Compliance Assessment Lead Specialist

About the Role

The jobholders at this level are experienced professionals capable of conducting work with general directions. They are primarily concerned with developing solutions to challenges that require some analysis to understand and resolve, as well as addressing issues escalated from junior levels.

Job Responsibilities

• Periodically identify and evaluate/review existing and new compliance risks (at least every year) through a dedicated risk assessment department, in alignment with the Risk Analysis Department and the Compliance Control Department.
• Continuously measure key risk indicators associated with compliance risk to identify deviations, assess and address root causes of deviations, provide clarifications as a basis for inspection and status reports, and compile recommended plans for mitigation measures if required.
• Regularly follow up with management on the implementation of specific mitigation measures, including updates and ongoing initiatives to improve identified areas based on the consolidated report.
• Develop a compliance reporting framework for risks under the General Directorate of Governance and Compliance's responsibility, including reporting forms, tools, and timelines to allow for appropriate follow-up and continuous reporting.
• Gather inputs from other departments of the General Directorate of Governance and Compliance and integrate reports from concerned entities.
• Take responsibility for the risk assessment, review, and updating methodology in alignment with the Risk Analysis Department.

Job Details

Communication and Contacts

Education

• Bachelor’s degree in Legal Studies, Business Administration, or equivalent.

Experience

• A minimum of 4 years of relevant experience.

Competencies

• Collaboration and Communication - Developing
• Corporate Governance and Compliance - Advanced
• Customer Focus - Proficient
• Enablement of Change and Innovation - Developing
• Legal Writing and Policy Drafting - Proficient
• Legislations and Regulations - Proficient
• Professionalism - Proficient
• Research and Analysis - Proficient
• Results Oriented - Proficient
• Risk Assessment and Management - Proficient