Compliance & ALM
Job in
Riyadh, Riyadh Region, Saudi Arabia
Listed on 2026-10-07
Listing for:
Zohorecruit
Full Time
position Listed on 2026-10-07
Job specializations:
-
Finance & Banking
Regulatory Compliance Specialist, Financial Compliance, Financial Crime
Job Description & How to Apply Below
Riyadh, Saudi Arabia | Posted on 06/23/2024
On behalf of our client, we are seeking a Compliance& AML Specialist to join their team in Riyadh.
Job SummaryThe 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.
Responsibilities- Develop and maintain a comprehensiveAML compliance program aligned with Saudi Arabian regulations (e.g., SAMA, CMA,FAFT), including policies, procedures, and controls to detect, investigate, andreport 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 Saudimarket
- 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 escalation suspiciousactivities, prepare detailed reports, and liaise with Saudi regulatory authorities and law enforcement agencies as necessary
- Continuously research and analyzeemerging financial crimes, regulatory trends, and industry best practices in Saudi Arabia to recommend improvements to the AML program
- Train and educate cross-functional teams on AML compliance requirements, red flags, and reporting proceduresspecific to the Saudi Arabian financial sector
- Serve as a subject matter expert andliaison between the technical and business teams to ensure seamless integration of AML and compliance initiatives within the Saudi Arabian market
- Bachelor's 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 orFinTech industry
- Thorough understanding of Saudi Arabian financial regulations (e.g., SAMA, CMA, FAFT) and experience in building and implementing AML compliance programs
- Proficiency in investigativetechniques, data analysis, and report writing to detect and mitigate financialcrimes 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 transactionmonitoring tools and know-your-customer (KYC) processes tailored for the Saudi Arabian market
- Excellent problem-solving, analytical,and communication skills to work effectively with cross-functional teams and Saudi regulatory authorities
- Ability to work collaboratively in a fast-paced, dynamic environment and adapt to changing business and regulatory requirements in Saudi Arabia
- Passion for staying up-to-date withthe latest trends and innovations in Fin Tech, compliance, and financial crimeswithin the Saudi Arabian financial sector
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