Risk Governance & Compliance Director

  • Dammam, Ash Sharqiyah
  • Permanent
  • Full-time
  • 2 months ago
About the job Risk Governance & Compliance DirectorOne of our prestigious clients is looking to hire a Risk Governance & Compliance Director, with 12+ years of experience In the Ship building industry who will be responsible for but not limited to:Job OverviewStrategic oversight and management of risk, governance, and compliance functions,
ensuring the organization operates within the bounds of legal and regulatory frameworks.Strategic Responsibilities
  • Align division goals, processes, and resource allocation with the organizational strategy while maintaining awareness of commercial and business objectives.
  • Ensure the accomplishment of organizational unit objectives by managing staff; planning and evaluating organizational unit activities.
  • Define objectives, identifies, and evaluates trends and options, chooses a course of action, and evaluates outcomes.
  • Accomplish financial objectives by forecasting requirements, preparing an annual budget, scheduling expenditures, analyzing variances, and initiating corrective actions.
  • Maintain quality service by enforcing quality and customer service standards, analyzing and resolving quality and customer service problems, and recommending system improvements.
  • Support with strategic problems resolution and subjective decision making.
Managerial Responsibilities
  • Supervise the entire work done by the team members and making sure it is completed on time without any delay.
  • Lead the team to complete tasks and meet goals through delegation of responsibilities and supervising business operations.
  • Set the vision and motivation of the team in order to achieve the sought objectives efficiently.
  • Set appropriate and achievable deadlines.
  • Track and report critical organizational unit performance results and escalate and negotiate business related issues to senior management.
  • Accomplish staff results by communicating job expectations, planning, monitoring, and appraising job results.
Functional Responsibilities
  • Craft and execute a comprehensive risk management strategy, in alignment with the organization's strategic goals, overseeing the identification, assessment, and mitigation of risks across all facets of our operations.
  • Strengthen and refine corporate governance frameworks, policies, and practices, fostering a culture of transparency, accountability, and strict adherence to legal and regulatory mandates.
  • Assume leadership in compliance endeavors, guaranteeing the organization's conformity with pertinent laws, regulations, and industry standards. Stay vigilant regarding evolving regulatory requirements and drive proactive compliance initiatives.
  • Conduct thorough risk assessments and stress testing to pinpoint potential vulnerabilities, taking proactive measures to address issues that could impact the organization's reputation and financial stability.
  • Act as the principal point of contact for regulatory bodies and authorities, expertly managing regulatory inspections, inquiries, and reporting obligations.
  • Formulate and enforce risk management, governance, and compliance policies, protocols, and benchmarks, ensuring their continuous alignment with the ever-evolving legal and regulatory terrain.
  • Establish and uphold robust internal control systems, safeguarding the organization's assets and operational integrity while promoting efficiency and accountability.
  • Formulate and lead thoroughly planned incident response strategies for risk-related incidents, coordinating swift responses and decisive corrective actions as necessitated.
Qualifications
  • Bachelor's Degree in Business Law, Risk Management or any other similar field.
  • Above 12 years of experience in related field including 6 years in a leadership role.
  • Master's Degree in Business Law, Risk Management or any other similar field.

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