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Compliance Officer - Jobs in Al Kuwait, Kuwait

1.00 to 10.00 Years   Al Kuwait, Kuwait   18 Oct, 2021
Job LocationAl Kuwait, Kuwait
EducationNot Mentioned
SalaryNot Mentioned
IndustryReal Estate
Functional AreaNot Mentioned

Job Description

Compliance is an independent supervisory and control function that identifies, evaluates, advises, advises, monitors and prepares compliance reports in addition to the companys non-compliance risk reports.The purpose of this job is to assist the Chairman, Board of Directors and senior management in ensuring and achieving the highest standards of compliance with the regulatory instructions related to the companys business and activities. Moreover, to manage the non-compliance risks and making recommendations to deal with them effectively.To prepare and follow up the implementation of the companys compliance program in light of the assessment of these risks, and provide training, advice and response to inquiries about compliance and governance.Key Accountabilities & Performance Indicators:

  • Supervision, follow-up and ensuring compliance with all the instructions of the Capital Markets Authority and its executive regulations and amendments. As well as the rules of Kuwait Boursa Co. and all decisions, instructions, regulations, laws and legislation issued by other regulatory and authorities...To avoid any irregularities resulting in non-compliance that results in reputational risks, sanctions risks, alerts, or fines determined by regulators.
  • Review and follow up all internal policies, procedures and regulations of the company to ensure its effectiveness and conformity and not conflict with the regulations, laws and instructions issued by the relevant regulators.
  • Review and follow up all internal policies, procedures and regulations of the company to ensure its effectiveness and conformity and not conflict with the regulations, laws and instructions issued by the relevant regulators.
  • Ensure?that all internal policies, procedures and regulations are written, updated and approved by the Board of Directors. Upon issuing and each time updated according to the schedule for review and update. Ensuring that they comply with instructions, laws and rules of obligation, with the importance of establishing controls and standards and conducting a periodic test to measure compliance with the application.
  • ????Conducting tests and analyses of the companys compliance with all departments and units, to provide recommendations on any observations resulting from non-compliance with effective and timely corrective action.
  • ?Any duties and tasks assigned by senior management are part of the job
  • ???Develop an action plan and an annual program with timeline for compliance, to follow-up and supervise the implementation in coordination with relevant departments.
  • ??Updating the Corporate Governance Manual timely, to be approved by the CG Committee and the Board of Directors.
  • ??Conduct compliance risk self-assessment for non-compliance risks and making recommendations to deal with it effectively.
  • ??Identify any gaps, constraints, factors that lead to non-compliance and develop appropriate solutions to ensure compliance and oversee their application by the relevant departments.
  • ???Preparing and reporting periodically to senior management, CG committee and the Board of Directors in accordance to approved Compliance program, plan and timeline.
  • ?Provide accurate and immediate advice to senior management regarding rules and standards of compliance and their applications.
  • Inform the senior management and relevant departments of any developments issued by the regulators upon issuing (circulars, decisions, amendments, announcements, etc.) with a simplified explanation and statement of the mechanism of application.
  • ?Responsibility for communicating with regulators, and preparing and reviewing all relevant correspondence and disclosures. Responding to the requirements of regulators, in a timely manner in coordination with the relevant departments and building internal and external bridges of communication.
  • Provide the necessary support, coordination and follow-up on the AGM & EGM procedures with relevant departments according to latest regulations.?(Management and Legal Affairs Group, Shareholders Affairs & Senior Management).
  • Comply and submit all regulatory requirements?timely to submit any response, reports or forms, and follow-up and coordination with departments in this regard.
  • Assist senior management achieve instill the culture of compliance and governance. By obtaining the necessary support from the Board of Directors and senior management to ensure that appropriate resources for education and training are provided to all company?s levels and staff to enable them to gain an adequate understanding of the rules of Compliance / Governance.?The compliance officer can propose using specialized third parties if required after taking the necessary approvals.
  • ?Prepare periodic training program of compliance and governance for all levels (senior management, board of directors and executive management?-?employees)?to raise awareness in general, in coordination with human resources management and training by all available means.

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