Legal Compliance Officer

• Compliance Officer is responsible for dealing and communicating with the relevant regulatory authorities.
• Supervision, follow-up and ensuring compliance with all the instructions of the Capital Markets Authority and its executive regulations and amendments. As well as the rules of Kuwait Boursa Co. and all decisions, instructions, regulations, laws and legislation issued by other regulatory and authorities in order to avoid any irregularities resulting in non-compliance that results in reputational risks, sanctions risks, alerts, or fines determined by regulators.
• Review and follow up all internal policies, procedures and regulations of the company to ensure its effectiveness and conformity and not conflict with the regulations, laws and instructions issued by the relevant regulators.
• Review and follow up all internal policies, procedures and regulations of the company to ensure its effectiveness and conformity and not conflict with the regulations, laws and instructions issued by the relevant regulators.
• Ensure that all internal policies, procedures and regulations are written, updated and approved by the Board of Directors. Upon issuing and each time updated according to the schedule for review and update. Ensuring that they comply with instructions, laws and rules of obligation, with the importance of establishing controls and standards and conducting a periodic test to measure compliance with the application.
• Any duties and tasks assigned by Head of Legal Department are part of the job
• Develop an action plan and an annual program with timeline for compliance with Corporate Governance Rules, to follow-up and supervise the implementation of Internal Controls Audit comments in coordination with relevant departments.
• Updating the Corporate Governance Manual timely, to be approved by the CG Committee and the Board of Directors.
• Identify any gaps, constraints, factors that lead to non-compliance and develop appropriate solutions to ensure compliance and oversee their application by the relevant departments.
• Preparing and reporting periodically to Head of Legal Department, CG committee and the Board of Directors in accordance to approved Compliance program, plan and timeline.
• Provide accurate and immediate advice to company regarding rules and standards of compliance and their applications.
• Inform the senior management and relevant departments of any developments issued by the regulators upon issuing (circulars, decisions, amendments, announcements, etc.) with a simplified explanation and statement of the mechanism of application.
• Responsibility for communicating with regulators, and preparing and reviewing all relevant correspondence and disclosures. Responding to the requirements of regulators, in a timely manner in coordination with the relevant departments and building internal and external bridges of communication.
• Comply and submit all regulatory requirements timely to submit any response, reports or forms, and follow-up and coordination with departments in this regard

• Bilingual with strong communication skills in Arabic and English, both reading and writing.
• Analytical thinking and ability.
• Strong communication skills.
• Legal and moral integrity.
• Strategic thinking.
• Good command of English.
• Expert knowledge of the company and the relevant market.
• Management experience.
• The capability for multitasking and work under-pressure.
• Work in accordance with the instructions and policies of the company and provide legal services within the specified framework in order to ensure the safety of operations. Moreover, ensuring the protection of the group companies.

Qualifications:

• + 5 years of experience of working as a legal compliance officer or legal assistant specialized in corporate governance affairs and communications with CMA and Boursa Kuwait.
• Knowledge of local regulatory requirements and obligations and the ability to identify emerging compliance issues and themes
• Strong team leadership, communication, interpersonal and management skills, and the ability to effectively communicate the strategic vision to various stakeholder groups;
• Effective negotiation skills. Strong presentation and relationship management and influencing skills are essential
• The ability to thrive and execute in a complex, highly matrixed environment

Education & Experience:

• Bachelor’s Degree in Law preferred, or equivalence experience.
• Professional qualifications in Compliance from compliance institutions (ICA, CRCM- CCEP- CCB) .
• Strong technical knowledge of compliance regulations and requirements, experience within a highly complex, financial institution, regulator or related industry participant.