Compliance Officer
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Key skills for this role
About the Role
Oversee KYC onboarding, transaction monitoring, and AML/CFT compliance while ensuring adherence to regulatory requirements in Saudi Arabia; requires relevant degree and certific.
Key Skills for This Role
Responsibilities
- Oversee and manage the KYC onboarding process for new customers and update existing ones in Saudi Arabia
- Implement and enhance transaction monitoring systems to detect and report suspicious activities within the Saudi Arabian context
- 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
- 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
- Conduct regular risk assessments to identify and mitigate potential compliance risks within the Saudi Arabian context
- Report findings and other compliance matters related to AML/CFT to different stakeholders in Saudi Arabia
- Provide training to staff on compliance policies, procedures, and regulatory requirements, with a specific focus on AML/CFT in the Saudi Arabia market
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
- Hands on experience in building or implementing compliance related automations (e.g., workflows, alerts, reporting systems)
- 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
Full Job Posting
What I will be doing?
- KYC Onboarding: Oversee and manage the Know Your Customer (KYC) onboarding process for new customers and update existing ones in Saudi Arabia.
- Transaction Monitoring: Implement and enhance transaction monitoring systems to detect and report suspicious activities within the Saudi Arabian context.
- AML/CFT Compliance: Serve as the primary point of contact for AML/CFT matters in Saudi Arabia.
- Regulatory Compliance: Stay abreast of the regulatory landscape governing the payments industry in Saudi Arabia.
- Remittance Compliance: Develop and implement compliance procedures specific to remittances and cross border payments in Saudi Arabia.
- Risk Assessments: Conduct regular risk assessments to identify and mitigate potential compliance risks within the Saudi Arabian context.
- Reporting: Report findings and other compliance matters related to AML/CFT to different stakeholders in Saudi Arabia.
- Training and Awareness: Provide training to staff on compliance policies, procedures, and regulatory requirements.
What skills and qualifications do I need?
- 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.
- Hands on experience in building or implementing compliance related automations (e.g., workflows, alerts, reporting systems).
- 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.
What do we offer?
- Flexibility: flexible schedules and performance driven.
- Fintech industry: work in a dynamic and ever evolving environment.
- Referral bonus program.
- Social budget: monthly budget to chill out with your team.
- dLocal Houses: rent a house to spend one week coworking with your team.
- Flexibility in how you work: focus on impact and productivity over fixed hours.
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