Compliance ALM

On behalf of our client we are seeking a Compliance & AML Specialist to join their team in Riyadh.

The compliance & AML Specialist will be responsible for ensuring the integrity and security of company financial systems by developing and implementing robust AML and compliance programs. This position will require a deep understanding of financial regulations risk management and investigative techniques to detect and mitigate financial crimes.

• Develop and maintain a comprehensive AML compliance program aligned with Saudi Arabian regulations (e.g. SAMA CMA FAFT) including policies procedures and controls to detect investigate and report suspicious activities
  
• Conduct ongoing risk assessments transaction monitoring and customer due diligence to identify and address potential money laundering fraud and other financial crimes in the Saudi market
  
• Collaborate with the engineering and product teams to design and build secure compliant data pipelines and customer onboarding processes that meet Saudi Arabian regulatory requirements
  
• Investigate and escalate suspicious activities prepare detailed reports and liaise with Saudi regulatory authorities and law enforcement agencies as necessary
  
• Continuously research and analyze emerging financial crimes regulatory trends and industry best practices in Saudi Arabia to recommend improvements to the AML program
  
• Train and educate crossfunctional teams on AML compliance requirements red flags and reporting procedures specific to the Saudi Arabian financial sector
  
• Serve as a subject matter expert and liaison between the technical and business teams to ensure seamless integration of AML and compliance initiatives within the Saudi Arabian market
  

Requirements

• Bachelors degree in Finance Accounting or a related field
  
• 1 years of experience in an AML or compliance role specifically within the Saudi Arabian financial services or FinTech industry
  
• Thorough understanding of Saudi Arabian financial regulations (e.g. SAMA CMA FAFT) and experience in building and implementing AML compliance programs
  
• Proficiency in investigative techniques data analysis and report writing to detect and mitigate financial crimes in the Saudi Arabian context
  
• Strong background in risk management with the ability to conduct comprehensive risk assessments and implement appropriate controls aligned with Saudi Arabian requirements
  
• Familiarity with financial transaction monitoring tools and knowyourcustomer (KYC) processes tailored for the Saudi Arabian market
  
• Excellent problemsolving analytical and communication skills to work effectively with crossfunctional teams and Saudi regulatory authorities
  
• Ability to work collaboratively in a fastpaced dynamic environment and adapt to changing business and regulatory requirements in Saudi Arabia
  
• Passion for staying uptodate with the latest trends and innovations in FinTech compliance and financial crimes within the Saudi Arabian financial sector