Compliance Officer

Role Overview

Key Responsibilities

• Support the implementation and ongoing management of the 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.

Skills, Knowledge and Expertise

• 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 them into practical business requirements and compliance actions.
• Experience supporting regulatory examinations, internal audits, compliance reviews, investigations, and remediation activities.
• Strong analytical and problem-solving skills, with the ability to identify regulatory risks and recommend appropriate actions.
• Strong communication and stakeholder management skills, with the ability to work effectively with business and control functions.
• Strong attention to detail and ability to maintain accurate compliance documentation and records.
• Compliance certification such as CAMS, CCO, or an equivalent certification is preferred; additional certifications in risk management, governance, financial crime, or regulatory compliance are considered an advantage.

Benefits

• Inclusive company culture embracing diversity, integrity, and transparency, with a focus on work-life balance.
• 100% trust and freedom to apply your own vision and ideas from day one, with responsibility for your area of work.
• Employee stock options programme available for everyone.
• Opportunity to learn and grow in one of the fastest growing fintech companies in the region.
• Relocation support and guidance through the process.
• Devices required for your work are provided.

Additional Responsibilities