Manager, Compliance at the Islamic Development Bank

The Islamic Development Bank Group (IsDB) is inviting applications for a critical leadership position: Manager, Compliance, at its headquarters in Riyadh, Saudi Arabia. This role presents an exceptional opportunity for ambitious professionals to join one of the world's leading multilateral development financial institutions, committed to Islamic principles and dedicated to fostering economic and social development in member countries and Muslim communities worldwide.

Job Description and Key Responsibilities

The Manager, Compliance will hold a pivotal role within the Bank's governance structure. They will be the primary officer responsible for leading, developing, and managing a comprehensive compliance framework that ensures the Bank's adherence to all relevant local and international laws, regulations, as well as internal standards, policies, and ethical guidelines. They will work closely with senior management and relevant board committees.

Core expected responsibilities include:

• Leading the Compliance Division and developing its strategy in alignment with the Bank's strategic objectives.
• Designing, implementing, and monitoring effective policies and procedures for managing compliance risks.
• Providing advice and guidance to management and staff on regulatory and ethical compliance matters.
• Conducting periodic compliance risk assessments and developing mitigation plans.
• Ensuring compliance with Anti-Money Laundering and Counter-Terrorism Financing (AML/CFT) rules and international regulations such as those from the Basel Committee and the Financial Action Task Force (FATF).
• Overseeing investigations into suspected violations of compliance rules.
• Preparing comprehensive reports on the Bank's compliance status for the Board of Directors and relevant committees.
• Developing and implementing training programs to promote a culture of compliance throughout the institution.
• Staying abreast of local and international regulatory developments that may impact the Bank's operations.

Qualifications and Requirements

To be a successful candidate for this leadership role, you should meet the following criteria:

Academic Qualifications:

• A Bachelor's degree in Law, Finance, Accounting, Business Administration, or a related field. A Master's degree or an advanced professional certification (such as Certified Public Accountant CPA, Certified Internal Auditor CIA, or Certified Compliance Professional CC) is a significant advantage.

Professional Experience:

• Minimum of 10-12 years of experience in compliance, risk management, internal audit, or legal affairs within the financial services sector or international banking institutions.
• Proven experience in leading compliance teams and managing compliance programs in a large, complex organization.
• In-depth knowledge of international financial regulations, particularly those related to multilateral development banks and/or Islamic finance.
• Strong understanding of corporate governance principles and business ethics.

Personal and Professional Skills:

• Excellent leadership and managerial skills with the ability to motivate a team and influence stakeholders at all levels.
• High-level analytical and investigative skills.
• Unimpeachable personal and professional integrity.
• Outstanding written and verbal communication skills in both Arabic and English.
• Ability to work in a multicultural environment.

Why Work at the Islamic Development Bank?

Joining the Islamic Development Bank means working for an institution with a noble humanitarian and developmental mission. The Bank offers a competitive international work environment with:

• A competitive compensation and benefits package, including a tax-free salary for eligible individuals.
• Excellent opportunities for professional growth and career development.
• An intellectually stimulating, multicultural work environment.
• The chance to contribute to developmental projects with a tangible positive impact on the lives of millions.

How to Apply

Applications for the vacant position "Manager, Compliance" are to be submitted via specialized platforms like NaukriGulf or the official Islamic Development Bank Group career portal. Interested candidates should prepare an updated and comprehensive resume in English, highlighting experiences and achievements directly relevant to compliance and governance in large financial institutions. Applying at the earliest opportunity is recommended due to the competitive nature of this leadership role.

This position represents a strategic career move for any compliance professional seeking to make their mark within a premier global Islamic financial institution, based at the heart of Saudi Arabia's economic capital.