Governance Risk and Compliance Supervisor

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Position overview:

The GRC Officer holds the pivotal role of ensuring the organization operates with integrity, transparency, and full compliance, requiring the adoption of the highest level of corporate governance while acting as the corporate secretary supporting the Board of Directors (BOD) and its Sub-Committees by managing agendas, distributing meeting packs, producing detailed minutes, and executing all necessary post-meeting actions. This role also demands maintaining professional relationships with the Capital Market Authority (CMA) and other regulators to ensure their satisfaction, preparing and executing a yearly compliance plan to address regulatory changes, updating company policies in coordination with department heads, and providing timely advice on regulatory rules to all stakeholders, furthermore, the GRC Officer oversees investor relations, manages announcements on Tadawul and the CMA, develops a Risk Register using the Risk & Control Self-Assessment (RCSA) to evaluate and mitigate all kinds of risks, and prepares for all company AGMs and EGMs, with a solid understanding of legal affairs being essential to effectively achieve these governance, compliance, and risk management objectives, ultimately building stakeholder trust and protecting the company's reputation.

Key Responsibilities:

•   Corporate Governance Leadership: Serve as the corporate support for the Board of Directors and its Sub-Committees. You'll organize meetings, prepare agendas, and ensure accurate record-keeping, enabling the Board to make informed decisions.
• Regulatory Relationships: Act as the primary point of contact with regulators. You'll maintain open lines of communication, ensuring we stay ahead of regulatory changes and remain compliant with industry standards.
• Compliance Oversight: Develop, implement, and monitor compliance programs to ensure adherence to relevant laws, regulations, and industry standards.
• Risk Management: Identify, assess, and prioritize risks across the organization. You'll develop and implement strategies to mitigate these risks, ensuring the organization's resilience and proactive management of potential threats.
•  Policy Development: Establish and enforce company-wide compliance policies and procedures that promote a culture of integrity and ethical behaviour.
•  Training & Awareness: Conduct regular training sessions to educate employees on compliance-related topics, fostering a culture of compliance within the organization.
•  Reporting & Communication: Prepare and present reports on governance, risk, and compliance activities to senior management and the board of directors. You'll document incidents and breaches and manage remediation actions.

Qualifications:

• A degree in law, finance, business administration, or a related field.
• Disclosure Certificate
• Relevant certifications in governance, risk management, or compliance are preferred.
• Strong knowledge of corporate governance and regulatory frameworks.
• Excellent communication and interpersonal skills.
• Ability to work collaboratively with various stakeholders.
• This role is vital for ensuring that the company operates within legal and regulatory frameworks while promoting a culture of transparency and accountability.