Chief of Compliance & MLRO

About Us

Role Purpose

• As a Chief of Compliance and Money Laundering Reporting Officer (MLRO) you will lead our compliance function.
• The ideal MLRO must be a Saudi national with extensive experience in the Saudi banking sector or in companies licensed by the Saudi Central Bank (SAMA).
• This role requires deep knowledge of regulatory frameworks, risk management, and anti-money laundering (AML) practices in Saudi Arabia.
• Job duties and Responsibilities:
• Develop, implement, and manage the company's compliance program in line with SAMA regulations and other relevant regulatory authorities.
• Act as the primary liaison with SAMA and other regulatory bodies, ensuring timely and accurate reporting.
• Oversee and manage all AML/CFT (Anti-Money Laundering/Combating the Financing of Terrorism) policies, procedures, and controls.
• Lead internal audits and compliance reviews to identify potential risks and implement corrective actions.
• Ensure all departments adhere to compliance requirements, offering guidance and training where necessary.
• Prepare and submit regular compliance and AML reports to senior management and regulators.
• Monitor regulatory changes and advise on necessary adjustments to policies and procedures.
• Handle suspicious activity reports (SARs) and ensure proper documentation and escalation.
• Foster a strong compliance culture across the organization.

Requirements

• Saudi national (mandatory).
• Bachelor's degree in Law, Finance, Business Administration, or a related field. Master's degree or professional certifications (e.g., CAMS, CISA) are preferred.
• 15+ years of experience in compliance or AML roles within the Saudi banking sector or in companies licensed by SAMA.
• Extensive experience working on home loans or mortgage loan products.
• In-depth knowledge of SAMA regulations, AML laws, and compliance standards in Saudi Arabia.
• Strong leadership and communication skills, with the ability to influence at all levels of the organization.
• Excellent analytical and problem-solving skills.
• Fluency in both Arabic and English.

Preferred Qualifications

• Currently working in a Saudi bank or a SAMA-licensed financial institution.
• Hands-on experience with compliance systems and tools used for AML monitoring and reporting.
• This role offers a unique opportunity to shape and strengthen our compliance culture in a fast-growing organization aligned with Saudi Arabia’s regulatory landscape.