Head of Compliance - Vice President
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Key skills for this role
About the Role
MUFG is seeking a Head of Compliance for its Riyadh Branch to oversee compliance risks, develop programs, and act as MLRO. The role requires deep knowledge of SAMA regulations and extensive banking compliance experience in KSA.
Key Skills for This Role
Responsibilities
- Oversee identification, assessment, and management of all compliance risks related to the bank’s operations in accordance with SAMA regulations and internal policies
- Develop, implement, and update comprehensive compliance programmes addressing legal requirements and regulatory changes
- Act as primary point of contact for regulatory authorities including SAMA; manage regulatory examinations
- Lead AML and CTF efforts by monitoring transactions, investigating suspicious activities, and reporting to authorities
- Draft new policies and procedures; review existing documentation for alignment with laws and best practices
- Educate staff on compliance matters through tailored training programmes
- Prepare detailed reports for senior management and committees on compliance status and risk assessments
- Collaborate with global compliance divisions in Tokyo and London on cross border projects
- Support recruitment, training, performance management, and professional development for direct reports
- Represent MUFG at external events and build networks with peer institutions
Requirements
- Extensive experience working within banking compliance functions in KSA (at least 5 years)
- Deep understanding of SAMA regulatory frameworks
- Demonstrated ability to manage AML controls including transaction monitoring and suspicious activity investigation
- Experience drafting comprehensive policies from inception
- Exceptional interpersonal skills to collaborate across departments and with regulators
- Proven capability in leading teams
- Outstanding written and verbal communication skills in both Arabic and English
- Strong organisational abilities and attention to detail
Full Job Posting
Opportunity Overview
- MUFG, one of the world’s leading financial groups, is seeking a Head of Compliance for its Riyadh Branch in Saudi Arabia.
- This role offers the opportunity to shape and safeguard the compliance culture, ensuring strict adherence to SAMA regulations and international best practices.
- As Head of Compliance and MLRO, you will protect MUFG’s reputation, support business growth, and foster a collaborative environment.
What you'll do
- Oversee identification, assessment, and management of all compliance risks related to the bank’s operations in accordance with SAMA regulations and internal policies.
- Develop, implement, and regularly update comprehensive compliance programmes that address legal requirements, regulatory changes, and industry standards.
- Act as the primary point of contact for regulatory authorities including SAMA; manage regulatory examinations and ensure timely responses.
- Lead anti money laundering (AML) and counter terrorist financing (CTF) efforts by monitoring transactions, investigating suspicious activities, reporting findings, and maintaining robust records.
- Draft new policies and procedures from scratch as required; review existing documentation to ensure ongoing alignment with evolving laws and best practices.
- Educate staff at all levels on compliance matters through tailored training programmes that respond dynamically to emerging issues or regulatory updates.
- Prepare detailed reports for senior management and committees on compliance status, risk assessments, violations identified, corrective actions taken, and training outcomes.
- Collaborate with global compliance divisions in Tokyo and London on cross border projects; roll out global initiatives locally while ensuring cultural sensitivity and local relevance.
- Support recruitment, training, performance management, and professional development for direct reports within the compliance function.
- Represent MUFG at external events such as conferences or seminars; build networks with peer institutions to share knowledge on current issues affecting the compliance landscape.
What you bring
- Extensive experience working within banking compliance functions in KSA—at least five years’ proven track record is essential.
- Deep understanding of SAMA regulatory frameworks combined with practical expertise in implementing local banking laws and international standards.
- Demonstrated ability to manage anti money laundering (AML) controls including transaction monitoring, investigation of suspicious activities, reporting obligations, and database maintenance.
- Experience drafting comprehensive policies from inception as well as reviewing contracts or marketing materials for regulatory conformity.
- Exceptional interpersonal skills enabling you to collaborate effectively across departments while building strong relationships with regulators or external auditors.
- Proven capability in leading teams: setting objectives, conducting performance reviews, mentoring junior staff members, and fostering an inclusive environment focused on continuous improvement.
- Outstanding written and verbal communication skills in both Arabic and English—essential for preparing reports or delivering training sessions across diverse audiences.
- Strong organisational abilities allowing you to plan strategically while responding flexibly to urgent priorities or changing regulatory landscapes.
- A calm approach under pressure coupled with excellent attention to detail ensures accuracy even when managing large workloads or tight deadlines.
- Personal alignment with MUFG’s core values: integrity & responsibility; professionalism & teamwork; client centricity; people focus; openness; innovation; execution.
What sets this company apart
- MUFG stands out as one of the world’s most trusted financial groups—a reputation built on more than 360 years of history serving clients across continents.
- In joining MUFG’s Riyadh Branch as Head of Compliance, you become part of an organisation renowned for its commitment to integrity, responsibility, professionalism, teamwork, client centricity, innovation, simplicity—and above all else: people.
- The company fosters an inclusive environment where every voice is valued; employees are encouraged to share ideas openly while benefiting from extensive support networks spanning EMEA regions.
- With access to global resources yet empowered by local autonomy within KSA’s dynamic market context—you’ll find ample opportunities for professional growth alongside colleagues who genuinely care about each other’s success.
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