Compliance Officer

About Us Risk Solutions Corporation (RSC), formed in 2024, is at the forefront of the insurance industry in Saudi Arabia, redefining risk assessment and loss adjustment standards. As a joint venture between the El-Khereiji Group of KSA and Hamid Mukhtar & Company of Pakistan, RSC combines local insights with global expertise. Licensed by the Insurance Authority, our mission is to deliver exceptional, client-centric loss adjusting services tailored to the complex landscapes of engineering, property, casualty, and energy sectors. As part of our growth journey, we are expanding our internal compliance capability to ensure alignment with Insurance Authority regulations and best governance practices.Role OverviewWe are seeking a Compliance Officer to support the development and execution of RSC’s compliance framework. This role will assist in ensuring that the company’s operations, reporting, and internal processes remain fully aligned with regulatory standards issued by the Insurance Authority and other supervisory bodies.Key ResponsibilitiesRegulatory Monitoring: Track, review, and update RSC’s internal compliance database with all applicable Insurance Authority circulars, laws, and guidelines.Compliance Tracking System (CTS): Maintain accurate records of regulatory communications, follow-up actions, and resolution timelines.Reporting: Assist in preparing Quarterly Compliance Reports (QCR) and Annual Compliance Reports summarizing regulatory findings, audit outcomes, and corrective measures. Documentation & Record Keeping: Ensure compliance documentation, policies, and working papers are properly maintained and archived for a minimum of 10 yearsRegulatory Interaction: Support in preparing materials and summaries for Insurance Authority inspections and regulatory visitsRisk Assessment: Assist in conducting compliance risk assessments and identifying areas requiring corrective actionAML/CTF Support: Contribute to the implementation of anti-money laundering and anti-terrorism financing controls as per regulatory requirementsConflict of Interest & Related Parties: Maintain registers of potential conflicts of interest and related-party transactions, ensuring proper reporting and transparencyWho We’re Looking ForBachelor’s degree in Law, Business Administration, Finance, or related field.1–3 years of experience in compliance, audit, or regulatory affairs (insurance or financial sector preferred).Must be willing to learn and grow with the company.Strong understanding of governance, documentation, and reporting principles. Excellent English communication and report-writing skills; Arabic proficiency is a plus.Tech-savvy, with good working knowledge of Microsoft Office and online reporting systems.