Investment Banking jobs in Saudi Arabia

HSBC Saudi Arabia provides investment banking services to the full spectrum of corporate and institutional clients in both the private and government sectors, including public companies; private companies and establishments; funds; government agencies; and family businesses and offices.

The role holder is responsible for Regulatory Affairs, including communicating with CMA and for the dissemination of letters and circulars to ensure implementation and for overseeing staff registrations. Incumbent will be required to impact assess new/amended regulations and follow through on implementation. Role holder is also responsible for engaging with Tadawul as required. Role holder will also take responsibility for approval of PAD, Conflict Management and Complaints. Additionally, to provide Advisory support to all Business and Functions within HBSA, this may include training, updating procedures, producing Compliance Charts and reviewing RCAs. Role holder will need to engage with stakeholders and actively participate in Governance forums to provide updates.

• Accountable for communication with the regulators regarding Staff registration:
• Accountable for all HSBC SA staff registration with CMA, change of job titles and canceling their registrations.
• Accountable for providing compliance induction program for all new joiners.
• Manage and monitor Personal Account Dealing activities.
• Monitor Staff Personal Account Dealing activities in Saudi Arabia.
• Responding to the PAD requests for all HSBC SA staff.
• Accountable for implementation of Compliance polices & procedures which related to this role.
• Ensure applicable policies & procedures are implemented and communicated clearly and in a timely manner.
• Periodic reviews consistent with agreed plans and timescales
• Ensure that compliance polices at HSBC SA are up to date and available to staff.
• Keep abreast of changes in regulations for, the implementation / updating the relevant policies, DIMS / Manuals.
• Ensure that the Regulatory Compliance Standards are in accordance to Global Standards and best practices as per the guidelines set by the HSBC SA Board.
• To implement HSBC Saudi Arabia RC Policies and CMA Regulation across Saudi Arabia by advising HSBC employees.
• Perform annual gap analysis exercise and comprehensive and remediation of corresponding action plans to meet the expected standards.
• To support, assist and guidance to line management of business to comply with all relevant external regulations, internal codes/policies and good market practice.
• Provide Compliance support to the business/function in implementing material regulatory change.
• Proactively assist management in identifying and containing compliance risk.
• Assist with any Group/regulatory reporting and ad-hoc projects as required.
• Interact, negotiate and reply with regulatory authorities such as CMA / Tadawul for business compliance-related matters.
• Dispense CMA Announcements related to Business and releasing these to Business heads.
• Collaborate with the receiving party or HSBC SA’s business functions to develop effective action plans to resolve compliance issues or requests raised by the relevant regulatory authority.
• Ensure maintenance of records related to compliance correspondence between HSBC SA and regulatory authorities.
• Ensure all marketing and advertising materials are screened against regulatory and HSBC SA International Standards and provides approvals.
• Provide periodic training to the business related to compliance to ensure that employees are well educated about the latest compliance procedures and best practices.
• Escalate concerns and issues to management as appropriate to ensure timely awareness of any material concerns.
• Ensure that HSBC SA management Committees are updated in a timely manner with relevant information.
• Handling chief control officer (CCO) responsibilities.

• Bachelor's degree in Law, Accountancy, Business Administration or any other relevant field from an accredited university
• Master's Degree in Risk Management is preferred
• Certified Bank Compliance Officer (CBCO), Certified Regulatory Compliance Manager (CRCM), or Certified Regulatory and Compliance Professional (CRCP)

• 3 5 years of relevant experience with at least 3 years in a similar role
• Prior experience in Compliance and Risk Management in the banking/financial sector within is preferred
• Excellent understanding of the local CMA regulatory framework and regulations
• Excellent communication skills both oral and written
• Ability to manage conflicting priorities effectively and proven ability to meet challenging deadlines
• Team player who focuses on delivery and continuous improvement
• Management experience to oversee, manage and develop a team
• Ability to assess business needs and apply regulatory knowledge when providing sound advice
• Experience of interacting and communicating with regulators