saudi Central Bank laws and systems
- Strong decision-making, analytical, planning, and problem-solving skills
- Ability to work under pressure and in a team