Your role
Do you enjoy advising and supporting front office colleagues to ensure compliance? Are you confident when it comes to speaking up for what is right and challenging at all levels?

We are looking for a Senior compliance and operational risk officer to:

• support the business in remaining compliant within the regulatory environment and managing their risk
• prepare compliance input for UBS Saudia Arabia Riyadh Branch governance meetings and relevant risk and control forums
• work on customer due diligence checks (KYC) on new clients as per SAMA Account opening Rules AOR requirements and in accordance with firm-wide AML stand
• attend regulatory committees & meeting
• effectively manage an open and co-operative relationship with SAMA and other local authorities, including the responses to regulatory enquires (including SAMANET / TANFEETH AML&CTF requests)
• keep UBSRB up to date on any regulatory changes and escalate any gaps with processes and policies
• participate in reviewing new business initiatives and transactions requiring pre-approval.
• ensure risk frameworks are designed well and operating effectively.
• deliver independent risk assessment and reports that shed light on our risk profile.
• provide business management with controls, tools, training, frameworks, information and insights required for them to manage risk

Your team
You'll be working in the Compliance and Operational Risk Control (C&ORC) team in UBS Saudi Arabia Riyadh Branch reporting directly to Head of Compliance and Operational Risk Control (C&ORC) of UBS Saudi Arabia. We support the Global Wealth Management business by partnering with them to effectively manage regulatory risk in an environment of collaboration and constructive challenge. Our duties include implementing the Operational Risk Framework and to ensure regulatory and operational risks are identified, properly assessed and recorded. You'll play an important role in helping us develop risk mitigating measures, controls and adequate remediation plans are in place. You'll also collaborate with global colleagues to ensure that best practices are being shared around the region/globe.

Your expertise

• proven financial services compliance or risk advisory experience for ideally 6-10 years
• sound know-how in the analysis of business processes and keeping up to date on any regulatory changes and analyze any gaps with UBS processes and policies
• good working knowledge of the local regulatory environment (SAMA)
• perform compliance risk assessment, implement the compliance action plan and monitoring programs established for UBS Saudi Arabia Riyadh Branch
• help in investigating actual or potential breaches of law, regulation, policy and procedures in accordance with the Disciplinary Policy. Align with Central SMEs, discuss with team leaders and report accordingly
• perform the role deputy of Money Laundering Reporting Officer , acting as additional point of contact for employees to escalate & investigate suspicions of money laundering or terrorist financing activity (including Commercial Concealment ) under the Saudi Head of Compliance supervision
• reliable and resilient (challenging situations and conversations don't sway you)

About us
UBS is the world's largest and the only truly global wealth manager. We operate through four business divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management and the Investment Bank. Our global reach and the breadth of our expertise set us apart from our competitors..

We have a presence in all major financial centers in more than 50 countries.

Join us
At UBS, we embrace flexible ways of working when the role permits. We offer different working arrangements like part-time, job-sharing and hybrid (office and home) working. Our purpose-led culture and global infrastructure help us connect, collaborate, and work together in agile ways to meet all our business needs.

From gaining new experiences in different roles to acquiring fresh knowledge and skills, we know that great work is never done alone. We know that it's our people, with their unique backgrounds, skills, experience levels and interests, who drive our ongoing success. Together we're more than ourselves. Ready to be part of #team UBS and make an impact?

Job ID 302232BR