Governance Risk and Compliance Supervisor

Raydan Food Company (Public Listed); Jeddah; On-site; SAR 150,000 - 200,000; Full time

Job summary

A leading food service organization in the Makkah Region, Saudi Arabia, seeks a GRC Officer to ensure corporate governance and compliance with regulations. This role involves managing relationships with regulators, developing compliance programs, and overseeing risk management. Candidates should have a degree in a related field and solid knowledge of corporate governance. Excellent communication and collaborative skills are essential for this critical position.

Qualifications

• Required to have a degree in law, finance, business administration, or a related field.
• Disclosure Certificate is necessary.
• Strong knowledge of corporate governance and regulatory frameworks expected.
• Vital for ensuring legal and regulatory compliance.

Responsibilities

• Serve as corporate support for the Board of Directors, organizing meetings and record-keeping.
• Act as primary contact with regulators to ensure compliance with standards.
• Develop and monitor compliance programs relevant to laws and regulations.
• Identify and manage risks to ensure organizational resilience.
• Establish compliance policies and procedures promoting integrity.

Skills

Strong knowledge of corporate governance

Excellent communication skills

Interpersonal skills

Collaboration

Education

Degree in law, finance, business administration, or related field

Relevant certifications in governance, risk management, or compliance

Job description

Position overview

The GRC Officer holds the pivotal role of ensuring the organization operates with integrity, transparency, and full compliance, requiring the adoption of the highest level of corporate governance while acting as the corporate secretary supporting the Board of Directors (BOD) and its Sub-Committees by managing agendas, distributing meeting packs, producing detailed minutes, and executing all necessary post-meeting actions. This role also demands maintaining professional relationships with the Capital Market Authority (CMA) and other regulators to ensure their satisfaction, preparing and executing a yearly compliance plan to address regulatory changes, updating company policies in coordination with department heads, and providing timely advice on regulatory rules to all stakeholders, furthermore, the GRC Officer oversees investor relations, manages announcements on Tadawul and the CMA, develops a Risk Register using the Risk & Control Self-Assessment (RCSA) to evaluate and mitigate all kinds of risks, and prepares for all company AGMs and EGMs, with a solid understanding of legal affairs being essential to effectively achieve these governance, compliance, and risk management objectives, ultimately building stakeholder trust and protecting the company’s reputation.

Key Responsibilities

• Corporate Governance Leadership: Serve as the corporate support for the Board of Directors and its Sub-Committees. You'll organize meetings, prepare agendas, and ensure accurate record-keeping, enabling the Board to make informed decisions.
• Regulatory Relationships: Act as the primary point of contact with regulators. You'll maintain open lines of communication, ensuring we stay ahead of regulatory changes and remain compliant with industry standards.
• Compliance Oversight: Develop, implement, and monitor compliance programs to ensure adherence to relevant laws, regulations, and industry standards.
• Risk Management: Identify, assess, and prioritize risks across the organization. You'll develop and implement strategies to mitigate these risks, ensuring the organization's resilience and proactive management of potential threats.
• Policy Development: Establish and enforce company-wide compliance policies and procedures that promote a culture of integrity and ethical behaviour.
• Training & Awareness: Conduct regular training sessions to educate employees on compliance-related topics, fostering a culture of compliance within the organization.
• Reporting & Communication: Prepare and present reports on governance, risk, and compliance activities to senior management and the board of directors. You'll document incidents and breaches and manage remediation actions.

Qualifications

• A degree in law, finance, business administration, or a related field.
• Disclosure Certificate
• Relevant certifications in governance, risk management, or compliance are preferred.
• Strong knowledge of corporate governance and regulatory frameworks.
• Excellent communication and interpersonal skills.
• Ability to work collaboratively with various stakeholders.
• This role is vital for ensuring that the company operates within legal and regulatory frameworks while promoting a culture of transparency and accountability.