AVP - Compliance Monitoring & Testing (KSA)

JOB PURPOSE

JOB PURPOSE : The TMG Unit is responsible for managing the KSA Compliance monitoring programme (as the second line of defence) to provide assurance that the Bank is operating in line with regulatory requirements and internal compliance policies and procedures. This entails planning, development, and implementation of a risk-based Compliance Monitoring Plan (CMP), working with business units to undertake reviews and issuing reports that provide assurance as well as highlighting deficiencies so that they can be corrected. The monitoring function is responsible for maintaining a log of all compliance related issues across the KSA branch. The function also provides assistance in the development of compliance reports to support the local EXCO, local Compliance Committee and BRCC.

Role Summary

Role Summary : To Join the KSA Compliance Monitoring function and undertake planned risk-based compliance monitoring reviews to ensure the Bank’s Compliance policies and regulatory requirements are being adhered to and escape to the Bank’s senior management events of material non-compliance.

KEY ACCOUNTABILITIES

• Develop compliance testing methodology and testing plans for new and existing services / products.
• Schedule and perform compliance checks based on internal and external regulatory requirements and submit testing reports to senior management.
• Conduct compliance reviews to assess and review compliance with regulatory and internal firm policy requirements.
• Conducting internal reviews periodically to ensure that compliance procedures are followed.
• Work with the business and other stakeholders to design appropriate remedial actions to mitigate identified risks.
• Document and evaluate compliance activities.
• Help compliance management establish and maintain a compliance program and organize training sessions for different department.
• Bachelor’s Degree or Higher in Management, Banking or Finance, preferably with certification in compliance, corporate governance, risk management or internal audit.

8 years’ relevant experience in the banking sector with at least 5 years in similar positions of progressively increasing managerial responsibilities in the compliance or audit function.

Seniority level

Mid-Senior level

Employment type

Full-time

Job function

Other

Industries

Banking

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