Job Description
Responsibilities:
- Monitor and interpret changes in relevant laws and regulations.
- Implement and maintain compliance policies and procedures and ensure they are regularly updated based on the new laws and regulations.
- Spread and implement the regulatory requirements awareness in the company as well as evolving best practices in Compliance and Governance.
- Collaborate with department heads to ensure regulatory compliance within their areas of responsibility.
- Evaluate the efficiency of control systems and improve them continuously.
- Develop and oversee control system to prevent or deal with violations of regulatory requirements and internal policies.
- Investigate and report on any compliance breaches or violations.
- Provide guidance and support to the Board of Directors and executive management on compliance matters.
Corporate Governance
- Implement and enhance corporate governance frameworks and best practices.
- Provide guidance and support to the Board of Directors and executive management on corporate governance matters.
- Collaborate with the department heads to monitor enforcement of corporate governance standards and regulations.
- Facilitate Board and committee meetings, ensuring proper documentation and compliance with governance principles.
- Promote transparency, accountability, and ethical conduct throughout the organization.
- Manage and facilitate the company General Assemblies.
Ethical Culture:
- Foster a strong ethical culture within the organization.
- Encourage employees to report concerns and violations through appropriate channels
Training and Education:
- Develop and deliver compliance and governance training programs for employees and stakeholders.
- Keep the organization informed about relevant legal and regulatory changes.
Reporting and Documentation:
- Prepare and submit regular compliance and governance reports to senior management and regulatory authorities.
- Maintain accurate records of compliance activities, including audit findings and remediation efforts.
Skills
Requirements and skills:
- 6+ years of experience in compliance, governance, or a related field, preferably in the retail industry.
- In-depth knowledge of Saudi Arabia's regulatory environment and corporate governance practices and the experience of dealing with the regulators.
- Bachelor's degree in Business, Law, or a related field, Master's degree or relevant certification (e.g., CCEP, CCO, CCP) is a plus.
- Certificate of “IFSAH” by Capital Market Authority is a must.
- Strong analytical, communication, documentation, reporting and leadership skills.
- Ability to work collaboratively with cross-functional teams.
- Excellent written and spoken English and Arabic.
Excellent knowledge of reporting procedure and record keeping
Job Details
- Job Location
- Jeddah Saudi Arabia
- Company Industry
- Retail & Wholesale
- Company Type
- Employer (Private Sector)
- Job Role
- Finance and Investment
- Employment Type
- Full Time Employee
- Monthly Salary Range
- Unspecified
- Number of Vacancies
- 1
Preferred Candidate
- Career Level
- Management
- Gender
- Male
- Degree
- Bachelor's degree / higher diploma
