NAIF ALHAMMAD

- Updating Compliance and AML policies in alignment with regulations, instructions, and circulars issued by the Saudi Central Bank (SAMA).

- Developing a periodic review mechanism to ensure policies and procedures are consistent with best practices and regulatory updates.

- Reviewing departmental processes and procedures to ensure full compliance with applicable regulatory requirements.

- Monitoring updates issued by SAMA and ensuring company products and services are aligned with regulatory expectations.

- Conducting regular assessments of non-compliance risks and developing a comprehensive compliance plan to mitigate and manage those risks.

- Continuously assessing AML risks and updating the mitigation plan according to operational and regulatory changes.

- Preparing fraud risk assessment reports and escalating findings to relevant authorities, along with implementing corrective measures when necessary.

- Analyzing regulatory circulars and communicating them to relevant departments, including providing the required interpretation and guidance.

- Preparing and submitting periodic reports to regulatory authorities, including reports related to compliance, AML, fraud, and other regulatory matters.

- Representing the company before the Saudi Central Bank (SAMA) on all matters related to the company, including attending official meetings, responding to regulatory inquiries, discussing observations, and providing necessary clarifications to ensure full compliance.

- Leading and managing the Compliance and Fraud Prevention teams while providing strategic direction and professional oversight.

- Developing internal awareness and training programs on compliance, AML, and fraud prevention to enhance regulatory culture across the organization.

- Serving as Secretary to the Audit Committee, including coordinating meetings, preparing minutes, and following up on implementation of decisions and recommendations.

- Contributing to the development and review of the annual Compliance Department work plan and aligning it with the company’s strategic objectives.

- Overseeing the whistleblowing function, including receiving and managing internal reports in accordance with the company's whistleblowing policy

-Reviewing departments in accordance with the established instructions and regulations to ensure full compliance.

-Communicating with the Saudi Central Bank to ensure adherence to regulatory requirements.

-Implementing corporate governance principles across all aspects of the company to ensure transparency and accountability.

-Forming various committees, such as the Audit Committee and Shariah Committee, to ensure alignment with internal policies.

-Working to ensure no objections from third parties, products, and services to comply with legal requirements.

-Reviewing products and services before their launch to ensure they comply with the established regulations and policies.

-Ensuring the timely submission of periodic reports to the Saudi Central Bank in accordance with regulatory requirements.

-Providing advice and contributing to the improvement of internal policies and procedures to enhance operational efficiency and compliance.

- Identify and inform of any changes to legislation and other
regulatory requirement relating to AML/CTF.

- Ensure detailed and prompt investigation of all AML/CTF incidents and cases.

- Manage the resolution of cases through internal and external communications.

- Help with identifying any AML/CTF loopholes and coordinating projects to
bridge those gaps.

- Provide strategic guidance and inputs for to AML/CTF risk assessments, AML/CTF
controls and remediation measures.

- Actively contributes to the review of AML CFT training material Suggest
enhancements on the processes and tool to increase effectiveness.

- Actively contributes to the review of AML CFT training material Suggest
enhancements on the processes and tool to increase effectiveness.

- Identify and inform of any changes to legislation and other regulatory
requirement relating to AML/CTF

- Ensure detailed and prompt investigation of all AML/CTF incidents and cases

- Manage the resolution of cases through internal and external communications

- Help with identifying any AML/CTF loopholes and coordinating projects to
bridge those gaps

- Maintain a proper register of all incidents reported internally and externally

- Aid in the improvement of tools to monitor, analyze, and report suspicious
activity