Senior Manager - Regulatory Relations

He/she will be responsible for managing the team who are responsible for preparing, reviewing, and submitting accurate and timely regulatory reports, ensuring full compliance with SAMA s requirements. Regulatory Relations Senior Manager is responsible to review all submissions to SAMA and ensure completeness and accuracy.

A key aspect of this role is maintaining a high level of precision in reporting. He/she will be proactive in staying abreast of regulatory changes and have the ability to effectively communicate complex regulatory matters to both internal teams and external regulatory bodies.

Technical Competencies

• Regulatory Compliance
• Reporting
• Analytical thinking

Behavioral Competencies

• Communication

• Decision Making

• Problem-solving

• Collaboration

• Act as the bank ONLY-channel to manage the relationship with SAMA including communications, submissions, reporting and meetings.

• Work to solve (in spot) any potential risk that might affect relationship with SAMA.

• Supervising the team of Regulatory Relations and sets clear KPIs for the team performance.

• Managing the team of Regulatory Relations who are responsible for preparing, reviewing, and submitting accurate and timely regulatory reports, ensuring full compliance with SAMA s requirements.

• Review all submissions to SAMA and ensure completeness and accuracy.

• Report to the CCO about all SAMA related activities.

• Attending all meetings with SAMA and represent the bank on-behalf of CCO as requested.

• Develop and execute regulatory strategies and plans to ensure compliance with applicable laws, regulations, and standards.

• Stay updated on changes in regulatory requirements and translate them into actionable steps for the organization.

• Manage all regulatory correspondence, initiation, responses, and follow-ups, with the relevant stakeholders.

• Liaise with regulatory authorities and act as the primary point of contact during inspections, audits, and regulatory agency interactions.

• Gathering Compliance information to prepare different internal and external, periodical reports to SAMA, facilitating the compliance systems enhancements as needed to help meet regulatory requirements.

• Manage on handling the preparation of the Compliance annual report liaising with all compliance stakeholders.

• Maintains current knowledge of regulations applicable to the company.

• Perform any other duties assigned to by line manager related to the nature of the work

• Enforce, incorporate, and comply with all necessary controls and related information security policies, procedures, practices, training, reporting, personal due diligence and vigilance, within departmental/unit activities and operations.

The role plays a pivotal role in ensuring adherence to regulatory requirements and industry standards. This position involves developing and executing comprehensive regulatory mandates, working closely with cross-functional teams, and managing all regulatory reporting obligations to the Saudi Arabian Monetary Authority (SAMA).
He/she will be responsible for managing the team who are responsible for preparing, reviewing, and submitting accurate and timely regulatory reports, ensuring full compliance with SAMA s requirements. Regulatory Relations Senior Manager is responsible to review all submissions to SAMA and ensure completeness and accuracy.
A key aspect of this role is maintaining a high level of precision in reporting. He/she will be proactive in staying abreast of regulatory changes and have the ability to effectively communicate complex regulatory matters to both internal teams and external regulatory bodies./p>

i> strong>Preferred Qualifications/strong> /i> /p>

• A tertiary-level qualification from a recognized institution Business Administration or related field required/li>

br> i> strong>Years & Nature of Experience/strong> /i> /p>

• Recommended 5 to 7 years of equivalent experience where required competencies and experience has been demonstrated/li>
• Ability to inform and guide managers and department heads on regulations and polices that require compliance./li>
• Strong project management skills and the ability to prioritize and manage multiple projects simultaneously./li>
• Proficient in using regulatory databases and software applications to track and manage regulatory submissions and documents./li>
• Excellent strategic planning skills./li>
• Proficient with applicable database and compliance software./li>