Head of Compliance

Roles and responsibilities

Acting as trusted advisor of the country management on all Compliance related topics
Proactively creating awareness for, anticipating and mitigating Compliance risks in Saudi Arabia
Ensuring implementation of guidelines and regulations and execution of the operational Compliance Processes as well as Compliance controls
Contributing to the set-up and continuous improvement of the Compliance System
Ensuring continuous knowledge exchange with Compliance colleagues in the MEA zone and the headquarter, including knowledge management in Global Topic Groups
Conducting Compliance Trainings
Supporting Compliance investigations and audits
Supporting special task assigned by the responsible Head of Compliance for the MEA zone, e.g. contributing on specific compliance topics, ad hoc support in other MEA countries
Driving efficiency programs in the Compliance organization in MEA and beyond
Participation in relevant industry associations and support collective actions and other Compliance awareness initiatives
. Regulatory and Legal Compliance Management:
Developing Compliance Programs: Create and implement comprehensive compliance programs, policies, and procedures to ensure that the organization adheres to legal, regulatory, and ethical standards.
Monitoring Changes in Regulations: Stay updated on changes in laws, regulations, and industry standards that affect the organization, and ensure that the organization adapts to these changes.
Ensuring Compliance Across All Areas: Oversee compliance in various departments, including finance, operations, marketing, human resources, and IT, ensuring alignment with both local and international laws.
Managing Regulatory Reporting: Ensure that all required reports, filings, and documentation are submitted accurately and on time to regulatory bodies.
2. Risk Management and Mitigation:
Conducting Risk Assessments: Identify potential compliance risks through regular risk assessments and audits across the organization.
Developing Risk Mitigation Strategies: Create and enforce strategies to minimize or eliminate compliance risks and ensure the company avoids legal or regulatory penalties.
Incident Management: Investigate and resolve compliance issues, regulatory breaches, or ethical violations. Work with relevant departments to implement corrective actions to prevent recurrence.
3. Internal Training and Awareness:
Training Programs: Develop and deliver compliance training programs for employees at all levels to raise awareness of compliance policies, ethical standards, and the consequences of non-compliance.
Promoting a Compliance Culture: Foster a culture of compliance within the organization by ensuring that compliance is seen as a priority at all levels and encouraging employees to report issues or concerns.

Desired candidate profile

University degree in business administration, engineering or law or an equivalent combination of education and experience
Professional experience in Compliance, Project Management, Accounting and/ or an operative business function in an international company of at least 3 years
Strong leadership, interpersonal and teamwork skills, ability to be a trusted partner of the management
Excellent business acumen; knowledge of the Healthcare business is a plus
Ability to communicate efficiently.
Experience in cooperation in a project team and disciplinary or functional management
Excellent English and Arabic language skills.
Readiness to travel occasionally within the Kingdom as well as to UAE or other MEA countries
Internal Audits and Monitoring:
Conducting Internal Audits: Oversee or conduct internal audits to ensure that the company is consistently following compliance procedures and policies.
Continuous Monitoring: Implement monitoring systems to continuously track the organization’s compliance status and identify areas of improvement.
. Regulatory Relationship Management:
Liaising with Regulators: Maintain relationships with regulatory bodies, auditors, and industry associations to ensure the organization is well-informed of any regulatory changes and is in compliance with all requirements.
Managing Regulatory Investigations: Act as the primary contact for regulatory investigations or inquiries. Lead the organization’s response to audits, investigations, or enforcement actions by regulatory authorities.
Reporting and Documentation:
Compliance Reporting to Management: Prepare and present regular reports on compliance activities, risks, and breaches to senior management and the board of directors.
Documenting Compliance Procedures: Maintain accurate records of compliance audits, investigations, training sessions, and corrective actions taken. Ensure that documentation is up-to-date and easily accessible.