Compliance Manager (Saudi National)

Job description / Role

Company:
Our client is an Islamic investment banks with headquarters in Bahrain. They are currently looking to recruit a Compliance Manager to be based in Khobar

Duties & Responsibilities
• The role holder is responsible for assisting with monitoring the Company’s business compliance with the Saudi Arabian Monetary Agency (SAMA) requirements and regulations including those of international regulators, the Company’s internal policies and procedures. Support the development of a strong and consistent AML/CFT compliance culture across all areas of the Company’s operations.
• Assist the Department Head with compliance matters related to regulators and relevant authorities.
• Assist the Department Head in handling correspondence related matters with all relevant regulators and authorities.
• Assist in the review of investment progress reports and Private Placement Memorandums (PPM).
• Assist the Department Head in the review of the investment documentation for the process of obtaining SAMA approvals.
• Assist in the review of KYCs, transaction monitoring, and financial crime related correspondence.
• Assist in the reporting and reviewing of CRS and FATCA.
• Assist the Department Head in reviewing and updating the relevant compliance department policies.
• Support the Director on ad hoc initiatives as required.
• Take into consideration and incorporate Enterprise wide Compliance initiatives.
• Keep abreast of changes to regulatory and legislative rules and principles including attending lectures, seminars and training courses (where possible).
• Conduct other duties and special project as required.

Requirements

Qualification & Experience
• A Bachelor’s Degree in banking finance or accounting from a reputable higher education institute. Preferably have ACAMs certification.
• 4 to 6 years’ experience in increasingly responsible positions in Compliance or closely related function with exposure to Investment products control or administration.
• A strong Compliance background and the ability to work with and generate complex spreadsheets and other analytical tools.
• Comfortable and mature in dealing with professional staff, business unit heads, traders, senior management and clients.
• Proficient in MS Office (Excel, PowerPoint, Word, Outlook, Explorer, Project).
• Superb interpersonal skills with the ability to instil confidence and build collaborative working relationships.
• Excellent verbal and written communication skills in both English and Arabic.
• Strong organizational and problem-solving skills; able to manage priorities, workflow and own time; strong interpersonal skills.
• Ability to deal effectively with a diversity of individuals at all organizational levels.

About the Company

Propel Consult delivers a service in step with the needs of both our client companies and candidates. Our ability to add value to all levels of recruitment stems from our wholehearted belief in providing a professional service to both parties. We have built relationships with many leading indigenous and mulitnational organisations throughout the Middle East and internationally in countries such as UAE, Qatar, Saudi Arabia, Oman, Bahrain, Kuwait, Egypt and many more. Concentrating our resources has created 5 distinct specialist divisions:

• Banking & Finance
• Human Resources
• Oil & Gas
• Construction
• Architecture & Engineering