About the Job
Lead and oversee all Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) activities for the companyPay, ensuring full compliance with SAMA AML/CTF regulations, FATF guidelines, and internal risk management frameworks. The AML Lead acts as the subject-matter expert and main point of escalation for AML-related matters.
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What Will You Do
Governance & Oversight
- Develop, update, and maintain AML/CTF policies, procedures, and standards in line with SAMA regulations.
- Establish the annual AML plan and ensure execution of monitoring processes and thematic reviews.
- Lead the AML Risk Assessment (ML/TF Risk Assessment) including customer, product, channel, and geography risks.
- Define and maintain AML/CTF KRIs and dashboards for senior management and the Board.
Monitoring & Investigations
- Oversee transaction monitoring alerts, reviewing escalated cases and high-risk alerts.
- Manage complex AML investigations, including suspicious activity involving merchants or payment flows.
- Ensure timely filing of Suspicious Transaction Reports (STRs) to the Saudi FIU (GFIU) in accordance with regulatory timelines.
- Sign-off on EDD files, high-risk merchant onboarding, and risk rating adjustments.
Onboarding & KYC Oversight
- Ensure that onboarding processes (KYC, KYB, Beneficial Ownership, MCC validation, sanctions checks) meet regulatory expectations.
- Approve high-risk clients (e.g., cash-intensive merchants, unusual MCCs, high-volume cross-border activities).
Regulatory Engagement
- Act as the primary point of contact with SAMA and FIU regarding AML matters.
- Coordinate regulatory inspections, information requests, and remediation action plans.
Training & Awareness
- Deliver annual AML training and specialized training for frontline and risk teams.
- Ensure continuous AML awareness and testing.
Team Leadership
- Supervise AML analysts/officers, provide coaching, and ensure workload distribution.
What Are We Looking For
- Bachelor’s degree in finance, Law, Business, or related field.
- CAMS Certification highly preferred (or equivalent).
- 4–7 years of AML experience (preferably in Payments, Acquiring, or Fintech).
- Strong understanding of SAMA AML/CTF guidelines, FATF recommendations, and digital payments risk typologies.
What We Offer You
- Inclusive and diverse culture that encourages innovation and flexibility in offices.
- Highly competitive compensation packages, including bonuses and the potential for shares.
- Prioritization of personal development with regular training and an annual learning stipend.
- Experience working with a talented team of over 30 nationalities in 14 countries within an exciting industry.
- Autonomy, mentoring, and challenging goals that create incredible opportunities for both you and the company.
