Oversighton the implementation of company’s Anti-Money Launderingand Combat Financing Terrorist (AML / CFT) policies, procedures,systems and controls, including the risk Based approach toML / risks.
Ensurethat appropriate policies, procedures, systems and controls areestablished, developed day operations for compliance with AML / CFTlaw, regulations, policies, procedures, systems and control andassess regularly at a minimum Yearly , review the effectiveness ofthe same to prevent money laundering and terroristfinancing.
Ensuringthe AML / CFT monitoring and accountability within thecompany.
Supportingthe coordinating Board’s focus on managing thecompany’s money laundering and terrorist financing risksin individual business areas.
Leadthe identification and assessment of enterprise-wide risksassociated with the domestic and international business activities / operations of Al- Khaleej on proactive basis in terms offinancial, operational, and reputational factors.
Assistthe CEO and senior management in developing and communicate in AlKhaleej’s Risk Management policies and procedures,including risk appetite abd risk limits / tolerance.
Designcontrol activities to measure and monitor risk across the company.Develop a centralized process for aggregating and reporting riskinformation from various sources to provide a comprehensive view ofexecutive management and the Audit Committee of AlKhaleej’s overall risk exposure.
Leadthe identification of risk mitigation strategies for all identifiedrisks face by Al Khaleej in coordination with the Departments / Sections.
Directthe Compliance function in serving as an independent review andevaluation body to ensure that compliance issues / concerns withinthe organization are being appropriately evaluated, investigatedand resolved.
Directthe compliance function in monitoring Al Khlaeejs’s levelof compliance to relevant laws, regulations and standards throughits regular performance of compliance testing based on the riskassessment exercise.
Overseethe Compliance function in monitoring local and internationaldevelopments in relevant jurisdictions and in identifying thepertinent rules, regulations and standards that Al KHaleej shouldcomply with.
Reporton a regular basis to the Audit Committee and the ExecutiveManagement on risk and compliance matters / issues, identifiedbreaches, and the necessary corrective action(s) taken.
Build aplatform for effective coordination of Risk Management andCompliance agendas across various functional areas throughout AlKhaleej.
Leadthe development and delivery of Risk Management and Compliancetraining for Al Khaleej employees to ensure that management andstaff are equipped to manage risks across theorganization.
Keepthe CEO and Audit Committee informed of significant Risk andCompliance issues that may jeopardize the achievement of AlKhaleej.
Stayabreast of current and changing trends and leading practices inrisk management and compliance management.
Reviewand approve reports prepared / generated by the Risk and ComplianceSection.
Performany other tasks as directed by the CEO.
Ensurethat effective performance management and career developmentsystems are established and implemented to measure and manageemployee’s performance within the function.
Overseeand approve roles and responsibilities allocated to the Risk andCompliance employees and approve the function’s stafftraining needs, bonuses / incentives, leave and overtime to ensuresmooth and effective functioning of the organization.
Assessthe performance of direct reportees, provide appropriate feedbackand coaching and review and approve development plans, with a viewof enhancing the overall performance of the Group and safeguardingits interests.
Provideemployees with a work environment that is open and conducive toeffective task performance, personal development and careergrowth.
Degree inBusiness Administration, Finance, Law or relateddiscipline
About 5-10years of related experience of which a minimum of 2-4 years shouldbe in a similar position / responsibility, preferably in a similarIndustry.
DecisionMaking and Risk Management
Acquisition andContract Management
Budgetingand Financial Management (Support Functions)
Complianceand Regulatory Requirements
ExternalSensitivity / Market Awareness
Financialand Risk Analysis
StrategicPlanning for Risk and Compliance