About the role
We are seeking an AML (Anti Money Laundering) Officer to join our team, playing a crucial role in ensuring compliance with regulations through effective application in daily operations. As an AML Officer, you will leverage your proficiency in utilizing compliance testing to monitor and inspect various company units, ensuring they operate within established legal and organizational frameworks. Your responsibilities will include reporting compliance findings, escalating non-compliance issues, and helping to provide unique experiences only our platform can offer.
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A successful candidate will maintain an organized and efficient compliance program, ensuring timely action and effective communication across all levels. You will be driven, determined, and a curious team player who recognizes that collective strength leads to success. With a positive and solution-oriented outlook, you will persevere regardless of challenges and respond quickly with urgency, maintaining momentum and energy to achieve great outcomes. You will demonstrate empathy and respect while effectively collaborating with team members.
Your responsibilities
- Read and understand the rules and regulations governing the business, translating them into practice.
- Verify merchants' KYC as a second line of defense before granting approval for onboarding, logging all verified merchants for reporting purposes.
- Conduct periodic sampling to ensure all consumer KYCs are obtained and report any shortcomings.
- Assign appropriate MCC codes and risk levels from an AML perspective for all merchants (considering Jurisdiction, Products, channels, and Legal form of the company).
- Monitor all transactions to ensure AML/fraud scenarios are in place and updated periodically.
- Monitor and inspect company divisions/units through compliance testing to ensure alignment with regulations and requirements.
- Prepare reports of findings/observations, escalating in cases of breaches.
- Set action plans with the concerned department to address breaches and implement solutions to prevent future violations.
- Review marketing and promotional materials, providing feedback to the Director of Compliance.
Your expertise
- Bachelor’s Degree in Law, Business Administration, or a related field.
- 2+ years of experience in a similar field under SAMA.
- Preference for candidates with Fintech and payments-related experience.
- Ability to read and understand regulatory rules and translate them into practical applications.
- Excellent communication and presentation skills.
- Strong organizational and time management abilities.
- Customer-oriented with robust negotiation skills.
- Analytical and data-driven problem solver.
