Job Description

To ensure corporate governance function is in line with the strategic plan for corporate operations of the company as per the mandate. This includes systems and procedures designed to structure authority, balance responsibility and provide accountability to stakeholders at all levels, inclusive of the subsidiaries. Also, to communicate risk policies and processes and assure controls are operating effectively.

Strategic Contribution

Provide annual strategic Governance management plan.

Develop policies and procedures in relation to management of Corporate Governance aligned with the Board & Company mandate.

Assist in achieving efficiency and effectiveness through development of Risk & Compliance processes & policies.

People

Perform routine administrative activities required of Risk & Compliance professionals.

Perform as an effective member in supporting the unit in ensuring that the tasks in accordance with the objectives are completed accurately on a daily basis.

Seek support and guidance from the Head.

Foster a culture of team spirit, co-operation and continuous self-development within the unit.

Continuous Improvement

Contribute to the identification of opportunities for continuous improvement of systems, processes and practices taking into account 'international leading practice', improvement of business processes, cost reduction and productivity improvement.

Policies, Systems, Processes & Procedures

Maintain policy and procedures related to Risk and Compliance.

Support in ensuring compliance with approved policies, procedures and standards by team and support the achievement of quality standards across the organization.

Operational

Governance

Contribute to the identification of opportunities for continuous improvement of corporate governance systems, processes and practices taking into account OIA policies and guidelines and international leading practices.

Maintain approved policies & procedures manuals of all departments & its Subsidiaries.

Ensure all the essential guidelines are put in proper place accurately adhering to industry/company's rules and regulations.

Assist department head in ensuring the policy implementation and monitoring responsibility are assessed to the business owner of the policy & procedures.

Ensure proper communication of approved policy to the related stakeholders.

Ensure the workflows in the company systems (whether automated or manual) are aligned with the governing policies.

Ensure senior management remain informed of regulatory, legislative and best practice changes and their obligations under these changes and how they impact the Group.

Risk Management

Lead the development and implementation of the risk management function to ensure risks are identified and monitored.

Maintain Corporate and Operational risk registers.

Identify and manage risks to the Company, employees, stakeholders, assets and operations. Develop / review ERM strategies, objectives and policies that will establish the framework, tools and procedures to achieve successful risk identification and management within best practice standards.

Engage and develop effective working relationships to support cooperative responses to risk management matters and issues. Provide guidance and training to promote risk control awareness, ownership and accountability.

Oversee and monitor the operational risk management activities of the organization.

Monitor and analyze risks within the business units and effectively report these risks to the related Committee.

Coordinate regular risk reports to the Board/Audit and Risk Committee.

Compliance

Manage the company & its subsidiaries regulatory compliance policies and procedures in coordination with the corporate governance operations.

Develop action plans related to compliance P&P; measuring and analyzing results; initiating corrective actions; minimizing the impact of variances.

Identify areas of improvement of Compliance systems, processes and practices taking into account 'international leading practice'.

Avoid legal challenges by understanding current and proposed legislation; enforcing regulations; recommending new procedures; complying with legal requirements in coordination with legal department.

Develop and train Risk & Compliance team.

Providing support, education and training to staff to build risk & compliance awareness within the organization.

Requirements

Education & Experience

Bachelor's Degree in Finance, Business Management or Law.

Minimum of 8 years of experience in related field.

Professional Certificate in field of Risk, Compliance will be preferable.

Working in the Development, Investment and Asset Management industry will be preferable.

Proven ability to interface directly with Board members and the CEOs

Key Skills & Competencies Functional

Excellent knowledge of laws, legal codes, procedures, and other relevant regulatory standards.

Strong understanding of business processes.

Excellent analytical and critical thinking skills.

In-depth knowledge of risk and compliance.

Fluent in Arabic and English.