Senior Manager - Regulatory Relations

D360 Bank

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.