Job Detail

Head of Compliance - Forefront Middle East

Date Posted: Feb 16, 2022

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Job Detail

Location:

Riyadh , Saudi Arabia
Company:

Forefront Middle East
Type:

Full Time/Permanent
Shift:

First Shift (Day)
Career Level:

NA
Positions:

1
Experience:

5+ years
Gender:

No Preference
Degree:

NA
Apply Before:

Dec 01, 2022

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Job Description

Our client is a leading regulated Wealth Management company in the Market that preserves multi-generational wealth of clients in the GCC. It identifies investment, assess Return on Investment, and manage clients’ portfolios.

It is currently looking for a Head of Compliance to join its team.

The Head of Compliance ensures compliance with local and international regulatory requirements, liaises and follows up with different stakeholders on compliance issues, conducts regular compliance review and preparation of compliance reports.

The role will report to the Board Director of Group Company.

The role would require the candidate to possess a strong control, audit and management mindset and in particular a good understanding of international regulatory requirements.

Head of Compliance Responsibilities:

Monitor compliance/ corporate governance/CRS/FATCA requirements for KSA and overseas offices
Carry out MLRO tasks for KSA and overseas offices
Carry out regular compliance tests and reviews for external regulatory requirements
Prepare internal MIS and compliance reports
Prepare communication and correspondences for the regulator
Follow up and liaise with other departments on regulatory reporting requirements
Ensure compliance with certain internal policies and procedures managed by Compliance unit
Act as coordination for regular policies and procedures updates across the firm
Monitor level of services with the overseas compliance vendors
Ensure unbiased presentation of performance report s for client letters and presentations
Prepare training material for internal usage
Supervise on various projects undertaken by Compliance department
Ensure compliance with AML/KYC requirements including AML assessment
Monitor AML/KYC matters and other clients documentation
Manage other administrative compliance tasks including and not limited to maintain the compliance internal site and compliance policies and procedures
Coordinate external auditor requirements