Senior Governance, Risk & Compliance Officer
by Tawantech in Banking & Financial Services
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.