Compliance Manager Required in Saudi Arabia

The Compliance Manager is responsible for ensuring that the organization operates within legal, regulatory, and ethical standards. This role involves designing and implementing compliance programs, policies, and procedures to ensure the company’s activities meet external regulations as well as internal guidelines. The Compliance Manager works closely with various departments to monitor compliance risks, provide training, and ensure the organization’s adherence to all relevant laws and regulations. This role is crucial in protecting the company from legal risks, reputational damage, and financial penalties.

Salary	Market Competitive
Experience	5 years
Location	Saudi Arabia
Qualification	Bachelor’s degree
Posted	15 September 2024
Job Type	Full Time
Posted by	Habeebi Recruiter
last date to apply	apply within 15 days

Key Responsibilities

1. Developing and Implementing Compliance Programs

• Create and oversee the implementation of comprehensive compliance programs, policies, and procedures tailored to meet the organization’s needs.
• Ensure that all business activities are in line with legal requirements, industry regulations, and internal policies.
• Regularly review and update compliance frameworks to reflect changes in laws, regulations, and industry standards.

2. Monitoring and Auditing Compliance

• Conduct regular internal audits and assessments to ensure compliance with all applicable regulations and standards.
• Identify potential compliance risks and work with relevant departments to mitigate these risks before they lead to violations.
• Monitor and evaluate the effectiveness of the company’s compliance programs, making necessary adjustments to improve performance.

3. Advising on Legal and Regulatory Issues

• Act as a subject matter expert, providing advice to senior management and other departments on regulatory and compliance-related issues.
• Stay updated on changes in laws and regulations that affect the organization and ensure the company remains in compliance with any new requirements.
• Liaise with external regulatory bodies, auditors, and legal advisors to ensure smooth communication and compliance.

4. Training and Awareness

• Develop and deliver compliance training programs to employees at all levels of the organization to raise awareness of compliance responsibilities.
• Ensure that employees understand the importance of adhering to regulatory and internal policies by providing ongoing education on new rules and regulations.
• Foster a culture of compliance throughout the organization, encouraging ethical behavior and adherence to company policies.

5. Handling Compliance Investigations and Violations

• Lead investigations into any compliance-related concerns, including reports of misconduct or regulatory breaches.
• Collaborate with the legal department and other stakeholders to ensure that issues are resolved promptly and in accordance with legal and internal requirements.
• Report significant compliance issues to senior management and recommend corrective actions to prevent future violations.

6. Maintaining Documentation and Reporting

• Ensure all compliance activities, audits, and investigations are thoroughly documented and maintained for future reference and regulatory inspections.
• Prepare and present regular compliance reports to senior management and the board of directors, outlining key compliance risks, incidents, and recommendations for improvement.
• Manage the submission of any required compliance reports to external regulatory bodies, ensuring accuracy and timeliness.

Qualifications and Skills

• Bachelor’s degree in Law, Business Administration, or a related field; a master’s degree or relevant certifications (e.g., CCEP, CCO) is preferred.
• Proven experience in a compliance, legal, or risk management role, with at least 5 years in a managerial capacity.
• Strong knowledge of industry regulations, laws, and ethical standards relevant to the organization’s operations.
• Excellent analytical, problem-solving, and decision-making skills.
• Strong interpersonal and communication skills, with the ability to train and influence employees at all levels.

The Compliance Manager plays a critical role in safeguarding the organization by ensuring it adheres to all legal, ethical, and regulatory requirements. This position requires a deep understanding of compliance principles, strong leadership skills, and the ability to navigate complex regulatory environments to minimize risks and uphold the company’s reputation.

How to apply:

Send your updated resume to our email or directly reach us at our phone:

Email:  info@irc.sa

Telephone:  +920003023