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 ResponsibilitiesGovernance

• 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