Legal And Corporate Governance Counsel Ref 5294585824

About Petrolube:

Petrolube is the largest lubricants producer and supplier in Saudi Arabia.

Home to the iconic Petromin brand, Petrolube offers customers superior quality products that meet their evolving needs. We do this through an unrivalled range of high-quality, increasingly sustainable, and diverse portfolio of brands.

Job Summary:

Responsible for the corporate governance compliance and provides legal advice and support to group of companies having presence in Kingdom of Saudi Arabia, United Arab Emirate s, Egypt and Pakistan.

Key Responsibilities:

Corporate Governance

• Updating governance frameworks and policies through stakeholder cooperation and periodic effectiveness reviews in accordance with applicable laws and best practices.
• Monitoring governance practices in the organization to reduce risks and raise performance efficiency and applying these practices (such as non-conflict of interest disclosure forms, related party transactions (RPT), non-disclosure agreements, etc.) through the relevant departments and ensuring adherence to these practices.
• Collaborate with cross-functional teams to gather required inputs
• Monitor, review, and update both the Board's Delegation of Authority and the operational Authority Matrix governing executive department powers, ensuring ongoing implementation, transparency, and objectiveness.
• Support in building and maintaining the organizational corporate governance’s policy framework for all internal entities by aligning the organizational policy framework with all internal departments’ policies and ensure the same is approved and reflected on the organization’s intranet
• Preparing quarterly Governance reports for the Audit Committee and Board.
• Implementing the recommendations from the internal department.
• Manage relationships and communications with external legal counsel
• Prepare factual documentation for disputes and litigation support
• IP monitoring and coordinating with external IP lawyers and agents
• Manage full contract lifecycle from drafting to database management and ensure compliance and alignment with approved clause libraries.
• Prepare and submit regulatory filings while maintaining comprehensive tracking systems to ensure all submissions meet required deadlines
• Review and approve marketing materials and promotional content
• Work with marketing teams and external counsel to mitigate legal risks

Compliance

With coordination with the Regional Legal Director:

• Update and implement compliance framework, compliance policies and procedures to ensure adherence to applicable laws and regulations.
• Monitor changes in laws and regulations and update compliance policies and procedures accordingly.
• Develop an annual compliance monitoring plan based on risk assessments and regulatory changes to ensure oversight for the upcoming year.
• Provide guidance and support to employees on compliance matters.
• Collaborate with internal teams and departments to ensure that compliance requirements are integrated into business processes and systems.
• Prepare regularly compliance reports to Regional Legal Director.

Job Knowledge:

Academic:

Bachelor’s degree in business, accounting, finance, or a related field.

Master’s degree is a plus.

Qualifications

Certified Public Accountant (CPA); Chartered Accountant (CA); Certified Internal Auditor (CIA); Governance, Risk & Compliance Professional (GRCP) certification are recommended.

Related Work Experience

Minimum 5 years of experience in Governance, Compliance and Legal functions.

Language skills:

English and Arabic are essential.

Other skills:

The job holder should possess the required attributes including communication skills, decision making, problem solving and leadership/management skills.