Main Objectives

The Risk and Compliance Manager is a business supportive, and risk disciplined individual who provides oversight to the enterprise-wide risk management (ERM) strategy and framework that effectively translates into informed decision-making practices that support BAS’s unique business model and strategic plan.

The Manager is also responsible for the oversight of the company’s compliance program, ensuring that such programs meet and where appropriate exceed the applicable legal and regulatory requirements to enable BAS and its subsidiaries to grow and serve its customers in a prudent and responsible manner, while also ensuring that the board of directors, top management and employees are following the same.

Main Duties

• Implement and maintain a sound enterprise-wide integrated risk management framework covering all operations and sections of BAS and its subsidiaries.
• Align the risk management framework with the Mission, Vision and Values of BAS.
• Oversee and develop a comprehensive process for assessing, identifying, monitoring, managing and reporting pertinent business risks that could interfere with BAS’s core purpose and ability to grow and develop its business lines. Business risks such as: Financial risk, operational risk, compliance risk and others.
• Follow-up with the risk owners (BAS Managers and Leaders) on the risk mitigation plans and prepare status reports.
• Maintain risk inventory and related documentation such as risk registers up to date with the latest information and status.
• Prepare periodic reports on ERM, as required, for the CEO, Audit and Risk Committee and Board.
• Attend the Audit and Risk Committee meetings and present the ERM Reports.
• Provide advice to management and the board on risk management issues.
• Monitor and report on adherence to and consistency of strategic initiatives with Board-approved risk appetite framework, risk tolerances and risk profile.
• Develop and maintain a trustworthy, respectful working relationship with the Audit and Risk Committee of the Board of Directors, and the Board of Directors as a whole.
• Identify known and emerging risks and measure, monitor and report on BAS’s risk profile to the CEO, Audit and Risk Committee and the Board of Directors.
• Facilitate the design and implementation of ERM activities in all relevant areas of operation.
• Lead the facilitation, implementation and monitoring of effective risk management practices and ensure operating policies and procedures are complied with KPIs throughout the organization.
• Advocate and support the culture of informed risk-taking, heighten awareness and use of advanced risk management practices through training programs and coaching.
• Explore analytical systems and data management capabilities to support the risk management program.
• Developing an annual risk management training calendar to ensure that individuals engaged in risk management are updated about risk management policies processes and practices, developed with appropriate risk management skills and competencies, aware of internal controls and risk mitigation plans.
• Establish a high level of trust and credibility by building and maintaining relationships with business partners, key stakeholders and collaterals.
• Review and update ERM Policies and documentation to reflect changes in processes. Present the updates to the Audit and Risk Committee for approval.
• Review the audit reports and other reports issued by other assurance units in the company and ensure that BAS assurance units are including and reviewing the risks listed in the ERM risk registers and provide independent reports on the effectiveness of the risk mitigation actions taken by risk owners.
• Regularly reviewing and evaluating company adherence to policies and regulations.
• Setting up a compliance program alongside policies and procedures.
• Establish a compliance program covering Bahrain Commercial Law, Bahrain Labor Law, Civil Aviation, Contract requirements and others. Assesses the compliance with each area and follow up with the business units on taking the rectification action.
• Ensuring that the compliance program effectively prevents and/or detects violation of law, regulations, organization policies, or the code of conduct
• Regularly reviewing the compliance program and recommending appropriate revisions and modifications, including advising administrative leadership and the board of directors of potential compliance risk areas.
• Developing educational programs for all employees, agents, contractors, or others working with the organization.
• Ensuring that the internal controls are capable of preventing and detecting significant instances or patterns of illegal, unethical, or improper conduct by employees, agents, contractors, or others working with the organization.
• Presenting periodic and annual reports on the compliance program to the board of directors.
• Oversee, coordinate and monitor day to day compliance activities of the organization.
• Comply with the company and airport authorities’ health, safety and security regulations.

Minimum Requirements

Education:

• Bachelor’s degree in any Business field
• Professional qualification such as CPA, ACCA, CIA or equivalent

Experience:

• 10 Years of work experience in auditing or risk management functions
• Experienced in conducting risk assessments and evaluating controls

Other Essential Requirements:

• Good Knowledge of written and spoken Arabic/ English.
• Demonstrated experience in utilizing quality tools
• Computer literacy
• Excellent communication and problem-solving skills