مهدي محمد الصيفي الصيفي

Providing strategic advisory services in Combating Financial crimes, Compliance, Governance, Risk & Compliance (GRC), Ethics & Compliance, AML/CFT, Internal Controls, Third Party Risk Management, and Regulatory Compliance across regulated industries, including pharmaceuticals, healthcare, holding companies (different industries), financial services (Banks, Insurance), telecommunications, and others.

- Partnering with company’s departments to maintain a culture that embraces compliance and recognizes that compliance is a collective responsibility of all company employees
- Providing guidance to the business and integrate compliance controls into the scope of existing business practices company-wide
- Developing, implementing, maintaining and regularly assessing key policies and procedures to mitigate identified risks and to meet government, industry and company healthcare compliance requirements
- Maintaining a current working knowledge of various laws, regulations, and industry guidance that affect the corporate-wide compliance program, including MOH and NAZAHA, SFDA and CCHI guidelines, state marketing compliance laws
- Developing, maintaining, enhancing and administering effective compliance training programs through various delivery formats that focus on the elements of the compliance program and seeking to ensure that appropriate employees understand, and understand the
importance of compliance with, pertinent requirements
- Collaborating with Company management and other leaders to identify and provide ongoing risk assessment of existing and emerging business practices for potential areas of compliance
vulnerability, and developing/implementing preventive active plans to help maintain compliance, and where necessary developing and implementing corrective action plans for the resolution of issues
- Provide regular updates and reports to the Chief Compliance Officer, the BOD, and senior management on the operation and progress of compliance efforts and initiatives, audit findings, investigation outcomes, and project status updates
- Overseeing and implementing compliance-related auditing and monitoring plans for different business activities
- Assisting in management of compliance investigations involving potential violations of compliance policies, laws or regulations and overseeing corrective action
- Serving as a subject matter expert in areas of healthcare regulatory law, including rules and regulations of the SFDA, MOH, CCHI and NAZAHA, and laws and regulations.

- Headed the Affiliate Compliance Committee as well as Committee secretary.
- Developed, initiated, maintained, and revised Company’s policies and procedures for the general operation of the Compliance Program and its related activities to prevent illegal,
unethical, or improper conduct. Manages day-to-day operation of the Program.
- Developed and periodically reviewed and updated Standards of Conduct to ensure continuing
currency and relevance in providing guidance to management and employees.
- Collaborated with other departments to direct compliance issues to appropriate existing channels for investigation and resolution. Consulted with the Corporate attorney as needed to resolve difficult legal compliance issues.
- Responded to alleged violations of rules, regulations, policies, procedures, and Standards of Conduct by evaluating or recommending the initiation of investigative procedures.
Developed and overseen a system for uniform handling of such violations.
- Acted as an independent reviewer and evaluator body to ensure all compliance Issues/concerns within the organization are being appropriately evaluated, investigated and resolved.
- Monitored, and as necessary, coordinated compliance activities of other departments to remain abreast of the status of all compliance activities and to identify trends.
- Identified potential areas of compliance vulnerability and risk; developed/implemented corrective action plans for resolution of problematic issues, and provided general guidance on how to avoid or deal with similar situations in the future.
- Submitted reports on a regular basis, and as directed or requested, to keep the Affiliate Compliance Committee and senior management informed of the operation and progress of compliance efforts.
- Ensured proper reporting of violations or potential violations to duly authorized enforcement agencies as appropriate and/or required.
- Established and provided direction and management of the compliance Hotline cases.
- Maintained an effective compliance communication program for the organization, including promoting (a) use of the Compliance Hotline; (b) heightened awareness of Standards of Conduct, and (c) understanding of new and existing compliance issues and related policies and procedures.
- Supported Human Resources Department and others as appropriate in developing an effective compliance training program, including appropriate introductory training for new employees as well as ongoing training for all employees and managers.
- Monitored Compliance Program performance and relates activities on a continuing basis, taking appropriate steps to improve its effectiveness.

- Provided support to coordinate and direct the Affiliate Compliance Committee.
- Rendered exceptional support to major business functions on ethics and compliance issues as well as advised division leaders on proposed commercial programmes, solutions, and alternatives.
- Introduced best practices and risk assessment model for the company.
- Assembled, coached, and directed project teams to steer ethics and compliance initiatives.
- Oversaw the working of the affiliate compliance committee and encouraged open discussions in meetings with key stakeholders.
- Highlighted changes and trends in the environment for the affiliate compliance Programme.
- Crafted an affiliate internal investigations procedure and affiliate local system for reporting.
- Led the affiliate monitoring plan for strict adherence to set policies and procedures.
- Ensured full compliance with the Company’s Code of Business Conduct and related policies and procedures, including concerning anti-corruption (U.S. Foreign Corrupt Practices Act, U.K. Bribery Act, and other applicable laws), anti-money laundering, anti-fraud and conflicts of Interest, fair competition, and data privacy.
- Revised and negotiated compliance contract clauses as well as responses to client and other third-party compliance questionnaires, and other similar inquiries.
- Formulated recommendations regarding manners of addressing Region-specific areas of
compliance vulnerability and risks and implement the same.
- Conducted live and online training on ethics compliance and business ethics policies and procedures; as well as applicable local law and regulations.
- Conducted the requisite due diligence associated with travel, gift and entertainment, donation and sponsorship requests requiring Compliance approval.
- Supported compliance investigations and audits.
- Defined a risk-based approach in identifying, monitoring, measuring and reporting various types of risks and liaised with the related departments to ensure the framework is in place across the Company.
- Ensured that gaps and risks found due to system changes, new products or services and organizational changes are adequately mitigated in a manner that is coherent with corporate and regulatory needs.
- Participated in meetings and facilitated open discussion between key affiliate stakeholders.
- Monitored the effectiveness of the Affiliate Compliance Committee.
- Participated in local Industry group meetings, identified changes and trends in the external environment, communicated changes to the ACC and OEC Regional Director, and implemented necessary changes to the Affiliate Compliance Program.
- Developed, implemented, modified and executed Affiliate monitoring plan to ensure compliance with policies and procedures.

-Professionalized the work of the Board and improved corporate governance practices (identified gaps in corporate governance matters and proposed ways to address such weaknesses).
- Helped the Board work at its highest level of efficiency, by introducing best practice working procedures and legal requirements.
- Assisted in establishing and maintaining clear communication between the various governing bodies such as CMA, Tadawul of the Company in compliance with the Company’s articles, charters and other internal regulations.
- Provided professional and administrative support to the Annual General Assembly meeting and to ensure that the Company’s legal obligations to its Shareholders are being properly discharged.
- Ensured that the Board and Board committee charters are kept up to date by ensuring that the governing bodies follow existing internal corporate rules and policies, and change them, or institute new ones, when appropriate.
- Provided induction training for newly elected Directors, training of incumbent Board members and assisted the Chairman of the Board in carrying out the performance evaluation of the Board.
- Maintained complete records of all Board members; their recent resume, their contact details, their business interests, their approval to serve in the Board including duration of their service and expiry of their term.
- Attended all Board meetings and ensured that accurate minutes of meetings are taken and approved and that the format and level of detail of the minutes recorded reflects the wishes of the Board.
- Maintained meetings records, and documents relating to all Board and Committee meetings, and the entity’s seal and stamps. (The Book of Minutes is made available to any Board member requesting a review of past minutes).
- Followed up on action items of both the Board and its Committees.
- Created templates for preparing Board papers and presentations.
- Checked internal audit and external investigation reports for the fulfilment of all inquiries.
- Defined a risk-based approach to identifying, monitoring, measuring and reporting various types of operational risks and liaised with the related departments to ensure the framework is in place across the Company.
- Conducted full KYC and Due diligence for on boarding clients applying the risk-based approach.
- Oversaw the development, implementation, monitoring, and reporting of all internal systems and processes to ensure compliance with the laws, rules and regulations in which the Company operates.
- Ensured that gaps and risks found due to system changes, new products or services and organizational changes are adequately mitigated in a manner that is coherent with corporate and regulatory needs.
- Prepared the annual compliance monitoring program.
- Monitored compliance processes and business activities at customer service outlets.
- Identified opportunities, established action plans, and determined solutions to continuously improve compliance program, and increase efficiency.
- Recorded meeting minutes, communicated points to relevant stakeholders, and ensured decisions’ compliance.
- Published and distributed company’s annual reports and interim statements in conjunction with external auditors.
- Assisted B.O.D and CEO in advocating and facilitating the development, implementation, communication, and maintenance of Companywide corporate governance and Risk Management, especially as it relates to Compliance.
- Established the company’s corporate governance framework.
- Conducted an annual review and assessment of the corporate governance framework, including corporate governance policy, procedures and terms of reference of board committees, to align with local laws, regulations and best practice.

- Selected to devise and roll out a regulatory framework around all corporate divisions.
- Reduced compliance risks originating from the system, management, product, and policy changes.
- Promoted the acceptance, awareness, and adaptability of compliance guidelines.
- Liaised with various departments for the efficacious realisation of risk framework across the Bank.
- Assessed the effectiveness of compliance programmes at both country and business levels
and recommended corrective strategies as required.
- Adhered to compliance and anti-money laundering manual, streamlined bank’s policies with regulatory requirements, classified clients in terms of risk, and facilitated internal and external audit cycle.
- Monitored and assessed compliance program effectiveness at a country or line of business level.
- Ensured that the Bank’s policies, procedures and internal controls are consistent with the regulatory requirements and internal standards.
- Participated in special projects to identify opportunities for improvement, established action plans, and led initiatives to further strengthen the country and line of business compliance partners.
- Undertook assessments of the compliance effectiveness of new products launched.
- Ensured that clients have been classified in terms of the risk they represent to the Bank and annually review these risk rating.

- Assembled and launched an anti-laundering and terrorism financial unit.
- Audited procedures, categorised suspicious cases, and issued directives accordingly.
- Evaluated internal control procedures in the bank to define inconsistencies.
- Promoted transparency by organising semi-annual audits for all branches.