Compliance Officer

Banque Saudi Fransi
Saudi Arabia

Ref: GP201-25
Banque Saudi Fransi

The Role


The Role


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 task 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 Bank 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 .

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 activites (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 bank employees.
- Provide information/ documents as requested to the Senior Compliance Officer in compiling the "Compliance Control Plan" of the department to monitor the regualtory 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.

Requirements


Requirements


Qualifications & Experience:
- University Graduate or substantial experience within Compliance/ Risk/ALM/Audit controlling sections in the banking sector.
- 5-7 years of working experience in the banking sector.
- 3-5 years within Compliance/ Risk/ALM/Audit or in a control function.

Knowledge & skills:
- Good understanding of the Retail, Private, Corporate and Investment banking products/ services.
- Good investigative and analytical skills.
- Some experience of writing or helping in preparing departmental documents as per the local regulations and group policies.
- Good analytical skills to interpret the regulations/ banking laws of the kingdom.
- Basic understanding of all the other compliance fields (AML/CTF,KYC, etc).
- Sound experience of meeting tight deadlines and working under pressure.

About the Company


About the Company


Banque Saudi Fransi (BSF) is a Saudi Arabian Joint Stock Company. It is affiliated with Calyon of France, which is rated among the world's top ten banks by total equity.

BSF is a full service commercial bank serving the local and international banking needs of its clients. It is a leading provider of comprehensive financial services and products in the kingdom of Saudi Arabia and other markets.

BSF's high performance and wide customers base is reflected in its strong financial position.
This Position is closed or expired