Senior Manager Regulatory Compliance Retail

Senior Manager Regulatory Compliance Retail Job Description & Accountabilities

Senior Manager Regulatory Compliance leads a small group of compliance professionals for Retail Banking Group Compliance areas. This role plans, implements and follows up on Compliance issues and is typically the content expert for his area of responsibility.

Responsible for all testing and monitoring mandated under the Compliance control. Identifies areas to address through testing and monitoring to prevent breaches of SAMA rules, policies and external regulations and to ensure controls are implemented correctly.

A senior professional with significant compliance and people management capabilities. Reports directly to the Head of Regulatory Compliance.

Enhances the effectiveness of the compliance risk by arranging risk assessments and identifying controls to mitigate identified risks.

Works closely with the Businesses on new and existing services / products to analyze risk elements and advise on required actions.

Promptly reports any suspicious activity and issues in due diligence standards to the Head of Compliance.

Supports the Manager in ad-hoc projects to promote the compliance culture within BSF, during inspection visits (internal and external) and to fulfill compliance reporting requirements from senior management.

Responsible for engaging with Internal and External Auditors and regulator inspectors professionally and tactfully during inspection visits.

Provides direction and guidance to the team on delivering the department\'s responsibilities; arranges control self-assessment meetings and trainings for the Compliance team.

Ensures that all testing and monitoring are undertaken effectively and that all reports are submitted complete, accurate and on time.

Develops and maintains comprehensive procedures to avoid misunderstandings among staff involved.

Keeps detailed records of all compliance testing and reviews and provides timely responses to all requests.

Supervises Compliance officers who work with the Businesses on new and existing services and products to analyze risk elements and advise on actions needed.

Ensures that all BSF standards and requirements are met by each department member.

Reviews related policies and procedures, documents, agreements, forms, terms and conditions, marketing materials and contracts.

Provides advice to business lines from a regulatory perspective.

Validates implementation of related SAMA circulars and collects evidences as per the compliance procedure manual.

Qualifications & Experience :

Bachelor Degree in Finance or Business

8-10 years banking experience in related field

5-7 years within Compliance / Audit areas of the bank

Knowledge & Skills :

Excellent understanding of the Retail, Wealth Management and High Net Worth areas and products / services

Excellent analytical and investigative skills

Seasoned experience of writing policies and departmental documents in compliance with regulations

Excellent analytical skills to interpret the regulations / banking laws of the Kingdom

Good understanding of all the compliance fields

Sound experience of meeting tight deadlines and working under pressure

Sound experience of leading teams

Seniority level

Director

Employment type

Full-time

Job function

Other

Industries

Banking

Riyadh, Riyadh, Saudi Arabia 22 hours ago

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