| Risk and Compliance Manager | |
| Royal & Sun Alliance (RSA) - Al Alamiya Khobar, Saudi Arabia Ref: HP767-02 |
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The RoleThe RoleOne of the world’s leading insurance company’s Saudi Arabia and Bahrain operations is currently seeking a self-motivated and result oriented person to fill the role of Risk & Compliance Manager. In this position, you will be reporting to the CEO and will provide a provisional R&C services from your base office (Al Khobar or Bahrain) to our existing operation in Saudi and Bahrain. The key duties of the R&C Manager are the following: · To manage the regional risk & compliance function in the implementation of Group Risk Policy. · To lead and assist the local operations in the implementation of the Group’s risk management and compliance strategy, policies and standards. · To provide a supporting/functional reporting line to the local operations’ compliance staff. · To ensure that local risk & compliance staffs are in place as required and to advice on their appointment. · To produce and execute an annual Risk & Compliance Monitoring Programme and report to territorial management on progress. · To ensure the timely submission of monthly reports from local risk & compliance staff and prepare monthly reports for territorial management, as required. · To immediately report any material or significant breaches of the Rules or internal procedures to territorial management. · To ensure that appropriate regional policies, standards, procedures and controls are documented and implemented effectively by Operations. · To prepare, monitor and report risk and compliance information to meet the requirements of the risk management framework. · To monitor and challenge the effectiveness of local risk management, compliance with agreed policies and standards and actions taken in the event of detected weakness or breaches. · To provide staff training and awareness-raising on risk management issues and requirements. · To ensure that risk management and compliance resources are sufficient, both in terms of quality and quantity. · To specifically ensure that all Group Policy Statements are implemented in the territories and to monitor compliance. · To manage the HLRA and risk processes in the territories. · To take charge as the Compliance Officer for the proposed new company to be registered in KSA and to deliver on all the responsibilities in this role. · To develop a robust compliance framework in KSA post IPO. |
RequirementsRequirementsExperience required: · 5 years working experience in a similar role preferably in an international/multi-national company. · Knowledge of Insurance laws Saudi/Bahraini and exposure to regulatory bodies such as SAMA, CMA, CCHI, CBB and others. Knowledge/ Educational requirements: · Should hold a Bachelors Degree, Insurance education and MBA is desirable. · Fluency in English, Arabic is an advantage. · Strong PC skills with Ms Office and Lotus Notes. Personality requirements: · The successful candidate is a self-starter, able to work independently who can immediately take lead in the job. · Should have good influence and negotiation skills and thorough understanding and respect for different cultures. · Should have strong people & team building skills. · Should be performance driven and results oriented. |
About the CompanyAbout the CompanyRoyal & Sun Alliance (RSA) is represented in Saudi Arabia through its agent Al Alamiya for Commerce & Services which has traded in the country since 1976. The company brings together as its shareholders the RSA Group, four prominent Saudi families and one of the Kingdom's leading banks- Riyad Bank. As a top five international insurance company in the kingdom, our major strength over the years has been our reputation for quality, integrity and professionalism. Many of our high profile Saudi customers have been with Al Alamiya for over two decades and the business has provided itself to be a good role model of international expertise and local shareholder strength. Al Alamiya is thus well on its way to emerging as one of a select group of substantial companies in what will eventually become a well structured and eagerly sought after market place, employing a robust strategy that builds on a successful 30-year model in the Kingdom. |
This Position is closed or expired
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