Legal and Compliance Manager

Job description / Role

Responsibilities
- Develop clear and comprehensive compliance policies and procedures covering all aspects of the company's fintech business.
- Ensure that these policies and procedures are effectively implemented across all relevant departments and functions.
- Review and update the program on a regular basis to keep pace with regulatory and legislative changes in the fintech sector.
- Conduct periodic monitoring and audits of the company's activities to verify compliance with all relevant laws and regulations.
- Conduct compliance risk assessments and identify critical areas that require special focus.
- Prepare periodic reports on the status of compliance for the board of directors and senior management.
- Identify and assess compliance risks associated with the company's business in the global sector.
- Develop plans to mitigate these risks and minimize their negative impact on the company's business.
- Coordinate with various departments to implement these plans and ensure their effectiveness.
- Communicate with relevant regulatory and supervisory bodies in the fintech sector.
- Coordinate with other departments (legal, risk, internal audit) to ensure comprehensive compliance.
- Provide advice and guidance to senior management on compliance matters in the fintech sector.
- Draft, review, clarify legal language, and provide necessary support on legal documents, contracts, T&C, policies, procedures, etc.
- Provide legal guidance and advice on business activities and other functions in the company.
- Oversee all general legal operations, as per the legal policy and management instructions, to ensure that the company meets legal standards based on applicable laws and regulations.
- Monitors the updates in laws and regulations as relevant to the company's business and provides reports to the management and training to related employees on legal matters and requirements as needed.
- As necessary and per instructions, conduct legal research in the local and international laws and regulations to establish the best legal practices for the company.
- Closely work with external lawyers and any related legal party such as consultants, to assess legal issues and deliver outcomes as per the defined scope of work for such legal engagements with lawyers and consultants.
- Establish and manage legal risks framework by identifying the potential laws and regulations risks and setting up the risks mitigation plan, as per the company's risk policy.
- Assess and support the business and tax implications to identify potential risks.
- Representing the organization in legal proceedings when mandated.
- Acts as a lead resource on matters related to corporate governance.
- Support on preparing, distributing, and arranging Board and Committees meetings as per the calendar of meetings, that are related to exercising the corporate governance function.
- When requested by the chief of GRC, attend meetings, take minutes, track the approval of minutes with the members, and distribute the actions' tasks to the relevant stakeholders.

- Master's degree in law is a must.
- +7 years of experience
- Strong understanding of regulations and standards relevant to the Fintech sector and Financial and Corporate laws and regulations.
- Proficiency in Arabic and English
- CME-1 & CME-2

About the Company

The Professionals is a Saudi leading Consulting firm that was established in 2015 in Riyadh, Saudi Arabia.

Since 2015 until now, we’ve become a successful partner in delivering unique consulting services to our partners who operate in different industries and sectors.

We always combine our service offerings by adopting global best practices with local in-depth understanding and delivering it with a passion to exceed our partners’ expectations to achieve their business objectives.