Manager / Senior Manager Compliance

J. Awan & Partners; Riyadh; On-site; SAR 200,000 - 300,000; Full time

Job summary

A leading financial group in the GCC is seeking a Manager/Senior Manager Compliance in Riyadh. The successful candidate will ensure adherence to regulatory requirements and help cultivate a strong compliance culture. This full-time role requires a background in banking and significant experience in compliance, along with superb interpersonal and analytical skills.

Qualifications

• Bachelor's degree required.
• 5+ years in compliance or similar roles.
• Knowledge of CMA and Islamic principles.

Responsibilities

• Monitor compliance with CMA regulations.
• Conduct in-house compliance training.
• Advise senior management on compliance matters.

Skills

Interpersonal skills

Analytical skills

Communication skills

Problem-solving skills

Education

Bachelor's degree in banking finance or accounting

ACAMs certification

Tools

MS Office

Job description

Bachelor of Business Administration(Management)

Nationality

Any Nationality

Vacancy

1 Vacancy

Job Description

Job Title: Manager / Senior Manager Compliance
Reports to: Head of Compliance
Role: Full time
Location: Riyadh, Saudi Arabia
The Company
Our client is a leading and dynamic financial group in the GCC region, with a diversified offering and pioneering track record. Headquartered in Bahrain s Financial Harbour, they are listed on four stock exchanges in the GCC, including the Bahrain Bourse, Boursa Kuwait, Dubai Financial Market (DFM) and the Abu Dhabi Securities Exchange (ADX), where we are one of the most liquid and actively traded stocks.
Their considered approach to Islamic investment banking services has been recognised on the global stage over the past two decades. This underscores their strong and dependable ability to identify and capitalise on diversified investment opportunities in some of the world s most competitive markets.
Job Purpose
The role holder is responsible for monitoring the Firm s compliance with the requirements and regulations of Capital Markets Authority (CMA) including those of international regulators and the Group s internal policies and procedures. Support the development of a strong and consistent compliance culture across all areas of the Firm s operations.


Duties and responsibilities
Your specific duties and responsibilities will include:
Support the Firm s line of business and focus on the development of new products and platforms,providing regulatory guidance and executing on deliverables to ensure compliance with regulatory requirements.
Document, track and follow-up on the development of new projects, collaborating and coordinating across different Line of Business, Group Compliance and Legal department.
Overseeing all AML, CFT and KYC activities and compliance with CMA s Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) Rules.
Ensuring compliance with all Islamic Banking activities, Sharia a principals, labour and commercial law.
Develop and conduct in-house AML, CFT and KYC training courses.
Provide compliance advice and regulatory guidance to senior management across the Group, liaising where appropriate over regulatory inspections/investigations, interpretation of applicable rules, amendments to the existing rules.
Implement key regulatory guidelines such as Corporate Governance, Disclosure Standards, Annual Reports, Insider Trading, etc.
Act as the Firm s prime point of contact in respect of handling internal suspicious transaction reports from staff members, as well as a prime contact for the Financial Intelligence Unit (FIU) of Saudi Arabia, the CMA and any other concerned bodies regarding AML.
Undertake compliance monitoring and surveillance tasks.
Ensure compliance with CMA rules and regulations including dealing with breaches.
Monitor and co-ordinate responses to proposed regulatory changes and consultation papers issued by CMA.
Review management information including information provided by Internal Audit Reports, departmental self-assessments, complaints, errors and omissions.
Assist in identifying operational and regulatory risks.
Develop policies and guidance to ensure the Firm meets its regulatory requirements and effectively disseminate compliance bulletins and produce summaries.
Assist other compliance and internal audit team members where necessary.
Manage compliance matters related to regulators and relevant authorities.
Handling correspondence related matters with all relevant regulators and authorities.
Review investment progress reports and Private Placement Memorandums (PPM).
Review the PPM and other investment documentation for the process of obtaining CMA approvals.
Review of KYCs, transaction monitoring, and financial crime related correspondence.
Reporting of CRS and FATCA to Saudi Authorities in coordination to Group s FATCA/CRS function.
Reviewing and updating the relevant compliance policies.
Support the Group compliance with ad hoc initiatives as required.
Take into consideration and incorporate Enterprise-wide Compliance initiatives.
Keep abreast of changes to regulatory and legislative rules and principles including attending lectures, seminars and training courses (where necessary).
Conduct other duties and special project as required by the General Manager of GCSA and Group Compliance.
Skills and Experience
Bachelor s degree in banking finance or accounting from a reputable higher education institute.
Preferably have ACAMs certification.
5+ years experience in increasingly responsible positions in Compliance or closely related function with exposure to Investment products control or administration.
Knowledge and understanding of CMA objectives/principles for business.
Knowledge and understanding of the Islamic Sharia a Principals.
Good understanding of legal/regulatory procedures, specifically CMA Law and manuals.
A strong Compliance background and the ability to work with and generate complex spreadsheets and other analytical tools.
Comfortable and mature in dealing with professional staff, business unit heads, traders, senior management and clients.
Proficient in MS Office (Excel, PowerPoint, Word, Outlook, Explorer, Project).
Superb interpersonal skills with the ability to instill confidence and build collaborative work relationships.
Excellent verbal and written communication skills in both English and Arabic.
Strong organizational and problem-solving skills; able to manage priorities, workflow and own time; strong interpersonal skills.
Ability to deal effectively with a diversity of individuals at all organizational levels.
Direct experience in dealing with regulatory authorities such as the CMA.
Behavioral Competencies
Building relationships
Delivering excellent service
Communication and personal effectiveness
Teamwork
Innovation and initiative
Industry knowledge: Islamic and Investment Banking
Technical knowledge: Compliance & AML/CTF
Industry knowledge: Investment banking
Technical knowledge: CMA Law/ Compliance in Islamic Financial Institutions

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