Job Purpose:
Compliance Officer works in the Compliance Control Department under the supervision
of the 'Senior Compliance Officer' but with a reasonable independence to meet the
departmental objectives and tasks by working on their own within agreed/defines
timelines. Compliance Officer assists the Senior Compliance Officer in monitoring and
reporting non-compliant activities within the BSF Business Lines/Support Divisions. This
role also assists the Senior Compliance Officer in the development and implementation
of the annual compliance plan activities related to the department successfully by liaising
with the other departments of the bank.
Accountabilities:
•Assist the Senior Compliance Officer in providing consultation to the Business, Lines on regulatory matters by extracting relevant information from the regulatory documents or as advised.
•Escalate any regulatory risks arising from the Business Lines/Support Divisions' activities to the Senior Compliance Officer in a timely manner for further guidance.
•Support the Senior Compliance Officer in employee trading activities (investment accounts) to combat 'Insider Trading' and help in implementing surveillance risk controls.
•Assist Senior Compliance Officer to keep the compliance manual always up to date as per the SAMA regulations and present it as a reference documents for the BSF employees.
•Provide information/documents as requested to the Senior Compliance Officer in compiling the 'Compliance Control Plan' of the department to monitor the regulatory related activities through assessments.
•Reporting to Senior Compliance Officer any lapses in the activities related to regulations noted during assessments.
•Assist the Senior Compliance Officer in preparing compliance reports for the senior management and the Chief Compliance Officer and take appropriate actions if required under the guidance of the Senior Compliance Officer to avoid regulatory breaches.
•Prepare outgoing departmental communications for the new or amended regulatory rules under the guidance of the Senior Compliance Officer .
•Assist the Senior Compliance Officer in making training material/presentations for the Business Line's on SAMA's regulatory requirements.
•Keep an up to date file with all the latest SAMA, CMA etc. circulars for any future referencing.
•Assist in enforcing regulatory rules across the bank.
Job Details
| Date Posted: | 2013-04-20 |
| Job Location: | Riyadh, Saudi Arabia |
| Job Role: | Accounting/Banking/Finance |
| Company Industry: | Banking |
Preferred Candidate
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