Head Of Compliance (Saudi National Only)

Company Name: The Family Office Company BSC (c)
Location: SaudiArabia

Job Summary:

Key responsibilities: ensure compliance with local and international regulatory requirements, liaison and follow up with different stakeholders on compliance issues, conduct regular compliance review and preparation of compliance reports.

The role will report to the Board of Managers and Group Head of Compliance. The role would require the candidate to possess a strong control, audit and management mindset and in particular good understanding of local and international regulatory requirements.

Role and Responsibilities

•          Monitoring compliance/ corporate governance/CRS/FATCA requirements for KSA and overseas offices.

•          Carry out MLRO tasks for KSA.

•          Carry out regular compliance tests and reviews according to regulatory requirements including for overseas offices

•          Preparation of internal MIS and compliance reports.

•          Prepare communication and correspondences for the regulator.

•          Follow up and liaise with other departments on regulatory reporting requirements.

•          Ensuring compliance with certain internal policies and procedures managed by Compliance unit.

•          Act as coordination for regular policies and procedures updates across the firm.

•          Monitoring level of services with the overseas compliance vendors.

•          Preparing training material for internal purpose.

•          Supervise on various projects undertaken by Compliance department.

•          Ensure compliance with AML/CFT/KYC requirements including AML assessment.

•          Ongoing monitoring of AML/KYC matters and other clients' documentation.

•          Managing other administrative compliance tasks including and not limited to maintaining the compliance internal site and compliance policies and procedures.

•          Coordination with external auditor requirements.

• Creation and maintenance of compliance monitoring program and proposing efficient automated/ digitized solutions 

Qualifications and Education Requirements

•         Minimum of 5 years' experience in Compliance role with a CMA licensed firm.

•         Bachelor’s degree in accounting, Business, Finance or equivalents.

•         Professional qualifications (CME1 & CME2, CPA, ACCA, ICA, CAMS)

Knowledge SKILLS, ability and competencies

•         Knowledge of the local and international rules and regulations governing the licensing requirements and the Anti-Money Laundering and Counter Terrorism Financing rules and regulations.

•         Knowledge of FATCA/CRS requirements.

•         Proven analytical and audit skills.

•         Effective communication and management skills.

• Proactive focus on regulatory risk identification and mitigation

This role is only for Saudi Citizens. The job post will be closed by November 11, 2019.

• Seniority level

  Mid-Senior level

• Employment type

  Full-time

• Job function

  FinanceLegalAccounting/Auditing

• Industries

  Investment ManagementBankingAccounting