Overview
Compliance Manager Jobs in Riyadh, Saudi Arabia at Saudi Entertainment Ventures | SEVEN
Title: Compliance Manager
Company: Saudi Entertainment Ventures | SEVEN
Location: Riyadh, Saudi Arabia
Job Purpose
Supporting the Compliance executive director in setting the strategic direction for the development and implementation of the compliance control framework across the organization. This role ensures that compliance controls are consistently applied and monitored, while overseeing regular updates to the framework to address new compliance risks and regulatory changes.
Managerial Accountabilities
Key Accountability Areas
Key Activities
Strategy and Planning
- Define key elements and criteria for the compliance management control framework, ensuring alignment with regulatory and business requirements.
Stakeholders’ Relations
- Provide consultation to business units and departments on the implementation of compliance controls and monitor their effectiveness.
- Collaborate with internal teams, including the ERM team, to inform them of key compliance risks and ensure alignment between risk management and compliance strategies.
- Engage with external auditors and regulatory bodies as needed to ensure compliance with external requirements and standards.
People Management
- Conduct the performance evaluation in alignment with the HR policies & procedures to ensure appropriate and fair evaluation for subordinates
Functional Accountabilities
Key Accountability Areas
Key Activities
Compliance Control
- Implement and ensure effectiveness of the compliance management control framework, and that controls align with regulatory and business requirements.
- Develop and implement controls for specific compliance risk types, outlining key processes and activities to mitigate risks effectively.
- Regularly review and update control frameworks to ensure they remain relevant to evolving regulations and organizational needs.
Compliance Monitoring
- Monitor the effectiveness of implemented compliance controls through regular assessments and evaluations.
- Develop and maintain mechanisms to track compliance metrics, ensuring controls are consistently applied across the organization.
- Prepare reports on monitoring activities, highlighting gaps, areas of improvement, and corrective measures for senior management.
Compliance Remediation
- Drive the compliance remediation program, ensuring identified non-compliance gaps are addressed in a timely manner.
- Oversee the implementation of corrective actions and track their effectiveness to resolve compliance issues.
- Collaborate with internal and external stakeholders to ensure remediation efforts are thorough and meet regulatory expectations.
Communications & Working Relationships
Key Internal Interactions
- Compliance Executive Director
- Business Unit Leaders
- ERM Team
- R&C champions
Key External Interactions
- External Auditors
- Regulatory Bodies
KNOWLEDGE & EXPERIENCE
KNOWLEDGE
Minimum Qualifications
- Bachelor’s degree in Law, Business Administration, or Finance. Master’s degree preferred
Professional Certifications
- No requirements but relevant certifications are a plus
EXPERIENCE
Required Experience
- Overall 8 years of experience in compliance management, with a focus on developing and monitoring compliance frameworks
- Strong understanding of compliance risk types, local and international regulations, and how to implement effective controls
- Proven experience in leading compliance remediation programs and managing control frameworks across multiple departments
- Strong communication and leadership skills, particularly in consulting with business units on compliance matters