Head of banking
- Legal Route - Global Legal Recruitment
- Saudi Arabia (SA)
- £250,000 to 40,000k ++
- 22 May 2023
- 19 Jun 2023
- Vacancy Type
- Solicitors, In-House
- Full Time
- Practice Areas
- Banking/Finance, Regulatory/Compliance, Funds, Regulatory/Compliance (except Banking/Finance)
- 7+ Years
- Experience Level
- Management/Head of Department, Partner, Senior Executive
Consistent with the this KSA Gigga projects Financial Services Authority strategic and business objectives, the Head of Banking will oversee the Financial Services Authority Banking prudential activities: From licensing and product authorization to supervision.
The Head of Banking should deliver effective and efficient risk-based supervision, consistent with the Financial Services Authority’s statements of risk tolerance.
Within their Financial Services Sector (“FSS”), the Banking division represents one of its key strategic pillars. FSS aims for a well-tailored banking offering, regulations, and a platform as an off-shore provider. This will be in line with the strategy and vision of the FSS by having progressive rules and regulations that allows financial inclusion and application of best practices.
The Head is responsible for maintaining and adopting a strategy while constantly updating it with the latest trends in the world while maintaining the vision of the FSS strategy and executing a roadmap along the technical team to design, build, deploy, and continuously innovate the division and feed the banking requirements to the support teams. This role will aim to actively create an open, competitive, healthy, ecosystem within the regulatory environment in which Financial Institutions & ecosystem players will thrive. The Head will have to develop and lead the division to promote product knowledge and financial viability in a robust efficient way.
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