Retail Banking Compliance Officer

leading-edge; Jeddah; On-site; SAR 120,000 - 210,000; Full time

Job summary

leading-edge is seeking a highly motivated Retail Banking Compliance Officer to ensure our retail banking operations meet all applicable laws, regulations, and internal policies. You will take ownership of policy development, training, and risk mitigation to safeguard client assets.

The role requires collaboration with internal teams and ongoing monitoring of regulatory changes. A strong foundation in banking regulations and analytical communication skills is essential for success in this

Qualifications

• Bachelor's degree in Law, Finance, or related field.
• 2+ years of experience in compliance, preferably in retail banking.
• Knowledge of banking regulations (Dodd-Frank, USA PATRIOT Act, BSA).

Responsibilities

• Develop, implement, and maintain compliance policies and procedures for retail banking operations.
• Conduct regular compliance reviews and audits to ensure adherence to regulations and internal policies.
• Identify and mitigate compliance risks associated with retail banking products and services.
• Provide compliance guidance and training to retail banking staff.
• Monitor and report on compliance issues and trends to senior management.
• Collaborate with internal stakeholders to ensure compliance with regulatory requirements.
• Stay up-to-date with changes in regulations and laws affecting retail banking.

Skills

Analytical skills

Communication skills

Problem-solving

Teamwork

Independent work

Education

Bachelor's degree in Law or Finance

Job description

Job Summary:

We are seeking a highly motivated and experienced Retail Banking Compliance Officer to join our team. The successful candidate will be responsible for ensuring that our retail banking operations comply with all relevant laws, regulations, and internal policies.

Key Responsibilities:

• Develop, implement, and maintain compliance policies and procedures for retail banking operations
• Conduct regular compliance reviews and audits to ensure adherence to regulations and internal policies
• Identify and mitigate compliance risks associated with retail banking products and services
• Provide compliance guidance and training to retail banking staff
• Monitor and report on compliance issues and trends to senior management
• Collaborate with internal stakeholders to ensure compliance with regulatory requirements
• Stay up-to-date with changes in regulations and laws affecting retail banking

Requirements:

• Bachelor's degree in Law, Finance, or related field
• 2+ years of experience in compliance, preferably in retail banking
• Strong knowledge of banking regulations, including Dodd-Frank, USA PATRIOT Act, and Bank Secrecy Act
• Excellent analytical, communication, and problem-solving skills
• Ability to work independently and as part of a team
• Certified Anti-Money Laundering Specialist (CAMS) or Certified Compliance Professional (CCP) designation preferred