Title: Head of ComplianceLocation: Riyadh, Saudi Arabia
About the ClientOur client, a leading financial group, is seeking a Head of Compliance to join their team. This pivotal role will oversee the development and implementation of comprehensive compliance strategies, ensuring adherence to regulatory requirements and internal policies across the organization.
Key ResponsibilitiesLead and manage the Group's compliance function, ensuring adherence to all regulatory requirements and internal policies.Develop and implement a comprehensive compliance strategy aligned with the Group's objectives and regulatory obligations.Maintain effective relationships with regulatory authorities, ensuring timely and accurate reporting of compliance-related matters.Identify and assess compliance risks, implementing mitigation strategies to safeguard the Group's operations.Oversee the development and delivery of compliance training programs to enhance awareness across the organization.Provide regular compliance reports to the Board Audit & Risk Committee, highlighting key issues and mitigation efforts.
Key RequirementsMinimum of 10 years in a compliance role within the financial services industry, with at least 5 years in a leadership position.Due to nationalisation, this role requires a Saudi nationalIn-depth understanding of local and international financial regulations, including anti-money laundering (AML), combating the financing of terrorism (CFT), and other relevant compliance standards.Proven ability to lead and develop a compliance team, fostering a culture of integrity and accountability.Strong analytical and problem-solving skills, with the ability to assess complex compliance issues and implement effective solutions.Excellent verbal and written communication skills, with the ability to interact effectively with senior management and regulatory bodies.Excellent verbal and written communication skills, with the ability to interact effectively with senior management and regulatory bodies.
