Compliance Manager
Gulf General Cooperative Insurance Company
Total years of experience :23 years, 10 Months
Roles and Responsibilities:
- Supervise and manage the development, implementation, monitoring, and reporting of all internal systems and processes to ensure compliance with the laws, rules and regulations.
- Develop and maintain a comprehensive and adequate compliance program, and annual compliance monitoring plan
- Review all the company policies and procedures and ensure its compliance with the rules and regulations.
- Review all company products and services, identify the compliance risks and gaps, advise on the mitigation and corrective actions, and ensure the implementation of these actions.
- Conduct monitoring visits to the company branches / departments and identify the current / future compliance risks and issues.
- Responsible for Company’s Anti-Money Laundering and Combating Terrorist Financing Program.
- Provide a comprehensive reports to the audit committee and the company management on the compliance / AML issues and compliance level of the company.
- Acting as the point of contact in SAMA, CMA, CCHI, and other regulatory authorities regarding Compliance and AML issues
Job Purpose:
Manage the daily implementation activities of all business and technical projects, in order to achieve the overall objectives of Strategy and Corporate Development department
Roles & Responsibilities:
• Identify and adopt project management methodology, standards, guidelines and procedures
• Ensure that scope of the project is well defined and that roles and responsibilities of team members are identified
• Develop the business process flows, and policies and procedures
• Responsible for the overall creation, approval, updating and tracking of the projects plan
• Manage, lead, organize and control the project teams and activities
• Arrange for reviews and sign-off for documentary deliverables
• Report projects progress to the management
• Manage resources throughout the projects duration
• Develop project budget and time plan
• Review and evaluate proposals for all potential vendors
• Develop a project write up and evaluation report to the board management
Job Purpose:
Analyze, and review all policies and procedures, Forms/Contracts, Products, and Services across the bank, and ensure its compliance with the rules and regulations of all regulators (e.g. SAMA, CMA, etc.)
Roles & Responsibilities:
• Prepare a comprehensive plan to examine and ensure that all written policies and procedures approved in the bank are consistent with, and conform to, all applicable compliance rules and regulations.
•Assist the Compliance Group Head and his deputy in building the strategy and the roadmap of Compliance Group with regards to rules and regulations including BAJ P&P reviews
•Obtain and maintain an inventory of all relevant compliance Laws, regulations and instructions (and all amendments thereof and rules issued thereafter) related to the bank’s operations and activities.
•Collect and keep an inventory of all bank policies and procedures, products, forms, and contracts.
•Review all BAJ policies and procedures periodically to ensure the bank’s compliance with the latest regulations and instructions related to all operations activities and Banking Legislations of the bank.
•Review all forms and contracts used by all departments and divisions of the bank, as well as advertising and promotion forms to ensure their conformity with the compliance rules instructions.
•Review and approve all existing and new banking products to ensure adherence to statutory requirements.
•Facilitate contact process for any bank employee seeking explanation on statutory requirements, instructions, reporting of irregularities suspicion of inconsistent operations.
•Participate in projects as assigned; provide system improvement recommendations as required.
Job Purpose:
Analyze, document and re-engineer the existing key processes across the bank based on the BPR standards and methodology as well as to support BPR initiatives and ensure its alignment with the BPR standards and policies
Roles & Responsibilities:
• Develop Business Process Reengineering guidelines and standards
• Analyze and document the existing processes of all Business and Support Units across the bank
• Re-engineer the existing processes based on the BPR standards and policies
• Enhance BPR quality by reviewing the reengineered processes (as part of Afaq 2012 Programs) and aligning them with best practices
• Ensure compliance of the reengineered processes with BAJ and regulatory policies and guidelines
• Develop the requirements for BPR implementation (i.e. systems customization, forms, etc.)
• Validate & monitor the implementation activities of the reengineered processes
• Verify the implementation of the reengineered processes before the go-live
Achievements:
• Successfully managed, reengineered and delivered the following processes:
- Retail Account Opening Process
- Human Capital Recruitment Process
- IDs Expiry Notification & Blocking Process
Job Purpose:
Manage the daily implementation activities of all business and technical projects of readymade solutions as well as internally developed applications, and to achieve the overall objectives of Special Projects department and operations strategy
Roles & Responsibilities:
• Identify and adopt project management methodology, standards, guidelines and procedures
• Ensure that scope of the project is well defined and that roles and responsibilities of team members are identified
• Develop the business process flows, and policies and procedures
• Responsible for the overall creation, approval, updating and tracking of the projects plan
• Manage, lead, organize and control the project teams and activities
• Arrange for reviews and sign-off for documentary deliverables
• Report projects progress to the management
• Manage resources throughout the projects duration
• Develop project budget and time plan
• Review and evaluate proposals for all potential vendors
• Develop a project write up and evaluation report to the board management
Achievements:
• Successfully managed and delivered the activities for the following projects:
-Voice Trading System
-Corporate Payroll “Rawatebcom”
-Anti Money Laundering
-Mobile Share Trading
-Implement RSA security tokens
-Shares Trading Segregation
-Alternative Delivery Channels (ADCs)
-Corporate Credit Application
-Corporate Centers Project
-IT Help Desk System (BMC Remedy)
Job Purpose:
Collect, analyze and produce reports related to Cards, ATM and POS transactions and settlement in order to be provided to the internal sections and higher management. In addition to design and develop internal application in order to enhance and automate the internal work and to achieve the overall objectives of Electronic Banking Services department.
Achievements:
• Successfully developed and launched “Branch Service Unit” system, and the policies and procedures
• Successfully developed a system to automate generating the monthly report
• Successfully developed and launched “GL-Entries Automation System”
• Successfully developed and launched “Captured Cards System”
• Participated as a Project Assistant Manager in the Electronic Banking Automation Project; the scope of this project is to replace the ATM & POS switch system, and to automate all back office operations i.e. Settlement & Reconciliation, Claims, Cards…etc.
• Participated as a Project Assistant Manager in the 'ATM VISA Acquiring' project
I worked as a computer teacher in Al-Ma'abooj Secondary School in Jazan, Saudi Arabia