Senior Governance, Risk & Compliance (GRC) Officer

Job Summary

The Senior GRC Officer supports and enhances the Bank’s Governance, Risk, and Compliance framework in line with Saudi Central Bank (SAMA) regulations, internal policies, and international best practices. The role is hands-on and advisory in nature, focusing on regulatory compliance, risk monitoring, governance processes, and internal controls, without managerial or people management responsibilities.

Key Responsibilities

Governance

• Implement and maintain governance policies, procedures, and frameworks in line with SAMA Corporate Governance Regulations
• Support preparation of GRC reports for senior management, Board Committees, and regulators
• Ensure proper documentation, tracking, and periodic review of governance-related policies

Risk Management

• Perform and review risk assessments across banking functions (operational, compliance, and strategic risks)
• Maintain risk registers, Key Risk Indicators (KRIs), and risk action plans
• Monitor risk exposures and escalate material risks to management as required
• Support new products, processes, and change initiatives from a risk perspective

Compliance

• Monitor compliance with SAMA regulations, circulars, and regulatory requirements
• Conduct compliance reviews, gap assessments, and thematic reviews
• Track regulatory changes and assess business impact
• Support regulatory examinations, inspections, and information requests
• Assist in regulatory reporting and follow-up on supervisory observations

Internal Controls & Assurance

• Review internal controls and support enhancement initiatives
• Coordinate with Internal Audit and business units on audit findings and remediation actions
• Track closure of audit issues and regulatory findings

Advisory & Support

• Provide GRC advisory support to business units on policies, procedures, and regulatory matters
• Promote a strong risk and compliance culture within the Bank
• Contribute to continuous improvement of GRC tools, templates, and methodologies

Requirements:
Education

• Bachelor’s degree in Banking, Finance, Accounting, Risk Management, Business Administration, Law, or related field

Experience

• 5–8 years of experience in Governance, Risk, Compliance, Audit, or Risk Management
• Banking experience within Saudi Arabia or GCC is required
• Hands-on exposure to SAMA regulations and regulatory compliance activities

Skills & Competencies

• Strong knowledge of Saudi banking regulations and compliance requirements
• Solid understanding of enterprise risk management and internal control frameworks
• Strong analytical and reporting skills
• Excellent attention to detail and documentation skills
• Ability to work independently and manage multiple priorities
• Strong written and verbal communication skills

Preferred Qualifications

• Professional certifications such as CRISC, CISA, CIA, CRCM, CAMS, or FRM
• Familiarity with Basel frameworks, COSO, ISO 31000, and AML regulations
• Experience supporting regulatory audits and SAMA inspections