Compliance Officer - Cyber Security Framework

We are seeking a dedicated Compliance Officer with a minimum of 2 years of experience and a strong understanding of the Saudi Arabian Monetary Authority (SAMA) regulatory framework.

The ideal candidate will possess comprehensive knowledge of SAMA regulations and guidelines, particularly in the financial services sector.

Responsibilities:

1. Develop and maintain an in-depth understanding of the SAMA regulatory framework, including laws, regulations, and guidelines applicable to the financial industry.
2. Monitor changes and updates to SAMA regulations and ensure timely implementation of necessary compliance measures.
3. Design, implement, and maintain compliance programs and processes to ensure adherence to SAMA regulatory requirements.
4. Conduct regular audits and assessments to evaluate compliance with SAMA regulations and identify areas for improvement.
5. Collaborate with cross-functional teams to ensure alignment of compliance efforts with business objectives.
6. Serve as the primary point of contact for all SAMA regulatory inquiries and audits.
7. Develop and deliver compliance training programs to educate employees on SAMA regulations and best practices.
8. Prepare and submit reports to regulatory authorities as required by SAMA regulations.
9. Stay abreast of industry best practices and emerging trends in regulatory compliance.

Qualifications:

1. Bachelor's degree in Business Administration, Finance, Law, or a related field.
2. Minimum of 2 years of experience in regulatory compliance, preferably in the financial services industry with a focus on SAMA regulations.
3. Deep understanding of the SAMA regulatory framework and its application to financial institutions.
4. Experience in developing and implementing compliance programs and processes.
5. Strong analytical skills and attention to detail.
6. Excellent communication and interpersonal skills, with the ability to collaborate effectively with stakeholders at all levels.
7. Proven ability to manage multiple projects simultaneously and meet deadlines.
8. Relevant certifications such as Certified Regulatory Compliance Manager (CRCM) or Certified Anti-Money Laundering Specialist (CAMS) are a plus.
9. Fluent in both English and Arabic (written and verbal).