Tawantech
Senior Governance, Risk & Compliance Officer
- Permanent
- Riyadh, Saudi Arabia
- Experience 5 - 10 yrs
Job expiry date: 23/04/2026
Job overview
Date posted
09/03/2026
Location
Riyadh, Saudi Arabia
Salary
SAR 20,000 - 30,000 per month
Compensation
Job description
The Senior Governance, Risk & Compliance Officer (GRC) supports and enhances the Bank’s Governance, Risk, and Compliance framework in alignment with Saudi Central Bank (SAMA) regulations, internal policies, and international best practices within the banking industry. The role is hands-on and advisory in nature and focuses on regulatory compliance, governance processes, risk monitoring, and internal control frameworks without managerial or people management responsibilities. The position is responsible for implementing and maintaining governance frameworks, policies, and procedures aligned with SAMA Corporate Governance Regulations and ensuring appropriate documentation, monitoring, and periodic review of governance-related policies. The role supports the preparation of Governance, Risk, and Compliance reports for senior management, Board Committees, and regulators while maintaining alignment with regulatory compliance expectations. The Senior GRC Officer performs and reviews risk assessments across banking functions including operational risk management, compliance risk management, and strategic risk management while maintaining risk registers, Key Risk Indicators (KRIs), and risk action plans. The role continuously monitors risk exposures and escalates material risks to management as required while supporting risk evaluation related to new banking products, processes, and change initiatives. The position monitors compliance with SAMA regulations, regulatory circulars, and regulatory requirements while conducting compliance reviews, gap assessments, and thematic reviews to identify compliance gaps and control weaknesses. The officer tracks regulatory changes and evaluates business impact while supporting regulatory examinations, inspections, and regulatory information requests as well as assisting with regulatory reporting and follow-up of supervisory observations. The role also reviews internal controls, supports internal control framework enhancement initiatives, coordinates with Internal Audit and banking business units on audit findings and remediation actions, and tracks the closure of audit issues and regulatory findings. In addition, the Senior GRC Officer provides advisory support to business units on governance policies, procedures, and regulatory compliance matters, promotes a strong risk and compliance culture across the Bank, and contributes to the continuous improvement of Governance, Risk, and Compliance tools, templates, and methodologies. The role benefits from familiarity with Basel frameworks, COSO internal control frameworks, ISO 31000 risk management standards, and AML regulations while supporting regulatory audits and SAMA inspections.
Required skills
Key responsibilities
- Implement and maintain governance frameworks, governance policies, and governance procedures aligned with SAMA Corporate Governance Regulations while ensuring proper documentation, policy tracking, and periodic review of governance-related policies across banking operations.
- Prepare and support the development of Governance, Risk, and Compliance reports for senior management, Board Committees, and regulatory authorities by consolidating governance documentation, regulatory compliance updates, and risk monitoring information required for oversight and decision-making.
- Perform and review enterprise risk assessments across banking functions including operational risk management, compliance risk management, and strategic risk management while documenting risks within risk registers and establishing Key Risk Indicators (KRIs) and risk action plans.
- Monitor risk exposures across banking activities and escalate material risks to management when thresholds are exceeded while ensuring that risk action plans are implemented and tracked effectively to reduce risk exposure.
- Evaluate new banking products, operational processes, and organizational change initiatives from a risk management perspective by conducting structured risk assessments and ensuring alignment with enterprise risk management and regulatory compliance requirements.
- Monitor ongoing compliance with Saudi Central Bank (SAMA) regulations, regulatory circulars, and banking regulatory requirements while conducting compliance reviews, thematic reviews, and gap assessments to identify regulatory compliance issues and required corrective actions.
- Track regulatory developments and regulatory updates issued by SAMA and assess their operational and regulatory compliance impact on banking activities while supporting the implementation of required regulatory controls and policy updates.
- Support regulatory examinations, supervisory inspections, and regulatory information requests by preparing documentation, coordinating with internal departments, supporting regulatory reporting processes, and following up on supervisory observations and regulatory findings.
Experience & skills
- Obtain a Bachelor’s degree in Banking, Finance, Accounting, Risk Management, Business Administration, Law, or a related field that supports professional responsibilities in governance frameworks, regulatory compliance, and enterprise risk management within the banking sector.
- Demonstrate 5–8 years of professional experience in Governance, Risk, Compliance, Audit, or Risk Management roles with direct exposure to banking operations and regulatory compliance frameworks within Saudi Arabia or the GCC banking environment.
- Possess hands-on experience with Saudi Central Bank (SAMA) regulations including SAMA Corporate Governance Regulations, regulatory circulars, regulatory compliance monitoring, and regulatory reporting requirements applicable to banking institutions.
- Demonstrate practical experience in performing risk assessments, maintaining risk registers, developing Key Risk Indicators (KRIs), implementing risk action plans, and monitoring operational risk management, compliance risk management, and strategic risk management activities.
- Show strong knowledge of enterprise risk management frameworks and internal control frameworks including familiarity with internationally recognized standards such as Basel frameworks, COSO internal control framework, and ISO 31000 risk management standards.
- Demonstrate experience conducting compliance reviews, regulatory gap assessments, thematic reviews, and regulatory compliance monitoring activities while supporting regulatory examinations, regulatory audits, and SAMA inspections.
- Possess strong analytical and reporting capabilities required for preparing Governance, Risk, and Compliance reports, regulatory documentation, internal control assessments, and risk monitoring reports for senior management and Board-level committees.
- Hold or pursue professional certifications such as CRISC, CISA, CIA, CRCM, CAMS, or FRM while demonstrating familiarity with AML regulations, regulatory audit processes, and governance frameworks used within the banking sector.