Compliance Officer & MLRO

Compliance Responsibilities

• Ensure full compliance with all applicable laws, regulations, and regulatory requirements, including those issued by the Capital Market Authority (CMA).
• Develop, implement, and maintain a comprehensive Compliance Framework, including policies, procedures, and internal controls.
• Monitor regulatory updates and assess their operational and strategic impact on the company.
• Act as the primary liaison with regulators on all compliance-related matters.
• Prepare, review, and submit regulatory reports, disclosures, and filings within required timelines.

• Develop, implement, and oversee the Anti‑Money Laundering and Counter‑Terrorist Financing (AML/CFT) program.
• Supervise Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), and ongoing monitoring processes.
• Review and investigate suspicious activities and ensure proper internal escalation procedures.
• File Suspicious Transaction Reports (STRs) and coordinate with the Saudi Financial Intelligence Unit (SAFIU) and other relevant authorities as required.
• Ensure effective sanctions screening, monitoring, and reporting processes are in place.

• Conduct periodic compliance and AML risk assessments and recommend appropriate mitigation measures.
• Perform ongoing compliance monitoring activities and internal reviews.
• Identify compliance gaps and implement corrective action plans.
• Prepare and present compliance and AML reports to senior management and the Board/Compliance Committee.

• Develop, review, and update compliance and AML policies, manuals, and internal procedures.
• Deliver compliance and AML training sessions to employees across departments.
• Promote a strong culture of compliance, integrity, and ethical conduct within the organization.

• Prepare periodic compliance and AML reports for senior management and the Board.
• Maintain proper documentation, audit trails, and regulatory records for inspection purposes.
• Support internal and external audits, as well as regulatory examinations.

• CMA Qualification Requirements (CME) including:
  • CME-1B
  • CME-2A
  • CME-2B
• Equivalent qualifications may be considered where applicable, such as:
  • CFA Level I or above

• 2 to 3 years of relevant experience in Compliance and/or Anti‑Money Laundering within the capital markets or financial services sector.
• Strong knowledge of CMA regulations and compliance obligations.
• Experience in implementing AML/CFT controls, including CDD, EDD, and transaction monitoring.
• Exposure to regulatory reporting, compliance monitoring, or internal compliance reviews is preferred.
• Prior experience within a capital market institution is considered an advantage.
• Proficiency in English and Arabic (essential).