Head of Compliance and AML
1957 VenturesRiyadh, Riyadh Region, Saudi Arabia1 day ago
Job descriptionOversee the continuous monitoring of SAMA regulations, directives, circulars, and other legal requirements, ensuring the company’s policies and procedures are promptly updated to reflect any changes. Manage all regulatory reporting, including suspicious transaction reports (STRs), and ensure timely and accurate submissions to the relevant authorities. Provide expert advice to senior management and all business units on compliance matters, including the launch of new products or services. Conduct regular compliance audits and risk assessments to identify, evaluate, and mitigate potential regulatory risks. Design, implement, and maintain a robust, risk‑based AML / CTF program in accordance with SAMA’s framework and international best practices. Oversee Know Your Customer (KYC) and Customer Due Diligence (CDD) processes, ensuring they are effective and aligned with regulatory standards. Lead the implementation and optimization of a transaction monitoring system to detect and report suspicious activities. Conduct internal investigations of suspicious activities and maintain comprehensive records and audit trails. Draft and maintain comprehensive compliance and AML policies, procedures, and manuals. Develop and deliver mandatory compliance and AML training programs for all employees, ensuring a high level of awareness and understanding of regulatory obligations. Collaborate with the Internal Audit function to conduct periodic reviews and address any findings. Prepare and present regular compliance reports to the Board of Directors and senior management, highlighting key risks, issues, and performance metrics. Foster strong relationships with key internal stakeholders, including Legal, Risk, Operations, and Technology teams. Ensure compliance with other relevant laws and regulations in Saudi Arabia, such as those related to data protection (PDPL), cybersecurity, and corporate governance. Education : Bachelor’s degree in Business Administration, Finance, Law, or a related field. A Master’s degree is a plus. Experience : Minimum of 2‑5 years of progressive experience in compliance and AML roles within the financial services sector in Saudi Arabia. Experience working with a fintech or a financial institution regulated by SAMA is a must. Certifications : Relevant professional certifications are preferred. Skills : Deep and current knowledge of SAMA’s regulatory framework, including the Payment Services Provider (PSP) regulations and the SAMA Cybersecurity Framework. Strong understanding of AML / CTF laws, principles, and best practices. Excellent leadership, communication, and interpersonal skills. Fluency in both English and Arabic is required. Exceptional analytical and problem‑solving abilities. Mid‑Senior level Full‑time Accounting / Auditing
Position Summary
We are looking for an experienced and highly skilled Head of Compliance and AML to lead our regulatory and AML function. As a senior leader, you’ll be responsible for developing, implementing, and overseeing our compliance framework to ensure strict adherence to all regulations from the Saudi Central Bank (SAMA) and other relevant authorities. This role is critical to protecting our company from legal, reputational, and financial risks while enabling innovation in a rapidly evolving market.
Key Responsibilities
- Develop and execute the overall compliance and AML strategy in line with the company’s business objectives and SAMA’s regulatory requirements.
- Lead and mentor a team of compliance professionals, fostering a strong culture of compliance, integrity, and ethical conduct throughout the organization.
- Serve as the primary point of contact for SAMA and other regulatory bodies on all compliance and AML‑related matters.
Regulatory Compliance :
Policy & Training :
General Duties :
Requirements
Qualifications
Seniority level
Employment type
Job function
Referrals increase your chances of interviewing at 1957 Ventures by 2x
Riyadh, Riyadh, Saudi Arabia 13 hours ago
#J-18808-Ljbffr
Create a job alert for this search
Head Of • Riyadh, Riyadh Region, Saudi Arabia
Related jobs
- Promoted
Head of Compliance - Finance
Premium Solutions ConsultancyRiyadh, Saudi Arabia We are seeking a highly experienced Head of Compliance to lead the compliance and AML functions for a reputable financial institution in Riyadh.
The role ensures the organization meets its regulator...Show moreLast updated: 10 days ago
- Promoted
Head of Governance, Risk & Compliance (GRC)
أديرا للضيافة | Adeera Hospitality - a PIF CompanyRiyadh, Saudi Arabia Head of Governance, Risk & Compliance (GRC).About Adeera Hospitality Adeera Hospitality, a PIF company, is set to become Saudi Arabia’s national hospitality champion.
Headquartered in Riyadh, Adeera...Show moreLast updated: 30+ days ago
- Promoted
C&AFC - Deputy Compliance Officer & MLRO - DSSA, Associate / AVP
Deutsche BankRiyadh, Saudi Arabia The MLRO and Deputy Compliance Officer is responsible for providing support to the business advisory team in their engagement with relevant business and / or infrastructure areas.They typically hav...Show moreLast updated: 30+ days ago
- Promoted
- New!
Associate Director - Procurement Compliance Audit
Qiddiya Investment CompanyRiyadh, Riyadh, Saudi Arabia The Associate Director - Procurement Compliance, Audit, Learning and Development is responsible for establishing and overseeing the organization's procurement compliance strategies, conducting comp...Show moreLast updated: 16 hours ago
- Promoted
- New!
Compliance Lead
Tabby | تابيRiyadh, Riyadh Region, Saudi Arabia As the Compliance Lead for Tabby in Saudi Arabia, you will be the driving force behind the development and execution of Tabby's compliance strategy and framework.
Your primary responsibility will be...Show moreLast updated: 16 hours ago
- Promoted
Director - Procurement Compliance, Audit, Learning and Development (COR 535)
Qiddiya Investment CompanyRiyadh, Riyadh Region, Saudi Arabia The Associate Director – Procurement Compliance, Audit, Learning and Development is responsible for establishing and overseeing the organization's procurement compliance strategies, conducting comp...Show moreLast updated: 2 days ago
- Promoted
Chief of Compliance & MLRO
Soar Software Development CompanyRiyadh, Saudi Arabia About Us Soar is a global fintech startup that specializes in financing and investment.Currently headquartered in Saudi Arabia, Soar is growing throughout the region with a mission to help people a...Show moreLast updated: 10 days ago
- Promoted
EM Legal & Compliance Manager
STADA Arzneimittel AGRiyadh, Riyadh Region, Saudi Arabia STADA is a leading manufacturer of high-quality pharmaceuticals.With a long-standing heritage rooted in pharmacies, we are perceived as a reliable and trustworthy partner since 1895.With our produc...Show moreLast updated: 19 days ago
- Promoted
Chief of Compliance & MLRO
SoarRiyadh, Saudi Arabia Be among the first 25 applicants.Get AI-powered advice on this job and more exclusive features.Soar is a global fintech startup that specializes in financing and investment.Currently headquartered ...Show moreLast updated: 16 days ago
- Promoted
C&AFC - Deputy Compliance Officer & MLRO - DSSA, Associate / AVP
Deutsche BankRiyadh, Saudi Arabia Details of the Division and Team : .The MLRO and Deputy Compliance Officer is responsible for providing support to the business advisory team in their engagement with relevant business and / or infrast...Show moreLast updated: 19 days ago
- Promoted
Head Of Compliance - KSA
Bank of JordanRiyadh, Saudi Arabia In the Compliance Department, the role is pivotal in aligning the bank’s operations with regulatory standards and ensuring across‑branch compliance.
Participates in setting the annual compliance obj...Show moreLast updated: 30+ days ago
- Promoted
Compliance Officer and MLRO (KSA) | Riyadh, SA
Michael PageRiyadh, Saudi Arabia Opportunity to be part of a Global Asset Manager Strong Compensation Package Opportunity to be part of a Global Asset Manager Strong Compensation Package.
The client is a top-tier Global Asset Manag...Show moreLast updated: 30+ days ago
- Promoted
Compliance & AML Specialist
Dal دالRiyadh, Saudi Arabia Job Description : Compliance & AML Specialist Company : .Dal is a Saudi-born SaaS RegTech company powering the financial sector with advanced compliance and governance solutions.We combine regulatory ...Show moreLast updated: 11 days ago
- Promoted
Compliance Manager
j. awan capitalRiyadh, Saudi Arabia Overview Direct message the job poster from j.Global Talent Acquisition | Executive Recruitment | Bespoke Recruitment Solutions | Governance, Risk… Job Details Job Title : .Riyadh (KSA) with the expe...Show moreLast updated: 16 days ago
- Promoted
Head Of Compliance - KSA | Riyadh, SA
Bank of JordanRiyadh, Saudi Arabia Head Of Compliance - KSA Bank of Jordan Riyadh, Saudi Arabia.Posted 12 days ago Permanent Competitive Head Of Compliance - KSA Participates in setting the annual compliance objectives for the affil...Show moreLast updated: 30+ days ago
- Promoted
Compliance Lead
TabbyRiyadh, Saudi Arabia As the Compliance Lead for Tabby in Saudi Arabia, you will be the driving force behind the development and execution of Tabby's compliance strategy and framework.
Your primary responsibility will be...Show moreLast updated: 11 days ago
- Promoted
Compliance Officer and MLRO (KSA)
Michael PageRiyadh, Saudi Arabia Opportunity to be part of a Global Asset Manager.The client is a top-tier Global Asset Manager.The duties and responsibilities of this position will include, but are not limited to the following : De...Show moreLast updated: 30+ days ago
- Promoted
Compliance Specialist
MaqsamRiyadh, Riyadh Region, Saudi Arabia Maqsam is the leading Arabic AI-powered Contact Center Solution in the MENA region designed to revolutionize customer experience.
Leveraging groundbreaking advancements in AI technology, Maqsam has ...Show moreLast updated: 1 day ago