Compliance Officer, Finance & Banking

Compliance Officer

Location:

الرياض, S01, SA

This Full time on site position offers great opportunities for career growth.

• Support the implementation and ongoing management of the organization's compliance framework in line with SAMA regulations and applicable regulatory requirements.
• Monitor SAMA circulars, regulatory updates, guidance, and relevant industry developments and assess their impact on the organization's activities.
• Conduct regulatory research and analysis and translate applicable requirements into practical compliance actions and internal requirements.
• Support the development, review, and maintenance of compliance policies, procedures, standards, and controls.
• Perform compliance monitoring and testing activities to assess adherence to regulatory requirements, policies, procedures, and established controls.
• Conduct compliance risk assessments and identify potential regulatory risks, control gaps, and areas requiring remediation.
• Maintain regulatory obligations trackers and monitor the implementation and completion of SAMA regulatory requirements across relevant business functions.
• Provide day-to-day compliance advisory support to business teams on SAMA regulatory requirements, policies, processes, and operational activities.
• Review products, services, processes, partnerships, and business initiatives to identify applicable compliance requirements and potential regulatory risks.
• Support the preparation, review, and submission of regulatory reports and other required regulatory communications.
• Conduct compliance reviews and assessments relating to potential regulatory breaches, policy violations, and control weaknesses.
• Document compliance findings, recommendations, and remediation actions and monitor progress against agreed timelines.
• Support investigations into potential compliance breaches and regulatory issues, escalating material or complex matters to the Compliance Manager.
• Support regulatory examinations, internal audits, and independent compliance reviews by preparing documentation, coordinating responses, and tracking remediation activities.
• Maintain accurate and up-to-date compliance registers, records, trackers, and supporting documentation.
• Prepare compliance reports, monitoring results, regulatory updates, risk assessments, and other materials for management review.
• Support the development and delivery of compliance training and awareness activities.
• Work closely with Risk, Legal, Internal Audit, Operations, Information Security, and business teams to strengthen compliance controls and address regulatory requirements.
• Identify opportunities to improve compliance processes, controls, monitoring activities, and reporting.
• Escalate material compliance risks, breaches, control deficiencies, and regulatory concerns to the Compliance Lead in a timely manner.

• Bachelor's degree in Law, Finance, Business Administration, Accounting, Risk Management, Compliance, or a related discipline.
• At least 3 years of experience in Compliance, Regulatory Compliance, Risk Management, Governance, Audit, or a related function, preferably within banking, financial services, fintech, or another regulated environment.
• Good working knowledge of SAMA regulatory requirements and applicable Saudi financial services regulations.
• Good understanding of compliance frameworks, SAMA regulatory obligations, compliance monitoring and testing, risk assessments, and internal controls.
• Experience conducting compliance monitoring, regulatory research, compliance reviews, risk assessments, or related compliance activities.
• Experience developing, reviewing, and maintaining compliance policies, procedures, and controls.
• Ability to interpret SAMA regulatory requirements and translate…