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Senior Compliance & Regulatory Affairs Specialist

Water Transmission and Technologies Co.

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5-7 Years
7 days ago
22 Viewed
0 Applied

Job Description

Water Transmission and Technologies Company

Riyadh - HQ

Senior Compliance & Regulatory Affairs Specialist

90000024

Job Purpose:

The job holder is responsible for the development and review of WTTCO's regulatory affairs and compliance initiatives, encompassing compliance management, identification of regulatory obligations, and raising compliance awareness.

Key Activities:

  • Ensure work is performed based on approved policies, processes, procedures and instructions.
  • Identify opportunities for continuous improvement of Compliance & Regulatory Affairs systems, practices, cost optimization, and productivity & efficiency improvement.
  • Ensures compliance with all applicable laws, rules, regulations, and standards within WTTCO and related functions such as and not limited to (HC, HSSE, Risk, Cybersecurity, etc..).
  • Escalate problems to ensure case/issue is closed efficiently and in a timely manner.
  • Ensure acting as the point of contact for all external entities (regulatory, and supervisory bodies).
  • Ensure maintaining relationships with external regulatory bodies (e.g., Water Regulator (WR) and Ministry of Environment, Water and Agriculture, etc.).
  • Review new regulations & bylaws and provide recommendations to the concerned stakeholders on any required changes/updates on internal bylaws, policies, forms, or tools.
  • Manage benchmark studies to assess the latest trends in water transmission regulatory frameworks and their implications and recommend needed improvements.
  • Ensure the maintenance of water regulator-related license renewals and ensure license requirements are being met in coordination with the concerned business units.
  • Ensure licensees compliance with requirements, suggest needed actions, and ensure updating of licenses and registrations as needed or manage license cancellation.
  • Develop the identification of compliance obligations and ensure they are broken down into detailed compliance requirements.
  • Participate in developing and reviewing compliance programs based on identified obligations and requirements.
  • Develop the development of enterprise compliance checklists as a baseline to conduct compliance monitoring activities across WTTCO.
  • Ensure the Conduct of compliance checks/reviews to assess adherence to external laws & regulations across WTTCO and identify instances of non-compliance.
  • Ensure assessing implications of non-compliance instances based on laws & regulations and highlight the potential impact that will affect WTTCO.
  • Advise functions on the most appropriate corrective actions to handle noncompliance instances.
  • Ensure working closely with Internal Audit to develop and maintain a register of all non-compliance instances and ensure a comprehensive analysis & reporting of instances.
  • Manage the design and execution of awareness sessions and training for all employees periodically who have responsibility for their jobs for performing compliance obligations.
  • Provide support to all WTTCOs regarding MOUs, labor laws, regulations, and policies.
  • Provide input for the development of reports regarding operations, activities and achievements for reporting and decision-making.

Education and Certifications

  • Bachelor's Degree in Law or relevant fields.

Job Purpose

The job holder is responsible for the development and review of WTTCO's regulatory affairs and compliance initiatives, encompassing compliance management, identification of regulatory obligations, and raising compliance awareness.

Key Roles and Responsibilities

  • Ensure work is performed based on approved policies, processes, procedures and instructions.
  • Identify opportunities for continuous improvement of Compliance & Regulatory Affairs systems, practices, cost optimization, and productivity & efficiency improvement.
  • Ensures compliance with all applicable laws, rules, regulations, and standards within WTTCO and related functions such as and not limited to (HC, HSSE, Risk, Cybersecurity, etc..).
  • Escalate problems to ensure case/issue is closed efficiently and in a timely manner.
  • Ensure acting as the point of contact for all external entities (regulatory, and supervisory bodies).
  • Ensure maintaining relationships with external regulatory bodies (e.g., Water Regulator (WR) and Ministry of Environment, Water and Agriculture, etc.).
  • Review new regulations & bylaws and provide recommendations to the concerned stakeholders on any required changes/updates on internal bylaws, policies, forms, or tools.
  • Manage benchmark studies to assess the latest trends in water transmission regulatory frameworks and their implications and recommend needed improvements.
  • Ensure the maintenance of water regulator-related license renewals and ensure license requirements are being met in coordination with the concerned business units.
  • Ensure licensees compliance with requirements, suggest needed actions, and ensure updating of licenses and registrations as needed or manage license cancellation.

Education Requirements

Bachelors in Law

Experience Requirements

Thank you For Choosing WTTCO
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Last Updated: 11-06-2024 10:39:07 AM
Home Jobs in Saudi Arabia Senior Compliance & Regulatory Affairs Specialist
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