Job Purpose
To lead and oversee the organization's Governance, Risk, and Compliance (GRC) framework, ensuring alignment with regulatory requirements, corporate strategy, and international standards, while safeguarding the company from operational, financial, and reputational risks.
Key Responsibilities
1. Governance
- Establish and maintain a corporate governance framework aligned with best practices and regulatory requirements.
- Ensure proper implementation of policies, procedures, and internal controls across the organization.
- Support Board and committee governance processes (e.g., Audit Committee, Risk Committee).
2. Risk Management
- Develop and implement an enterprise-wide risk management (ERM) framework.
- Identify, assess, and monitor key risks (operational, financial, strategic, compliance).
- Maintain and update the corporate risk register.
- Ensure risk mitigation plans are in place and monitored.
3. Compliance
- Ensure compliance with applicable laws and regulations (e.g., Saudi Labor Law, industry regulations).
- Develop and enforce internal compliance policies and procedures.
- Oversee compliance audits and regulatory reporting.
4. Internal Controls & Audit Coordination
- Design and monitor internal control systems to safeguard company assets.
- Coordinate with Internal Audit and external auditors.
- Ensure closure of audit findings and implementation of corrective actions.
5. Policies & Procedures Management
- Develop, review, and update corporate policies (including HR, Finance, IT, and Operations).
- Ensure policies are communicated and implemented across all departments.
6. Reporting & Analytics
- Prepare periodic reports to senior management and the Board on:
- Risk exposure
- Compliance status
- Audit findings
- Develop GRC dashboards and KPIs.
7. Training & Awareness
- Conduct GRC awareness programs across the organization.
- Promote a culture of compliance and risk awareness.
8. Strategic Role
- Align GRC strategy with corporate objectives.
- Advise executive management on risk and compliance implications of business decisions.
Key KPIs
- Compliance rate with policies and regulations
- Number of audit findings and closure rate
- Risk mitigation effectiveness
- Reduction in compliance violations
- Internal control effectiveness
