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Head of Compliance

1.00 to 10.00 Years   Riyadh, Saudi Arabia   15 Jul, 2021
Professional Recruitment
1 Jobs Openings
Job LocationRiyadh, Saudi Arabia
EducationBachelor's degree / higher diploma
SalaryNot Mentioned
IndustryFinancial Services
Functional AreaNot Mentioned

Job Description

Responsibilities and Duties:?

  • Provide and maintain a compliant working environment by adhering to all laws, regulations, and ethical standards.
  • Officer must keep up with current events as they relate to SAMA laws and regulations.
  • Opines on any new regulatory pronouncements or changes and the potential impact they may have on the companys status and operations.
  • Informs COO of any potential regulatory compliance.
  • Maintain all records relevant to company AML compliance and procedures relating to KYC.
  • Conducting or directing the internal investigation of compliance issues.
  • Informing, educating, and training employees on matters that are associated with regulations and industry practices
  • Evaluating business activities, and?assess compliance risk
  • Review KYC documents according to the required SAMA KYC policies.
  • Coming up with effective plans to manage a crisis or compliance violation
  • Looking after records of high-risk clients and report suspicious activities, if any pertains to AML.
  • Staying up-to-date with internal standards and business goals
  • Arranging inspections from third-party organizations and eliminating mistakes in the program, if any.
  • Maintain logs of customer information to ensure the efficiency of the KYC process.
  • Preparing appropriate compliance reports with regulatory agencies
  • Interact and liaise between other companys departments, internal audit, finance team, and regulators.
  • Discussing arising compliance issues with management or employees
  • Conduct periodic testing on laws and regulations pertaining to the company.
  • Ensuring and verifying that all regulatory policies and procedures have been documented, implemented, and communicated.
  • Prepares and submits reports to the management team and regulatory bodies.
  • Performs other compliance-related duties as required.

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