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Compliance Specialist

Date:  16-Nov-2021

Riyadh, SA

Company:  Olayan Saudi Holding Co
Department:  Legal Affairs
Sub Department:  Legal - Compliance
Number of Openings: 

Short Description (Role Purpose)

Reviews and evaluates compliance issues/concerns within the organization and ensures that the management and employees are complying with relevant Laws and Regulations, and company’s policies and procedures.

Job Accountabilities & Activities

Corporate Risk Management

  • Identify and update regulatory requirements
  • Identify and update company commitment with third party.
  • Perform regular risk assessment for all identified requirement and commitment.
  • Adhere to the annually approved budget as cascaded through line manager.

Audit Implementation and Report generation

  • Execute annual compliance inspection plan
  • Conduct compliance review of Laws, Regulations, Policies, Procedures and standards.
  • Report any deviations or violations of Laws, Regulations, Policies, Procedures, standards and unethical or improper conduct.

Stakeholder Relationship

  • Liaise with Legal and respective Company (Compliance champion) to identify and update regulatory and third parties’ obligations.
  • Follow up with stakeholder for resolution of open or pending observations.
  • Communicate requirement and update already identified stakeholders.

Policies and Procedures

  • Communicate compliance obligation with stakeholders and managements and ensure integration of compliance obligations in company policies and procedures.

Education & Certifications

  • Bachelor’s degree in Law, Business Administration or relevant field.


Required Years of Experience

  • A minimum of 5 years’ experience as a Compliance Officer or similar position.