Strategic Intelligence Senior Specialist

Purpose of Job

Jobholders at this level are capable of operating with minimal supervision. They work within guidelines and procedures in order to prepare more complex, specialized or ad-hoc reports in their related field. They contribute to the completion of milestones or operational targets within the assigned functional area. They undertake operational activities including conducting needed research and assessment to assist in development of compliance risk management frameworks, setting compliance risks KPIs, developing and updating risk register as well as preparing consolidated reports.

Job Responsibilities

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
  
  
  

Job Details

Communication and Contacs

Education

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

Experience

A minimum of 3 years of relevant experience

Competencies

Collaboration and Communication - Developing

Professionalism - Developing

Taxpayer Compliance Tactical Intelligence - Proficient

Fact Based Recommendations - Developing

Results Oriented - Developing

Taxpayer Risk Assessment - Developing

Customer Focus - Developing

Taxpayer Risk Management - Proficient

Corporate Governance and Compliance - Developing

Enablement of Change and Innovation - Developing

Taxpayer Risk Identification and Categorization - Developing