Our Client
Our client is a fast-growing online platform for financing small and medium-
size businesses

Role Purpose:
The role holder will be a detail-oriented and empathetic leader to head up
Compliance and MLRO. The role holder will coach the team to achieve their
personal, professional and performance goals and help to build their knowledge
around complex issues. In addition, the role holder will stay close to their
team as it develops and the broader organisation to deeply understand and
guide the business as it evolves from a compliance and money laundering risk
perspective.

Responsibilities & Activities:
* The role holder will coach the team to achieve their personal, professional and performance goals
* Ensure that Customer Due Diligence (CDD), Know Your Customer (KYC), Know Your Business (KYB), source of funds, client information, client profiling and suitability are in line with regulatory requirements and risk appetite
* Review all compliance policies annually as appropriate and develop any new policies required to meet new business needs. Create and keep up-to-date a compliance manual for staff.
* Conduct and oversee internal reviews or audits periodically to ensure compliance procedures are followed. Work cooperatively with external partners and auditors as and when needed.
* Regularly review the compliance & risk team's performance - use data to drive team performance improvements and identify ways to improve critical metrics and deliverables.
* Provide clear and actionable data and reporting to the broader business.

Requirements - Skills and experience:
* The role holder will have ‎5+ years of Compliance experience in both Regulatory Compliance and the Financial Crime side
* The role holder should have held senior Compliance Manager or MLRO responsibilities previously
* Experience and familiarity with industry system providers and how to integrate providers into new and existing products and operational processes.
* In-depth and practical working knowledge of the compliance, money laundering and KYC decrees in Saudi Arabia
* Experience working with international standards covering: Money Laundering Regulations, proceeds of financial crime, Bribery, Terrorism, Fraud, and other regulations impacting the business.
* Ideally, the role holder will have successfully built teams and processes from scratch before
* Strong data, analytical and problem-solving skills - can deal with problems in a practical and common-sense way, consistently demonstrating sound judgement
* Ideally (not essential), the role holder will have professional certifications for ICA or CAMS

Role details in-depth:
Risk
* Collaborate with the CRO and guide the Risk Committee to set a clear risk appetite for MLRO risks. Lead the compliance team and collaborate with the legal team to embed the risk management framework across the business, then monitor and report on risk.
* Ensure the senior leadership team (outside the Risk Committee) understands the risk profile clearly. Prepare appropriate reports for the senior leadership team or the board demonstrating the effectiveness of the risk management and regulatory compliance framework.
* Conduct risk and control assessments, ensuring risk incidents are recorded, investigated and dealt with accordingly, championing risk across the business to support a risk-aware culture and drive ownership of risks with business owners.

AML
* Work with the business to ensure that the business establishes and maintains appropriate policies, procedures, systems and controls. Review and assess all internal processes to identify actual or potential weaknesses of internal controls and take or recommend all proper actions to strengthen culture, procedures and processes. Ensure AML is considered and informs the structure of any new process where applicable.
* Consider all reports and evaluate whether there is - or seems to be - any evidence of money laundering or terrorist financing. Provide evidence and recommendations to any appropriate committee, including Risk Committee.
* Provide other senior leaders with advice and guidance on all relevant AML and related financial crime obligations and requirements.
* Act as the subject matter expert to product and engineering in developing automated processes for financial crime compliance, including transaction monitoring systems.
* Inform, educate, and train employees on matters that are associated with regulations and industry practices to promote best practices and ensure a good understanding of Financial Crime requirements.

Regulated Business
* Assess the firms' regulatory exposure and work closely with the business to enable it to ensure compliance. Act as the liaison with the regulator in the Kingdom in respect of any direct authorisation application and liaise with the regulators to build solid relationships and resolve any issues.
* Liaise with the regulator throughout any direct authorisation process and, once authorised, act as MRLO.
* Ensure that all regulatory policies and procedures have been documented, implemented, and communicated. Work with the leadership and the broader Risk Committee to ensure appropriate governance.
* Provide support to the senior leadership team in its liaison with regulators, auditors (internal & external), other group companies and external organisations where appropriate.
* Ensure that training provided to staff is in line with regulatory requirements and updated accordingly - where required source and implement appropriate external training.
* Prepare appropriate compliance reports and work with finance and legal to prepare management information required by regulatory agencies. Make sure all reports are provided to regulators in line with reporting obligations.
Halian Group
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