Risk And Compliance Officer

Job Description

1. Role ObjectiveResponsible for overseeing the activities of the Risk and Compliance function and ensuring that the risk and compliance management processes are conducted in efficient and effective manner. The Senior Risk and Compliance will be responsible for directing the Risk Management activities across Al Khaleej from exposure to risk of legal/ regulatory sanctions and the associated financial / reputation loss as result of failure to comply with applicable laws, regulations, codes of conduct and standards of good practice relevant to Al Khaleej?s activities. 2. Detailed Roles and ResponsibilitiesOPERATIONALv Oversight on the implementation of company?s Anti-Money Laundering and Combat Financing Terrorist (AML/CFT) policies, procedures, systems and controls, including the risk Based approach to ML/risks.v Ensure that appropriate policies, procedures, systems and controls are established, developed day operations for compliance with AML/CFT law, regulations, policies, procedures, systems and control and assess regularly [at a minimum Yearly], review the effectiveness of the same to prevent money laundering and terrorist financing.v Ensuring the AML/CFT monitoring and accountability within the company.v Supporting the coordinating Board?s focus on managing the company?s money laundering and terrorist financing risks in individual business areas.v Lead the identification and assessment of enterprise-wide risks associated with the domestic and international business activities / operations of Al- Khaleej on proactive basis in terms of financial, operational, and reputational factors.v Assist the CEO and senior management in developing and communicate in Al Khaleej?s Risk Management policies and procedures, including risk appetite abd risk limits/tolerance.v Design control activities to measure and monitor risk across the company. Develop a centralized process for aggregating and reporting risk information from various sources to provide a comprehensive view of executive management and the Audit Committee of Al Khaleej?s overall risk exposure.v Lead the identification of risk mitigation strategies for all identified risks face by Al Khaleej in coordination with the Departments / Sections.v Direct the Compliance function in serving as an independent review and evaluation body to ensure that compliance issues / concerns within the organization are being appropriately evaluated, investigated and resolved.v Direct the compliance function in monitoring Al Khlaeejs?s level of compliance to relevant laws, regulations and standards through its regular performance of compliance testing based on the risk assessment exercise.v Oversee the Compliance function in monitoring local and international developments in relevant jurisdictions and in identifying the pertinent rules, regulations and standards that Al KHaleej should comply with.v Report on a regular basis to the Audit Committee and the Executive Management on risk and compliance matters / issues, identified breaches, and the necessary corrective action(s) taken.v Build a platform for effective coordination of Risk Management and Compliance agendas across various functional areas throughout Al Khaleej.v Lead the development and delivery of Risk Management and Compliance training for Al Khaleej employees to ensure that management and staff are equipped to manage risks across the organization.v Keep the CEO and Audit Committee informed of significant Risk and Compliance issues that may jeopardize the achievement of Al Khaleej.v Stay abreast of current and changing trends and leading practices in risk management and compliance management.v Review and approve reports prepared/generated by the Risk and Compliance Section.v Perform any other tasks as directed by the CEO. PEOPLE MANAGEMENTv Ensure that effective performance management and career development systems are established and implemented to measure and manage employee?s performance within the function.v Oversee and approve roles and responsibilities allocated to the Risk and Compliance employees and approve the function?s staff training needs, bonuses / incentives, leave and overtime to ensure smooth and effective functioning of the organization.v Assess the performance of direct reportees, provide appropriate feedback and coaching and review and approve development plans, with a view of enhancing the overall performance of the Group and safeguarding its interests.v Provide employees with a work environment that is open and conducive to effective task performance, personal development and career growth.Skills 1. Educational Qualificationsv Degree in Business Administration, Finance, Law or related discipline2. Experiencev About 5-10 years of related experience of which a minimum of 2-4 years should be in a similar position/responsibility, preferably in a similar Industry.3. Behavioral Competencies4. Technical Competenciesv Communicationv Decision Making and Risk Managementv Leadershipv Problem Solvingv Professional Developmentv Result Orientationv Confidentialityv Acquisition and Contract Managementv Administrativev Advisory and Consultationv Budgeting and Financial Management (Support Functions)v Business Acumenv Compliance and Regulatory Requirementsv Computer Literacyv External Sensitivity/Market Awarenessv Financial and Risk Analysisv Interviewing Techniquesv Investigation and Enforcementv Operations Controlsv Performance Managementv Strategic Planning for Risk and Compliance.

Keyskills :
Anti Money Laundering Risk Management Consulting Risk Management Operational Risk Management Enterprise Risk Management