Strategic Intelligence Specialist

Purpose of Job

Jobholders at this level carry out specific tasks independently but are subject to close supervision. They research, collect and analyze information, draft reports and documents, participate in specific meetings and develop their own professional expertise. They undertake simple operational activities including gathering business needs and requirements to perform accordingly researches and studies helping the development of compliance risk management frameworks and for setting compliance risks KPIs; also collecting and consolidating records and data to update risk register and draft relevant reports.

Job Resposiblites

Job Details

Compliance Risks Assessment

• Conduct research and benchmark studies to stay abreast of latest trends and international best practices in tax and customs risk treatments highlighting improvement areas to enhance risk treatments performance
  
• Maintain communication channels with Legal function to receive updates in Saudi’s regulatory compliance requirements, laws and regulations and assess implications on internal policies, procedures and operations and update compliance frameworks accordingly
  
• Liaise with internal stakeholders and governmental entities (MCI, SASO, SAGIA, etc.) to collect data and information needed for risk hypothesis testing and update relevant database consequently
  
• Collaborate with Enterprise Risk Management function and establish information sharing touchpoints to ensure consistency and standardization between developed frameworks
  
  

Compliance Risks Strategy Development

• Review and assess compliance flagged threats along with potential causes, consequences, and existing controls, perform risk scoring to identify likelihood / impact and update the risk register
  
• Consolidate data related to previous non-compliance behaviors, develop root cause analysis and hypothesis testing scenarios and ensure mitigation controls are in place to minimize recurrence
  
• Review compliance issues to identify untapped risks, develop risk model to assess implication and develop treatment methodology
  
• Evaluate business processes and conduct operational risk analysis to identify compliance risks related to processes
  
• Prepare a preliminary compliance risk profile by combining and analyzing data gathered from different sources to communicate the top risks and their potential severity and ranking
  
• Develop and update of risk treatments (frameworks, methodology, measurement guidelines, etc.) based on compliance risk implication assessments and manage effective communication with relevant stakeholders
  
• Maintain the risk register and ensure proper update by risk owners, probability, frequency, severity, description, potential causes, current controls and their effectiveness, etc.
  
  

Compliance Risk Strategy Implementation Follow-up

• Assist in development of compliance risk strategy to ensure proper implementation and effective follow-up
  
• Analyze ZATCA’s function’s operation plan to ensure the incorporation of compliance risk strategy and smooth implementation of risk treatment initiatives and provide accordingly basic technical support
  
• Follow-up on compliance risk strategy implementation highlighting misalignment cases to establish key controls to install mitigation actions plan
  
• Follow-up on non-compliance risk’s mitigation plans and preventive actions to ensure proper implementation of control mechanisms and risk treatment
  
• Develop and update risk register including risk categorization and risk prioritization for future reference or use
  
• Prepare periodic reports consolidating ZATCA’s compliance risk status, effectiveness of mitigation action and areas for improvement to draw conclusion related to impact, likelihood and velocity of risks
  
  

Organization and Operations

• Follow all relevant policies, processes and standard operating procedures so that work is carried out in a controlled and consistent manner
  
• Help in solving escalated problems and provide needed support for junior team to ensure work is carried out in an efficient manner
  
  

Communication and Contacs

Education

Bachelor’s degree in Risk Management, or equivalent is required

Experience

A minimum of 2 years of relevant experience

Competencies

Fact Based Recommendations - Developing

Corporate Governance and Compliance - Developing

Taxpayer Risk Management - Developing

Taxpayer Risk Assessment - Developing

Taxpayer Risk Identification and Categorization - Developing

Taxpayer Compliance Tactical Intelligence - Developing

Professionalism - Developing

Collaboration and Communication - Developing

Results Oriented - Developing

Customer Focus - Developing

Enablement of Change and Innovation - Developing