Senior Compliance Manager

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

Job summary

A leading global investment banking firm in Saudi Arabia seeks a Senior Compliance Manager. This role involves ensuring regulatory adherence, developing compliance policies, and overseeing anti-money laundering processes. Candidates should have significant experience with regulatory authorities and a strong educational background in related fields.

Qualifications

• Direct experience with regulatory authorities like CMA.
• Minimum 8 years of compliance and AML experience in financial services.
• Experience in creating and implementing compliance programs.

Responsibilities

• Ensure compliance with CMA regulations and conduct compliance risk assessments.
• Develop compliance policies and conduct compliance training programs.
• Serve as a liaison with regulatory bodies.

Skills

Regulatory Compliance

Anti-Money Laundering (AML)

Risk Assessment

Communication Skills

Team Leadership

Education

Bachelor's degree in law, finance, accounting, economics, or business

CME1 & CME2 certifications

CAMS, CISI or ICA certifications

Job description

Job Title: Senior Compliance Manager
Reports to: TBC
Role: Full time (Saudi Nationals only, CMA restrictions apply)
Location: Riyadh, Saudi Arabia
The Company
Our client is a leading global full-service investment banking and capital markets firm, that has expanded its presence in the Middle East, with a particular focus on Saudi Arabia. Their partnership culture, the depth of insight they deliver to their clients, and their flat entrepreneurial structure defines them. With their incredible consistency of leadership and strategy, these qualities have fueled their growth across all services.
Job Purpose
The Senior Compliance Manager will play a crucial role in ensuring that the Firm adheres to local and international regulations, legal requirements, and industry standards. You will also provide ongoing support on all compliance and anti-money laundering matters to help meet the Firm s regulatory obligations. You will contribute to the Firm s success by supporting the Senior Management Team in regulatory compliance execution.

Duties and responsibilities
1. Regulatory Compliance & Oversight
Ensure the firm complies with CMA regulations, SAMA guidelines, Anti-Money Laundering (AML) laws, and other applicable financial laws in the KSA.
Develop, implement, and monitor compliance policies and procedures in line with CMA s Investment Funds Regulations, Securities Business Regulations, and Market Conduct Rules.
Act as the primary contact for regulatory bodies like CMA, SAMA, and Tadawul regarding compliance matters.
2. Risk Assessment & Management
Conduct compliance risk assessments to identify potential regulatory risks in investment banking operations.
Implement measures to mitigate risks and ensure the firm operates within legal boundaries.
3. Anti-Money Laundering (AML) & Counter-Terrorism Financing (CTF)
Ensure the firm follows AML and CTF regulations as per CMA s AML/CTF Guidelines.
Oversee the Know Your Customer (KYC) and Customer Due Diligence (CDD) processes.
Report any suspicious transactions to Saudi Arabia s Financial Intelligence Unit (SAFIU) and maintain compliance with SAR filing requirements.
4. Internal Compliance Monitoring & Audits
Develop and implement an internal compliance monitoring program to regularly assess adherence to CMA regulations and internal policies.
Conduct internal compliance audits and work with external auditors to ensure the firm s regulatory compliance.
5. Regulatory Reporting & Filings
Ensure timely and accurate submission of reports to CMA, SAMA, and other regulatory bodies.
Monitor updates in CMA regulations, corporate governance codes, and investment laws, ensuring the firm remains compliant.
Handle regulatory inquiries and provide necessary documentation during inspections, audits, or investigations.
6. Training & Awareness
Conduct compliance training programs for employees, investment advisors, and key stakeholders to ensure awareness of regulatory obligations.
Promote a compliance culture within the firm by emphasizing the importance of ethical and regulatory adherence.
7. Policy Development & Implementation
Draft and maintain the firm s Compliance Manual, Code of Ethics, and Investment Banking Policies.
Ensure policies align with the CMA s Securities Business Regulations, Prudential Rules, and Conduct Rules.
Work with legal, risk, and internal audit teams to implement compliance frameworks.
8. Ethics & Corporate Governance
Oversee adherence to corporate governance frameworks set by the CMA and other regulatory bodies.
Ensure compliance with board governance structures, shareholder protection rights, and disclosure requirements.
Address any ethical concerns and ensure all employees follow the firm s Code of Conduct.
9. Liaison with Regulators & Legal Authorities
Serve as the firm s primary liaison with the CMA, SAMA, and other regulators.
Respond to regulatory inquiries, investigations, and enforcement actions.
10. Handling Market Conduct & Insider Trading Compliance
Monitor trading activities to detect potential market abuse, insider trading, or price manipulation.
Ensure compliance with CMA s Market Conduct Regulations.
11. Product & Transaction Compliance
Ensure all investment banking products, capital market transactions, IPOs, and M&A activities comply with KSA s financial laws.
Review and approve marketing materials, research reports, and investment recommendations.
12. Crisis Management & Regulatory Investigations
Act as the compliance lead in case of regulatory breaches or investigations.
Provide strategic recommendations to senior management to address compliance issues.
Skills and Experience
Experience (is essential to any successful application)
Direct experience in dealing with regulatory authorities such as the CMA
Minimum of 8 years experience of direct compliance and Anti-money laundering experience within the financial services industry.
Direct experience in creating and implementing regulatory compliance programs within a financial services organization.
Proven track record of compliance with program requirements, including testing and risk assessment protocols.
Qualifications
Minimum bachelor s degree from a leading university with a concentration preferably in law, finance, accounting, economics, or business.
CME1 & CME2 is required.
Candidates with CAMS, CISI or ICA certifications are highly desired.
Skills
Strong oral and written communication skills, including effectively interacting at all levels within the firm and regulators.
Motivated self-starter with demonstrable ability to work independently and problem solve.
Proven ability to build partnerships and collaborate with team members and regulators.
Demonstrable organizational and time management skills.
Ability to work well in a fast-paced environment.
Ability to motivate and lead employees and hold them accountable.
Passionate about investing and our impact.

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