Head of Compliance - Riyadh, Saudi Arabia

Up to $130k USD + benefits + relocation package for overseas candidates

Working with a leading banking/ financial services client based in Riyadh, Saudi Arabia. Open to Saudi nationals & Western applicants open to relocating.

Accountable For:

- Ensuring compliance with applicable laws, rules, regulations, and guidelines

- Advocating and facilitating the development, implementation, communication and maintenance of compliance across all country operations, working closely with country functional heads

Key Duties:

- Responsible for developing a country specific compliance strategy & procedures to ensure ongoing compliance, consistent with applicable laws and regulations

- Partner with country functional heads to ensure respective procedures accurately reflect compliance requirements

- Maintain current understanding of Country Risks including regulatory requirements, bank products, services, and customer types (e.g. Risk Control Matrix)

- Ensure continuous enhancement of awareness and knowledge of compliance guidelines and requirements through preparation and dissemination of compliance communications and education

- Identify opportunities for improvement, establish action plans, and lead initiatives to further strengthen the Country compliance program

- Review new products and services to ensure that all regulatory rules and guidelines are reflected in the policies and procedures

- Liaison with regulators as appropriate

- Communicate significant issues to Country Head and senior management

Job Requirements:

Education:

Degree qualified- advance/ graduate degree preferred.

Experience:

6 years minimum compliance experience with a leading Regional/ International institution

Competencies:

Fluent in English

Arabic speaking skills a bonus

Strong analytical skills

Good presentation, communication, and interpersonal skills

Good understanding of compliance practices and regulations

Benefits:

Fantastic relocation package including initial set up costs, flights and visas.

CEO of the bank has put new plans in place to turn around the whole company. There is a new, very strong management team in place with a strong structure with good operating and development plans.

Package including great Salary, Bonus, Grants, Accommodation Allowance, Education Allowance - All tax free

To apply in confidence please email your CV and your initial thoughts on Saudi Arabia to fs@firstresortrecruitment.com