Compliance Officer

Summary

Join a global team that makes it all happen in a flexible, remote-first dynamic culture with travel, health, and learning benefits, among others.

Requirements

• Bachelor's degree in a relevant field; additional certifications (e.g., CAMS, ACAMS, ICA) are a must
• 4-6 years of legal experience in consultancy firms, AML, Transaction Monitoring, and KYC within the banking or fintech sector
• Proven experience in a compliance role within the financial services industry, with a focus on payments and remittances
• In-depth knowledge of KYC processes, transaction monitoring, and AML/CFT regulations in Saudi Arabia
• Familiarity with Saudi Arabian regulatory frameworks for the payments industry
• Experience in engaging with regulators in Saudi Arabia and maintaining positive relationships
• Strong analytical and problem-solving skills

Responsibilities

• Oversee and manage the Know Your Customer (KYC) onboarding process for new customers and update existing ones in Saudi Arabia
• Ensure compliance with local and international regulatory requirements related to customer identification and verification
• Implement and enhance transaction monitoring systems to detect and report suspicious activities within the Saudi Arabian context
• Conduct periodic reviews and assessments to ensure the effectiveness of transaction monitoring processes
• Serve as the primary point of contact for AML/CFT matters in Saudi Arabia
• Develop and enforce AML/CFT policies and procedures tailored to the Saudi Arabian regulatory environment
• Stay abreast of the regulatory landscape governing the payments industry in Saudi Arabia
• Interpret and communicate regulatory changes, especially those related to AML/CFT requirements, to relevant stakeholders within the organisation
• Establish and maintain strong relationships with regulators in Saudi Arabia
• Develop and implement compliance procedures specific to remittances and cross-border payments in Saudi Arabia
• Ensure adherence to regulatory requirements governing remittance services in the Saudi Arabian market
• Conduct regular risk assessments to identify and mitigate potential compliance risks within the Saudi Arabian context
• Collaborate with other departments to implement risk mitigation strategies
• Report findings and other compliance matters related to AML/CFT to different stakeholders in Saudi Arabia in a clear and understandable manner
• Ensure timely and accurate reporting to internal and external stakeholders as required by Saudi Arabia regulations
• Provide training to staff on compliance policies, procedures, and regulatory requirements, with a specific focus on AML/CFT in the Saudi Arabia market
• Foster a culture of compliance awareness within the organisation