Senior Compliance Officer

Job Summary and Purpose Assess and evaluate the effectiveness and adequacy of the system established for monitoring the compliance activities external and internal applied within NAKILAT and its Joint Ventures JVs Lead the execution of compliance reviews and testing for NAKILAT and its joint ventures to ensure effectiveness and efficiency of company s compliance programs in line with the applicable standards and regulations Key Accountabilities Testing and Evaluation 1 Develop compliance framework policies and procedures registers and review plans 2 Monitor the company s adherence to respective laws regulations and regulatory developments 3 Develop a defined program that sets out its planned activities e g review of specific policies and procedures compliance risk assessment compliance testing 4 Act as an advisor for compliance laws rules regulations and standards and stay abreast with the latest trends with this regard 5 Manage compliance reviews by performing sufficient and representative testing and prepare frequent reports on the outcomes of the compliance testing 6 Promote compliance requirements to the organization and educate and train relevant stakeholders as required 7 Develop internal compliance policies and procedures to govern the nature and extent of compliance testing 8 Propose action plans to overcome any noncompliance activities 9 Evaluate the control systems to detect any violations with applicable laws and regulations 10 Evaluate the efficiency of existing controls and propose recommendations for improvement 11 Review existing procedures periodically to identify unseen risks or nonconformity issues 12 Collaborate with different functions within Nakilat and its JVs to monitor enforcement of standards and regulations 13 Prepare reports for senior management and external regulatory bodies as appropriate Risk and Control Assessment 14 Evaluate the organizationwide compliance risk assessment monitor and report on compliance trends and risks 15 Identify evaluate and report compliance risks actual and potential associated with the company under the applicable rules and regulations 16 Propose improvement strategies to mitigate existing and or emerging compliance risks 17 Develop compliance testing programs Qualifications Bachelor s degree in Accounting Finance Business Administration or any related field Compliance related certifications in a relevant discipline from accredited institutions is a plus Experience A minimum of 6 years of experience in a similar position preferably in a similar industry Job Specific Skills Knowledge of compliance concepts governance and principles Knowledge of current technological developments trends in compliance areas Knowledge of Microsoft Office and Data Analytics Tools