Compliance Manager

Al Qadisiyah

Department: Finance
Reports To: CFO

Overview:

The Finance
Compliance Manager is responsible for ensuring that the organization adheres to
all regulatory requirements related to financial reporting and internal
controls. This role involves overseeing the development, implementation, and
maintenance of financial policies and procedures, ensuring compliance with
applicable laws, and coordinating internal audits to assess financial
integrity. The ideal candidate will have a strong background in financial
compliance, accounting principles, and internal control systems.

Key
Responsibilities:

Financial Reporting Compliance:

• Review and monitor the
  organization's financial reporting processes to ensure accurate and
  timely reporting of financial statements.
• Identify and address any
  discrepancies or weaknesses in financial reporting systems and make
  necessary improvements.

Internal Controls &
Policies:

• Develop, implement, and
  maintain internal control systems to safeguard company assets and ensure
  financial reporting integrity.
• Ensure that internal policies
  and procedures comply with relevant regulatory requirements and industry
  standards.
• Conduct regular reviews and
  updates of policies and procedures to reflect any changes in financial
  regulations or business operations.
• Work with various departments
  to ensure compliance with financial controls and accounting practices.

Audit Coordination &
Support:

• Manage the internal and
  external audit processes to ensure that financial controls and processes
  are functioning effectively.
• Prepare and provide supporting
  documentation for audits, addressing any audit findings or
  recommendations.
• Coordinate with external
  auditors to ensure timely completion of audits and address any audit
  issues or recommendations.

Regulatory Compliance:

• Monitor changes in financial
  regulations, accounting standards, and tax laws, and ensure the
  organization s compliance with new and updated rules.
• Collaborate with legal and
  other relevant departments to ensure proper reporting and compliance with
  local, state, and federal regulations.
• Manage and maintain
  relationships with regulatory bodies, ensuring that all filings and
  reports are submitted on time.

Risk Management:

• Identify and assess potential
  financial risks related to non-compliance, control deficiencies, or
  reporting inaccuracies.
• Implement strategies to
  mitigate compliance risks and improve the overall control environment.
• Provide recommendations to
  senior management regarding compliance risk and areas for improvement in
  financial operations.

Training & Education:

• Develop and deliver training
  programs to ensure that employees understand compliance requirements and
  best practices related to financial reporting and internal controls.
• Educate and advise senior
  management on financial compliance matters and the importance of
  maintaining strong internal controls.

Reporting & Documentation:

• Prepare reports for senior
  management and the Board of Directors on compliance status, audit
  results, and areas for improvement.
• Document compliance
  activities, internal control processes, and audit findings, ensuring all
  information is accurate, organized, and accessible.

Ad-hoc Compliance Projects:

• Lead or participate in special
  compliance projects, including implementing new systems, upgrading
  internal controls, or responding to changes in regulatory environments.
• Provide compliance support
  during mergers, acquisitions, or business expansion initiatives.