Foreword:

The Arab Bank for Economic Development in Africa (BADEA) is an independent international financial institution owned by eighteen (18) Arab countries, members of the League of Arab States. It is governed by the provisions of its Establishing Agreement and the principles of international law. BADEA aims at strengthening economic, financial and technical cooperation between Arab World and Sub -Saharan African countries and the embodiment of Arab African solidarity based on equality and friendship. To achieve these objectives, BADEA was mandated to execute the following functions

• Contribute to the financing of economic development of African countries.
• Encourage the participation of Arab capital in African development.
• Contribute to the provision of the necessary technical assistance for development in Africa

BADEA is headquartered in Riyadh, the capital of the Kingdom of Saudi Arabia

1. Job Title: Chief, Compliance and Integrity Division
2. Department: Legal Affairs Department
3. Direct Supervisor: Director of Legal Affairs Department
4. Job Purpose:

Responsible for overseeing and monitoring the risks related to the compliance of BADEA’s operations with established policies and procedures, as well as applicable laws and regulations. Provides the necessary support in the development and drafting of compliance and integrity policies, guidelines, and best-practice frameworks, and follows up on their effective implementation.

5. Technical Duties and Responsibilities:

• Contribute to the preparation of periodic reports and required data, in support of achieving BADEA’s compliance and integrity objectives and strategic aspirations.
• Contribute to the design, development, and enhancement of the Compliance and Integrity Unit’s policies, procedures, and overall framework at BADEA, and oversee the implementation of the approved framework to ensure the effectiveness and adequacy of established controls.
• Participate in the development of compliance risk assessment criteria for BADEA in accordance with applicable laws, regulations, and international best practices adopted by comparable international financial institutions.
• Oversee the assessment of compliance risks related to all financial and administrative transactions of BADEA.
• Develop standards and methodologies related to Know Your Customer (KYC) and related due-diligence activities in line with recognized international best practices.
• Identify and monitor changes in relevant laws, regulations, and regulatory requirements, and periodically assess their impact on BADEA’s operations and compliance framework.
• Conduct periodic reviews with department directors and section heads to assess compliance risks and recommend appropriate mitigation and corrective measures.
• Develop, maintain, and update compliance risk analyses to support the effective management and monitoring of BADEA’s compliance risk indicators.
• Prepare and submit periodic reports to Senior Management on identified compliance activities, associated risks, and corresponding action plans aimed at mitigating or reducing such risks.

6. General Duties and Responsibilities

• Liaise and coordinate with staff of the relevant departments, as required by the nature and needs of the work.
• Coordinate and maintain effective working relationships with other departments within BADEA, in line with operational requirements.
• Engage and coordinate with external consultants, where appointed, for the purpose of reviewing and assessing risks at BADEA.
• Perform any other related duties as may be assigned by Management from time to time.