The company is a global fintech startup based in Riyadh, Saudi Arabia, specializing in financing and investment. The company is on a mission to help individuals achieve their financial goals with innovative financial and property investment solutions through a user-friendly multi-purpose platform.
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As a Chief of Compliance and Money Laundering Reporting Officer (MLRO), you will lead the compliance function, requiring a Saudi national with extensive experience in the Saudi banking sector or in companies licensed by the Saudi Central Bank (SAMA). A deep understanding of regulatory frameworks, risk management, and anti-money laundering (AML) practices in Saudi Arabia is essential for this position.
Job Duties and Responsibilities:
- Develop, implement, and manage the company's compliance program in line with SAMA regulations and other relevant authorities.
- Act as the primary liaison with SAMA and regulatory bodies, ensuring timely and accurate reporting.
- Oversee AML/CFT policies, procedures, and controls.
- Lead internal audits and compliance reviews to identify risks and implement corrective actions.
- Ensure adherence to compliance requirements across departments, providing guidance and training as needed.
- Prepare and submit compliance and AML reports to management and regulators.
- Monitor regulatory changes and advise on necessary adjustments to policies and procedures.
- Handle suspicious activity reports (SARs) with proper documentation and escalation.
- Foster a strong compliance culture within the organization.
Requirements:
- Must be a Saudi national.
- Bachelor's degree in Law, Finance, Business Administration, or related field; Master's degree or professional certifications (e.g., CAMS, CISA) preferred.
- 15+ years of experience in compliance or AML roles within the Saudi banking sector or SAMA-licensed entities.
- Extensive experience with home loans or mortgage loan products.
- In-depth knowledge of SAMA regulations, AML laws, and compliance standards in Saudi Arabia.
- Strong leadership and communication skills to influence at all levels.
- Excellent analytical and problem-solving abilities.
- Fluent in Arabic and English.
Preferred Qualifications:
- Currently employed at a Saudi bank or SAMA-licensed financial institution.
- Hands-on experience with compliance systems and tools for AML monitoring and reporting.
This role presents a unique opportunity to shape and enhance our compliance culture within a rapidly growing organization, aligned with Saudi Arabia’s regulatory landscape.
