Manager Compliance and Anti– Laundering - Finasq

Manager Compliance and Anti‑Money Laundering - Finasq

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To ensure that the company’s brokerage operations fully comply with regulatory requirements, internal policies, and Anti‑Money Laundering (AML) and Counter‑Terrorism Financing (CTF) laws and guidelines. The role also involves overseeing the design, implementation, and monitoring of the compliance and AML frameworks to safeguard the company’s integrity and maintain regulatory approval.

• Regulatory Compliance:
  • Monitor compliance with SAMA regulations, the Anti‑Money Laundering Law, and Finance Companies Control Law.
  • Develop, review, and update internal compliance policies and procedures in line with changes in regulatory requirements.
  • Prepare and submit required reports by HQ and management.
  • Coordinate with internal departments to ensure that products, marketing, and sales activities adhere to approved frameworks and licensing terms.
  • Maintain a regulatory calendar and ensure timely submission of all reports and notifications.
• Anti‑Money Laundering (AML) & Counter‑Terrorist Financing (CTF):
  • Implement and oversee the AML/CTF Program in line with the SAMA AML Guide.
  • Conduct Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) reviews for high‑risk clients and partners.
  • Ensure Screening and Monitoring Systems are implemented (e.g., sanctions, PEPs, adverse media).
  • Investigate and report suspicious transactions (STRs/SARs) to the Saudi FIU.
  • Conduct ongoing transaction monitoring for unusual activity and review alerts generated by systems.
  • Maintain AML training programs for employees and ensure awareness of red flags and obligations.
• Compliance Monitoring & Reporting:
  • Conduct periodic compliance risk assessments and report key findings to management.
  • Develop and execute an annual compliance monitoring plan covering all operational areas.
  • Maintain records of compliance breaches and corrective actions.
• Advisory and Coordination:
  • Advise management and business units on regulatory interpretations, licensing scope, and compliance implications of new products or partnerships.
  • Work with the Legal Department to review contracts and ensure compliance clauses are properly embedded.
  • Collaborate with the Broker Operations, Sales, and IT teams to ensure client onboarding, data management, and transaction flows are compliant.
• Recordkeeping & Training:
  • Ensure proper recordkeeping of all KYC, transaction, and reporting documents.
  • Conduct annual AML/Compliance training sessions for all staff and new joiners.
  • Keep abreast of regulatory developments and best practices in AML/CTF and compliance governance.

• Bachelor’s degree in Law, Finance, Business Administration, or a related field.
• Minimum 5 years of experience in Compliance/AML, preferably in a financial brokerage, fintech, or lending environment.
• Strong understanding of SAMA guidelines, AML Law, and KYC/CTF frameworks.
• Certified AML or Compliance qualification (e.g., CAMS, CCO) is highly desirable.
• Fluency in Arabic and English (both written and verbal).

• Analytical thinking and attention to detail.
• Strong ethical judgment and decision‑making.
• Excellent communication and interpersonal skills.
  
  Risk‑based approach to compliance.
• Proactive and able to work independently under regulatory pressure.

Mid‑Senior level

Full‑time

Legal

Technology, Information and Internet

Riyadh, Saudi Arabia