Head of Compliance

Tharwah; Saudi Arabia; On-site; SAR 300,000 - 400,000; Full time

Job summary

An established industry player is seeking a Head of Compliance to lead its Compliance Department in Riyadh. This pivotal role involves ensuring adherence to SAMA regulations and developing robust compliance and anti-money laundering programs. The ideal candidate will have over 10 years of experience in compliance or risk management, alongside proven leadership skills in a regulated environment. Join a dynamic team dedicated to fostering a culture of integrity and ethical conduct, while making a significant impact on the organization's compliance framework. This is a unique opportunity to shape compliance strategies in a forward-thinking advisory firm.

Qualifications

• 10+ years of experience in compliance, AML, or risk management.
• Proven leadership in a regulated financial environment.

Responsibilities

• Lead the Compliance Department ensuring adherence to SAMA regulations.
• Develop and implement compliance and AML programs.
• Supervise the Compliance team and oversee daily operations.

Skills

Compliance Strategy

AML/CTF Frameworks

Regulatory Reporting

Risk Mitigation

Policy Development

Team Leadership

SAMA Regulations

Financial Crime Compliance

Investigations

Project Oversight

Education

Bachelor’s degree in business administration, Finance, Law, or Risk Management

Master's degree

Job description

Tharwah is a leading Saudi advisory company with four well-established business lines: Consultancy, Training and Development, Assessment, and Pro HR Service. We've proudly served hundreds of clients in both the government and private sectors, achieving thousands of successful transactions.

In August 2024, we will make history as the first Saudi advisory company to be listed in the Saudi Parallel Market (نمو) with 15% of our shares going public.

Job Main Purpose:

One of Tharwah's clients in Riyadh need Head of Compliance to Lead the Compliance Department by ensuring full adherence to Saudi Arabian Monetary Authority (SAMA) regulations and relevant laws. Develop and implement compliance and anti-money laundering (AML) programs while cultivating a culture of integrity and ethical conduct across the organization.

Job Duties & Responsibilities:

Operational & Managerial Responsibilities:

• Develop and lead a robust Compliance and AML/CTF program to ensure regulatory adherence.
• Supervise the Compliance team and oversee daily operations of the department.
• Establish and maintain compliance policies and procedures aligned with regulatory frameworks.
• Identify, assess, and report suspicious transactions to appropriate regulatory bodies.
• Lead risk mitigation strategies to minimize financial, operational, and reputational risks related to non-compliance and AML.
• Ensure timely implementation of regulatory updates and industry best practices.
• Lead compliance audits and respond to regulatory reviews and examinations.
• Direct customer due diligence processes, KYC initiatives, and internal investigations.
• Manage SAMA interactions and relationships with other regulatory and financial intelligence units.
• Oversee AML technology projects and ensure integration with business requirements.

External Communication and Internal Communication:

External:

• Saudi Central Bank (SAMA)
• Financial Intelligence Units and other Regulators
• External Legal and Compliance Consultants
• External Clients (on AML-CTF guidance)

Internal:

• General Manager and Senior Leadership
• Risk Management, Legal, and Operational Departments
• Staff and Department Heads (for compliance training and advisory)
• Project Teams (for cross-functional initiatives)

Required Qualifications & Experience

Education:

• Bachelor’s degree in business administration, Finance, Law, Risk Management, or a related field.
• A master's degree is preferred.

Experience:

• 10+ years of relevant experience in compliance, AML, or risk management.
• Proven leadership experience in a regulated financial environment.

Professional Certificates:

• Certified Compliance Officer (CCO)
• Certified Anti-Money Laundering Specialist (CAMS) or equivalent

Special Requirements:

• SAMA non-objection/approval required.
• Saudi Nationality is mandatory.

Industry:

Banking & Financial Services / Regulatory Compliance.

Employment Type:

Full-time.

Job Functions:

Compliance | Risk Management | Regulatory Affairs | Financial Crime Prevention.

Skills:

Compliance Strategy · AML/CTF Frameworks · Regulatory Reporting · Risk Mitigation · Policy Development · Team Leadership · SAMA Regulations · Financial Crime Compliance · Investigations · Project Oversight.