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Compliance Officer

Tamara
Riyadh, KSA
Full-time
Entry
Onsite
Discovered Today
SAMA regulatory framework for payment servicesRegulatory reportingPolicy reviewCompliance monitoringArabicEnglish

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About Tamara

Tamara is a shopping and payments platform in Saudi Arabia and the GCC region.

The company is headquartered in Riyadh and has offices in the UAE, Egypt, Germany, and Vietnam.

Tamara partners with global and regional brands and is backed by investors including SNB Capital, Sanabil Investments, Checkout.com, Coatue, Shorooq Partners, and Endeavor Catalyst.

Your Role

Support the Compliance Department in ensuring full adherence to SAMA regulations applicable to payment services, including EMI license activities and other PSP categories.

The role involves both advisory and monitoring responsibilities to ensure ongoing regulatory compliance.

Your Responsibilities

  • Ensure compliance with all applicable SAMA regulations related to payment services (e.g., EMI, PSP, wallet providers).
  • Review and approve new products to ensure alignment with SAMA requirements.
  • Monitor internal processes and product structures for regulatory adherence.
  • Track, interpret, and implement changes from SAMA circulars and regulatory updates.
  • Review and maintain internal policies and procedures to ensure consistency with current SAMA regulations.
  • Ensure receipt and proper dissemination of all circulars and publications issued by SAMA and follow up with relevant departments for timely implementation.
  • Prepare and submit accurate regulatory reports to SAMA within required timelines.
  • Review management reports submitted to SAMA for accuracy and completeness.
  • Coordinate with internal teams to collect and validate data required by SAMA.
  • Support regulatory inspections, audits, and remediation actions as needed.
  • Provide advisory support to internal stakeholders on payment-related compliance matters.

Your Expertise

  • Bachelor's degree in Law, Business, Finance, or a related field.
  • Minimum 1-2 years of experience in a compliance role at a SAMA-regulated entity operating in the payments sector.
  • Solid understanding of SAMA's regulatory framework for payment services.
  • Experience in regulatory reporting and policy review.
  • Fluent in English and Arabic (spoken and written).
  • Strong communication, coordination, and analytical skills.
  • Detail-oriented and able to manage multiple priorities effectively.

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