Senior Compliance Officer📣 Job Ad

About the Role

Cigna Group, a global health services company, is committed to improving health, well-being, and peace of mind. With a prominent presence in Saudi Arabia, Cigna is dedicated to delivering exceptional health solutions aligned with the Kingdom's Vision 2030. We are seeking a highly motivated and experienced Senior Compliance Officer to join our team in Riyadh.

Role Responsibilities

Reporting to the Head of Compliance for Cigna KSA Branch, the Senior Compliance Officer will play a critical role in ensuring Cigna's operations in Saudi Arabia comply with all regulatory and internal compliance requirements. This position involves supporting key compliance initiatives, strengthening Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) and anti-fraud programs, and serving as a subject matter expert on regulatory matters and data privacy.

• Monitor and interpret regulatory changes, laws, and guidelines affecting the insurance sector in Saudi Arabia.
• Design and implement the annual compliance plan.
• Review and update company policies and procedures to ensure ongoing compliance.
• Provide regulatory advice to business units, projects, and committees.
• Represent the compliance function in internal and external meetings, committees, and with regulatory bodies.
• Lead or participate in internal audits and regulatory inspections.
• Manage and support the compliance team.
• Coordinate with Legal, HR, and other departments on compliance-related matters.
• Support regulatory inspections, audits, and supervisory visits.
• Maintain and update the compliance database and commitment register.
• Track regulatory deadlines and coordinate regulatory filings.
• Conduct compliance risk assessments and validate self-assessments.
• Prepare and submit compliance reports (quarterly/annually) to management.
• Develop and deliver compliance training and awareness campaigns for employees.
• Support data privacy compliance, including managing breaches and data subject access requests.
• Assist in the implementation of AML requirements, including maintaining and updating AML/CFT policies and procedures, monitoring transactions, screening names, reporting suspicious transactions, coordinating AML training, responding to regulatory requests related to AML, and conducting internal AML risk assessments.
• Assist in the implementation of anti-fraud requirements, including maintaining and updating anti-fraud policies and procedures, managing whistleblowing channels, investigating fraud cases, preparing fraud investigation reports, and coordinating with Legal and HR on disciplinary actions.
• Manage compliance files, records, and logs, ensuring accuracy and confidentiality.
• Serve as a point of contact for compliance-related inquiries from business units.
• Participate in investigations into compliance breaches, fraud cases, or whistleblowing issues.
• Assist in preparing reports and presentations for internal and external stakeholders.

Qualifications and Requirements

• Minimum of 8 years of experience in compliance, preferably within the insurance or financial services sector.
• Strong knowledge of Saudi Arabia's insurance regulations, data protection laws, and AML/CFT requirements.
• Proven experience in policy development, risk assessment, and regulatory reporting.
• Excellent analytical, planning, and problem-solving skills.
• Strong written and verbal communication skills in both English and Arabic.
• Ability to work independently and as part of a team in a fast-paced environment.
• High ethical standards, attention to detail, and a proactive approach.

Core Competencies

• Compliance
• AML/CFT
• Anti-Fraud
• Regulatory Advisory
• Internal Audit
• Regulatory Inspection
• Risk Assessment
• Regulatory Reporting
• Compliance Training
• Data Privacy
• Transaction Monitoring
• Name Screening
• Whistleblowing Channels
• Fraud Investigation
• Analytical Skills
• Planning Skills
• Problem-Solving Skills
• Communication Skills
• Teamwork

Job Details

Job Title: Senior Compliance Officer

Company: Cigna Group

Location: Riyadh, Saudi Arabia

Employment Type: Full-time

Required Experience: 5-10 years