Compliance Specialist

Fintech Saudi; Riyadh; On-site; SAR 30,000 - 70,000; Full time

Job summary

An established industry player is seeking a Compliance Specialist to ensure adherence to laws and regulations. This role involves monitoring compliance risks, providing legal consultations, and developing compliance procedures. The ideal candidate will possess strong analytical skills and a solid understanding of regulatory frameworks. Join a dynamic team that values professional development and offers attractive incentives. If you are passionate about compliance and eager to make a difference, this opportunity is for you.

Benefits

Motivating work environment

Attractive incentives

Continuous training

Medical insurance

Opportunities for promotion

Qualifications

• Strong knowledge of legal and regulatory frameworks.
• Experience in compliance monitoring and risk management.

Responsibilities

• Review work issued by departments for compliance.
• Monitor implementation of internal policies.
• Prepare and supervise inspection reports.

Skills

Regulatory Compliance

Analytical Skills

Legal Consultation

Risk Management

Education

Bachelor of Business Administration (Management)

Job description

The job description contains valuable information but suffers from redundancy, lack of clarity, and formatting issues. Here are the suggested improvements:

1. Remove the duplicated 'The Role' and 'Key Responsibilities' sections to avoid repetition.
2. Enhance readability by properly structuring responsibilities and qualifications under clear headings.
3. Use consistent formatting and organize content logically.
4. Ensure all relevant responsibilities and minimum requirements are clearly highlighted.

Below is the refined version with improved structure and clarity:

Job Title: Compliance Specialist

Qualifications:

Bachelor of Business Administration (Management)

Nationality:

Any Nationality

Vacancy:

1 Vacancy

Job Description:

The Compliance Specialist is responsible for ensuring the company's adherence to applicable laws, regulations, and internal policies. The role involves monitoring regulatory risks, providing legal and technical consultations, and ensuring compliance across all departments.

Key Responsibilities:

• Review all work issued by other departments to ensure compliance with relevant laws and regulations.
• Monitor the implementation of internal policies and propose necessary updates and amendments.
• Provide legal and technical consultations to all departments.
• Propose and update rules and regulations, including amendments.
• Offer legal opinions on legislation and regulations submitted by legislators.
• Manage the compliance risk universe, including inherent risk and control effectiveness.
• Develop and oversee the annual compliance plan and inspection schedule.
• Prepare and supervise inspection reports.
• Ensure compliance with new circulars and notices.
• Prepare internal reports on compliance status.
• Develop and update compliance Standard Operating Procedures (SOPs) and commitment policies.
• Monitor internal and external fraud operations, including suspected money laundering and terrorist financing activities.

What We Are Looking For:

The ideal candidate should have strong knowledge of legal and regulatory frameworks, excellent analytical skills, and the ability to provide sound legal advice. Experience in compliance monitoring and risk management is essential.

Benefits:

• Motivating work environment supporting professional development.
• Attractive incentives and performance-based bonuses.
• Continuous training and development opportunities.
• Medical insurance.
• Opportunities for promotion and career growth.
• Work within a dynamic and professional team.

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