Compliance Officer, Finance & Banking

Job Overview

The Compliance Officer is required to assist in the development and co‑ordination of the Compliance and Risk Management Function in KSA. The scope of the role includes supporting the business in meeting applicable regulatory requirements, including data protection and financial crime, and to the group‑wide minimum standards set out in the HBG Principles for Business. The role includes supporting the CRO for IGM & HIBL Int’l Hubs where applicable in establishing and maintaining relationships with key stakeholders including representatives of the Group, the local Executive and management team, external advisors and regulators.

The jobholder will be expected to undertake other ad‑hoc duties or assignments during employment based on operational requirement.

• Responsible for implementing and maintaining an effective but flexible Compliance and Risk Management Strategy and Annual Plan to ensure the on‑going suitability of the Compliance and Risk Management Framework and Function, which keeps up to date with changes in regulatory expectations, as well as the Executive’s strategic initiatives, growth ambitions, operational projects and innovation.
• Produce reports that provide assurance to the Executive in respect of the compliance performance and continued risk profile of the business’ activities. Reporting should support effective decision‑making, identify trends and provide practical solutions to address issues.
• Identify upcoming changes to regulatory expectations or Group requirements and support the business in embedding proportionate policies and procedures that meet these changes.

• Support or manage the annual mandatory training programme to promote awareness of key regulatory matters, support staff with meeting CPD targets (IDD, ACII etc.) and educate all employees on regulatory expectations. Ensure the training is delivered and take‑up is recorded and monitored.
• Work with internal sources of expertise where appropriate (e.g. HR, Training, Legal department, Internal Communications) to deliver training solutions and key messages on regulatory and risk management related topics.
• Maintain the Breach and Risk Event Reporting Process including managing, overseeing and testing whistleblowing procedures.
• Communicate and oversee compliance with standards for the management of suspected incidents of non‑compliance to local Senior Management.
• Support and ensure escalation standards are followed regarding the reporting of incidents of non‑compliance to the local, regional and Group governance bodies and external regulators as appropriate.

• Address technical queries and provide advice, supported by external advisors where necessary, to the business on day‑to‑day compliance and risk management queries.
• Stay abreast of all applicable regulatory requirements (including data protection and financial crime requirements) working with key internal stakeholders as appropriate to ensure that procedures within the business are fit‑for‑purpose to ensure compliance.
• Drive timely and accurate submission of the regulatory notifications and other documents and responses to consultation papers and thematic reviews.
• Support regulatory visits to the business and ensure any outcomes are addressed and implemented as necessary throughout the business.
• Support the effort of implementing and maintaining proportionate risk management (including risk register and associated control framework) in the business.

• Assist in the drafting and creation of Compliance and Risk Management policies and procedures relevant to the regulatory and legal jurisdictions of the trading entity.
• Partner with the business leadership to find effective and efficient methods of simplifying and embedding compliance in their business processes.

• Partner with third parties, regulatory bodies and others as appropriate, serving as a role model for high personal and corporate ethical values and standards of integrity.
• Provide essential input in credibly challenging the management of current…