Financial Compliance Officer

Job Title: Compliance Officer

Job Description:

As a Compliance Officer, your primary responsibility will be to ensure the company's adherence to all applicable laws, regulations, and internal policies. This role involves a comprehensive review of existing policies, guaranteeing their relevance and compliance with legal requirements, and recommending new policies when needed. The Compliance Officer conducts regular assessments of the company's operations to confirm that all procedures, processes, and practices align with legal and regulatory standards.

Role Purpose:

The Compliance Officer plays a crucial role in upholding legal and regulatory compliance within the organization. Their responsibilities encompass monitoring company activities, identifying potential compliance risks, and taking corrective action to ensure full compliance with legal and regulatory obligations. Additionally, this role involves implementing internal controls, delivering compliance training and guidance, and conducting internal audits.

About the Role:

As a Compliance Officer, your responsibilities include ensuring the company's compliance with all applicable laws and regulations, offering advice on regulatory matters, monitoring compliance policies and procedures, investigating potential regulatory breaches, and developing training programs to ensure staff awareness and adherence to regulations. You will also liaise with regulatory authorities and provide guidance on compliance matters.

Key Duties:

Perform risk assessments and reviews to confirm compliance with laws and regulations.

Monitor legislative changes and advise management on necessary compliance actions.

Develop and implement policies and procedures to ensure adherence to regulations.

Provide staff training on topics such as anti-money laundering and data protection.

Assist in the preparation and submission of regulatory returns and reports.

Collaborate with external regulatory bodies to ensure the company's compliance.

Conduct internal investigations into compliance issues.

Stay informed about legal and regulatory developments.

Identify potential compliance risks and take appropriate measures to mitigate them.

Required Skills:

• In-depth knowledge of banking regulations and laws.

• Excellent analytical and problem-solving abilities.

• Confidence in making decisions.

• Exceptional attention to detail and accuracy.

• Strong interpersonal and communication skills.

• Personal Traits:

• Highly organized.

• Detail-oriented.

• Capable of working independently.

• Excellent communication skills.

• Profound understanding of banking regulations.

Requirements:

• A relevant degree in finance or a related field.

• Knowledge of banking industry regulations.

• Exceptional problem-solving and communication skills.

• Strong attention to detail.

• Ability to perform effectively under pressure.

• Excellent oral and written communication skills (including report writing) in both English and Arabic.

• A minimum of 1-2 years of experience in a compliance/internal audit department of a financial institution or regulatory agency, preferably in the compliance or internal audit function.

• A bachelor's degree with professional qualifications such as CPA, CIA, or CA.

sadad payment solution is an equal opportunity employer. We value diversity and are committed to creating an inclusive workplace for all team members. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.