Overview
Senior Compliance Specialist Jobs in Riyadh, Saudi Arabia at MIS Pay
Title: Senior Compliance Specialist
Company: MIS Pay
Location: Riyadh, Saudi Arabia
Description:
We are seeking a highly skilled and experienced Senior Compliance Specialist to join our team, focusing on compliance with Saudi fintech regulations and the requirements of the Saudi Central Bank. In this critical role, you will ensure our organization adheres to internal policies, industry regulations, and legal standards governing our operations. As a Senior Compliance Specialist, you will play a crucial role in analyzing compliance risks and developing effective strategies to mitigate them within the context of the Saudi market. You will collaborate closely with various departments to provide guidance on compliance matters, implementing monitoring procedures to assess the effectiveness of compliance controls. The candidate will have a strong understanding of local regulatory frameworks and a proactive approach to compliance management. Your expertise will help promote a culture of compliance, ensuring all employees understand the significance of adhering to established policies and procedures. This is an excellent opportunity for a dedicated compliance professional looking to make a significant impact in a dynamic regulatory landscape in Saudi Arabia. You will be instrumental in ensuring our organization remains compliant with all relevant statutes while maintaining our reputation as a trustworthy and reliable entity within the fintech industry.
Responsibilities:
Develop and implement compliance policies and procedures tailored to address specific Saudi regulatory requirements.
Conduct regular compliance audits and risk assessments to identify potential vulnerabilities and compliance risks, particularly in the context of Saudi fintech laws.
Provide training and guidance to employees and management on compliance-related matters and best practices in line with Saudi regulations.
Monitor and analyze changes in regulations, ensuring company policies reflect those changes promptly and accurately to maintain compliance.
Collaborate with cross functional teams to ensure compliance initiatives are effectively integrated into business operations.
Prepare and submit required compliance reports to Saudi regulatory authorities and internal stakeholders in a timely manner.
Investigate compliance issues and work with relevant parties to develop corrective action plans when necessary.
Requirements:
Bachelor’s degree in a related field; an advanced degree or certifications (e.g., CCO, GRCO) preferred.
Minimum of 5 years of experience in compliance, regulatory affairs, or a similar role within a corporate environment, preferably in fintech.
Knowledge of applicable Saudi laws and regulations affecting the industry, including data privacy and financial regulations.
Strong analytical skills with the ability to assess complex regulatory issues and develop practical solutions.
Excellent communication skills, both written and verbal, with the ability to convey compliance matters to various stakeholders.
Proven ability to work independently as well as collaboratively in a team environment.
Strong organizational skills and attention to detail with the ability to manage multiple projects simultaneously.
