Anti Money laundering Lead

About Foodics

The Job in a Nutshell

Governance and Oversight

• Develop, update, and maintain AML/CTF policies, procedures, and standards in line with SAMA regulations.
• Establish the annual AML plan and oversee monitoring processes and thematic reviews.
• Lead ML/TF risk assessments covering customer, product, channel, and geographic risks.
• Maintain AML/CTF KRIs and dashboards for senior management and the Board.

Monitoring and Investigations

• Oversee transaction monitoring alerts, escalated cases, and high-risk alerts.
• Manage complex AML investigations involving merchants or payment flows.
• Ensure timely filing of Suspicious Transaction Reports with the Saudi FIU.
• Sign off on enhanced due diligence files, high-risk merchant onboarding, and risk-rating adjustments.

Onboarding and KYC Oversight

• Ensure KYC, KYB, beneficial ownership, MCC validation, and sanctions checks meet regulatory expectations.
• Approve high-risk clients, including cash-intensive merchants, unusual MCCs, and high-volume cross-border activities.

Regulatory Engagement

• Act as the primary point of contact with SAMA and the FIU on AML matters.
• Coordinate regulatory inspections, information requests, and remediation action plans.

Training and Team Leadership

• Deliver annual AML training and specialized training for frontline and risk teams.
• Maintain continuous AML awareness and testing.
• Supervise AML analysts and officers, provide coaching, and ensure workload distribution.

What We Are Looking For

• Bachelor’s degree in finance, law, business, or a related field.
• CAMS certification or an equivalent certification is highly preferred.
• Four to seven years of AML experience, preferably in payments, acquiring, or fintech.
• Strong understanding of SAMA AML/CTF guidelines, FATF recommendations, and digital payments risk typologies.