Compliance Associate or Senior Associate / Saudi Compliance Officer

Position Overview

Our client is a global private markets investment firm focused on providing customized investment solutions, advisory, and data services.

Currently seeking a strong Compliance Associate.

This position will be part of a global compliance team and assist in various aspects of the firm’s Compliance program. The position’s primary responsibility will relate to Saudi Arabia to manage the Saudi compliance calendar, assure necessary filings are completed appropriately and that other relevant obligations are met. In addition, this position will have compliance responsibilities relating to other firm’s jurisdictions globally and will review and approve RFP and DDQ requests from clients and prospects for regulatory compliance, review departmental policies and procedures, conduct testing and monitoring of the firm’s Compliance infrastructure and actively participate in change management to provide guidance on compliance with regulatory requirements for applicable products and services, and undertake other responsibilities as they may arise.

Essential Job Functions

• Understand and remain educated on Saudi compliance regime for financial firms in the Kingdom of Saudi Arabia.
• Manage the calendar for firm’s Saudi subsidiary and timely file relevant filings and reports.
• Participate in the broader global compliance program, including reviewing and approving RFP and DDQ requests from clients and prospects for regulatory compliance.
• Participate in the review and recommendation of policies and procedures to ensure operations are compliant with applicable laws and regulations and necessary Saudi addenda.
• Assist Compliance team with global forms and filings.
• Assist in tracking and managing data collected by Compliance.
• Perform elements of the testing program.
• Draft compliance reports and communicate findings to senior Compliance team members.
• Conduct reviews of alleged compliance violations and escalate to senior Compliance team members.
• Identify regulatory impacts on business units and coordinate with business teams to implement necessary operational or policy changes in response to regulatory change.
• Support product development and process change management by participating in meetings with project teams to ensure compliance with regulations and internal policies and procedures, as applicable.
• Independently research applicable laws and regulations.
• Regularly respond to internal team members regarding questions on compliance issues with appropriate, risk‑based, and properly supported guidance.
• Aid senior Compliance team members in reviewing and analyzing regulatory proposals by various regulatory agencies.
• Draft periodic memoranda on compliance issues.
• Provide AML and KYC support.
• Conduct OFAC and other sanctions checks as needed.
• Coordinate with the Investor Relations team to provide compliance and regulatory support of new product offerings, investor reporting and the development of performance metrics.

Education and / or Work Experience

Required Knowledge, Skills, and Abilities

Other Attributes

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