Compliance Officer

Job Reference Number #68996
Job Views : 4774

Roles & Responsibilities:

 

  • Develop and review company policies.
  • Create and manage effective action plans in response to audit discoveries and compliance violations.
  • Regularly audit company procedures, practices, and documents to identify possible weaknesses.
  • Assess company operations to determine compliance.
  • Ensure all employees are informed on the latest regulations and processes.
  • Prepare a checklist for all company departments inclusive all SAMA regulations.
  • Advise management on the company’s compliance with laws and regulations through detailed reports.
  • Resolve employee issue about legal compliance.
  • Implement and manage an effective legal compliance program.
  • Participation in the various committees of the company, if required, specifically those related to the development of the company's procedures and activities
  • Follow-up and remind the company's departments of the final dates of reports and the requirements of the regulatory agencies to meet them.
  • Monitor the activities of other departments and coordinate with them to ensure their compliance with the regulations.
  • Cooperation with the company's departments to provide advice on compliance with regulations and instructions.
  • Submit quarterly reports to the Audit Committee to assess department performance.
  • Perform any other duties assigned by the management.

 

Certifications and experience:

 

  • Minimum Education Level: bachelor’s degree in finance/legal/economics/business
  • Any further professional certification related to compliance and/or anti-money laundering.
  • 2-3 years’ experience in insurance and/or compliance department within a financial/commercial organization
  • Up-to-date knowledge of insurance regulations, rules, guidelines, and laws
  • Arabic and English language capability (good level of both written and oral)




 

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