A leading development finance client of ours, with a strong regional presence, is currently seeking to hire a Chief of their Compliance & Integrity Division, to be based in Riyadh, Saudi Arabia.

Responsibilities:

• Contribute to the preparation of periodic reports and required data, in support of achieving BADEA’s compliance and integrity objectives and strategic aspirations.
• Contribute to the design, development, and enhancement of the Compliance and Integrity Unit’s policies, procedures, and overall framework at BADEA, and oversee the implementation of the approved framework to ensure the effectiveness and adequacy of established controls.
• Participate in the development of compliance risk assessment criteria for BADEA in accordance with applicable laws, regulations, and international best practices adopted by comparable international financial institutions.
• Oversee the assessment of compliance risks related to all financial and administrative transactions of BADEA.
• Develop standards and methodologies related to Know Your Customer (KYC) and related due-diligence activities in line with recognized international best practices.
• Identify and monitor changes in relevant laws, regulations, and regulatory requirements, and periodically assess their impact on BADEA’s operations and compliance framework.
• Conduct periodic reviews with department directors and section heads to assess compliance risks and recommend appropriate mitigation and corrective measures.
• Develop, maintain, and update compliance risk analyses to support the effective management and monitoring of BADEA’s compliance risk indicators.
• Prepare and submit periodic reports to Senior Management on identified compliance activities, associated risks, and corresponding action plans aimed at mitigating or reducing such risks.
• Liaise and coordinate with staff of the relevant departments, as required by the nature and needs of the work.
• Coordinate and maintain effective working relationships with other departments within BADEA, in line with operational requirements.
• Engage and coordinate with external consultants, where appointed, for the purpose of reviewing and assessing risks at BADEA.
• Perform any other related duties as may be assigned by Management from time to time.

Requirements:

• A university degree in Accounting, Economics, Finance, Business Administration, or an equivalent discipline.
• A master’s degree or equivalent professional qualification is preferred.
• A recognized professional certification in Compliance and Integrity (such as CCEP, CCO, CRCMP) and/or in Anti-Money Laundering, Counter-Terrorism Financing, and related financial crimes (AML/CTF), or equivalent, is preferred.
• A minimum of six (6) years of relevant professional experience in a similar role, preferably including at least two (2) years with comparable international or multilateral development institutions.
• Full professional proficiency in Arabic, in addition to English and/or French; proficiency in both English and French is considered an advantage.
• Proficiency in the use of computers and information systems relevant to administrative and operational functions.
• Strong capabilities in planning, analysis, assessment, monitoring, and benchmarking related to the functions of the unit.
• Demonstrated skills in conflict management and dispute resolution.
• Advanced ability in the preparation, monitoring, and follow-up of reports, performance indicators, and data analysis.
• Proven capacity to plan, prepare, and oversee the implementation of approved operational programs and action plans of the unit.
• Sound knowledge of relevant international regulatory and compliance frameworks, including:

  • Anti-Money Laundering, Counter-Terrorism Financing, and related financial crimes (AML/CTF).
  • The U.S. Foreign Account Tax Compliance Act (FATCA).
  • Politically Exposed Persons (PEP) lists and their implications for credit and risk-based decision-making.

Contractual Information:

• Permanent.
• Willing and able to relocate to Saudi Arabia for the opportunity.