Assistant Manager- Compliance Department
ACICO
Total years of experience :14 years, 11 Months
Compliance function:
•Comply with regulatory requirements and provides recommendations on the appropriate action.
•Coordinate with the Capital Market Authority, Boursa Kuwait, Kuwait Clearing Company, Minster of Commerce and Industries and Gulf Custody Company for non-listed companies for any requirements.
•Update the disclosure register and insider watchlist disclosure whenever needed.
•Act as a Board Internal Audit committee secretary.
•Cooperate with the Compliance Manager when needed to rectify the consequences of a material violation or illegal act.
•Investigate complaints and coordinate action plans with other departments.
•Develop charters, policies and procedures, and programs required to comply with the regulatory requirements.
•Prepares the General Assembly’s Agenda and Minutes of Meetings with taking the required approvals from the regulatory.
•Acts as Board Secretary for the Joint Stock
•Monitor the activities of the Board Committees to ensure compliance with corporate governance pillars in coordination with the Board Secretary.
•Involved in the process of transferring the ownership of share within subsidiaries and associates based on instruction taken from Board of Directors and Senior Management .
•Circulate new resolutions, regulation, and announcements issued by regulatory to respective departments within the Company.
•Ensure that the company is complying with the disclosure policies and procedures.
•Conducts compliance assessments to ensure that compliance Issues / concerns within the organization are being appropriately evaluated, investigated and resolved.
•Safe keeps records for accuracy and accessibility to key data.
•Prepare quarter and annual reports to be submitted to the CMA, MOCI, and Boursa Kuwait.
•Implements standard operating procedures in order to ensure that quality standards are implemented and adhered to.
•Risk Function (Coordinate with Risk Consultant) :
•Facilitate Risk Appetite definition development and approval by the Risk Management Committee.
•Review the Risk Management Framework and present the same to the Board Risk Management Committee for review prior to obtaining Board approval.
•Review Risk Management systems, policies and procedures to ensure that it’s handle and monitoring all types of risks that the Company may be imposed to as well as reviewing and updating such systems, policies and procedures on a periodical basis.
•Ensure that the Risk Management framework exercise is derived, in coordination with other Departments, and ensure implementation of the framework to assist the company in identifying, assessing, monitoring, and reporting key business risks on a continuous basis.
•Oversee the periodic review of the Risk Management Framework and present recommendations to the Board Risk Management Committee.
•Ensure coordination with concerned departments during the process of creating risk identification and classification and liaise with Board Risk Committee in defining risk tolerances and obtaining Board approval on acceptable risk limits.
•Coordinate with the Executive Management / various departments to embed risk management activities within key business processes and related activities.
•Ensure that activities are performed within Company’s approved risk limits and ensure that deviations are reported to the Board Risk Management Committee.
•Ensure that risk reporting is performed in accordance with the agreed-upon templates and calendar.
● Acts as Board Secretary.
● Prepares the General Assembly’s Agenda and Minutes of Meetings with taking the required
approvals from the regulatory agencies
● Review all agreements before the Top Management and Board of Directors approval to ensure its legally secured.
● Oversee and monitor the implementation of the Polices.
● Assist the Finance Department in coordinating internal compliance review and monitoring
activities.
● Evaluate areas of previous deficiency to identify improvements.
● Monitor the implementation of the company to apply the rules of MOIC.
● Safe keeps records for accuracy and accessibility to key data
● Prepare annual report to MOCI markets authority abuts the company.
● Review the work of colleagues when necessary
▪ Legal endorsement of all documents issued, including the contracts prepared to be signed within the Project.
▪ Participates in the process of contract negotiations, where the case may be negotiation the trade and related contractual issues including property ownership.
▪ Monitors the implementation of the legal clauses of the contracts.
▪ Draws up the formalities for the amicable settlement of disputes.
▪ Settlement of the legal arrangements with the Project beneficiaries.