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Chief of Compliance & MLRO

Soar
Riyadh, KSA
Full-time
Mid-Senior
Onsite
Discovered 1 months ago
Compliance program managementMoney laundering reporting officer (MLRO)SAMA regulationsAnti-money laundering (AML)Counter-terrorist financing (CFT)Risk management

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About Soar

Soar is a Saudi Arabia-headquartered fintech startup focused on financing, investment, and financial and property investment solutions.

Its multi-purpose platform is designed to provide a simple and seamless user experience.

Role Purpose

Lead Soar’s compliance function as Chief of Compliance and Money Laundering Reporting Officer.

The role requires extensive Saudi banking or SAMA-licensed financial-services experience and deep knowledge of Saudi regulatory, risk, and AML practices.

Responsibilities

  • Develop and manage the compliance program in line with SAMA and other relevant regulatory requirements.
  • Liaise with SAMA and other regulators and ensure timely, accurate reporting.
  • Oversee AML and CFT policies, procedures, and controls.
  • Lead internal audits and compliance reviews and implement corrective actions.
  • Guide and train departments on compliance requirements.
  • Prepare compliance and AML reports for management and regulators.
  • Monitor regulatory changes and advise on policy and procedure updates.
  • Handle suspicious activity reports, documentation, and escalation.
  • Build a strong compliance culture across the organization.

Requirements

  • Bachelor’s degree in Law, Finance, Business Administration, or a related field.
  • At least 15 years of compliance or AML experience in Saudi banking or SAMA-licensed companies.
  • Extensive experience with home loan or mortgage loan products.
  • In-depth knowledge of SAMA regulations, Saudi AML laws, and compliance standards.
  • Strong leadership, communication, analytical, and problem-solving skills.
  • Fluency in Arabic and English.

Preferred Qualifications

  • Master’s degree or professional certification such as CAMS or CISA.
  • Current employment at a Saudi bank or SAMA-licensed financial institution.
  • Hands-on experience with AML monitoring and reporting systems.

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