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Compliance Officer - Saudi Arabia

dLocal
, KSA
Full Time
Mid
KYCAML/CFTTransaction MonitoringRegulatory ComplianceRisk AssessmentCAMS
Free

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KYCAML/CFTTransaction Monitoring
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Why should you join dLocal?

  • dLocal enables the biggest companies in the world to collect payments in 40 countries in emerging markets.
  • Global brands rely on us to increase conversion rates and simplify payment expansion effortlessly.
  • As both a payments processor and a merchant of record where we operate, we make it possible for our merchants to make inroads into the world’s fastest growing, emerging markets.
  • By joining us you will be a part of an amazing global team that makes it all happen.
  • Being a part of dLocal means working with 1000+ teammates from 30+ different nationalities and developing an international career that impacts millions of people’s daily lives.
  • We are builders, we never run from a challenge, we are customer centric, and if this sounds like you, we know you will thrive in our team.

Role Overview

  • We are looking for a Compliance Officer in Saudi Arabia to join our global team.
  • This role will play a crucial role in banking relationships as well as with internal reports.

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.
  • Ensure compliance with local and international regulatory requirements related to customer identification and verification.
  • Transaction Monitoring: 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.
  • AML/CFT Compliance: Serve as the primary point of contact for AML/CFT matters in Saudi Arabia.
  • Possess in depth knowledge of Anti Money Laundering (AML) and Counter Terrorism Financing (CFT) regulations in Saudi Arabia.
  • Develop and enforce AML/CFT policies and procedures tailored to the Saudi Arabian regulatory environment.
  • Regulatory Compliance: 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.
  • Remittance Compliance: 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.

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: we have flexible schedules and we are driven by performance.
  • Fintech industry: work in a dynamic and ever evolving environment, with plenty to build and boost your creativity.
  • Referral bonus program: our internal talents are the best recruiters refer someone ideal for a role and get rewarded.
  • Social budget: you'll get a monthly budget to chill out with your team (in person or remotely) and deepen your connections!
  • dLocal Houses: want to rent a house to spend one week anywhere in the world coworking with your team? We’ve got your back!
  • Flexibility in how you work: We focus on impact and productivity over fixed hours. This means our teams have flexible schedules and, depending on your role and location...

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