Compliance Officer - Saudi Arabia

Overview

• Why should you join dLocal?
• dLocal enables the biggest companies in the world to collect payments in 40 countries in emerging markets.
• Global brands rely on us to increase conversion rates and simplify payment expansion effortlessly.
• As both a payments processor and a merchant of record where we operate, we make it possible for our merchants to make inroads into the world’s fastest-growing, emerging markets.
• By joining us you will be a part of an amazing global team that makes it all happen.
• Being a part of dLocal means working with 1000+ teammates from 30+ different nationalities and developing an international career that impacts millions of people’s daily lives.
• We are builders, we never run from a challenge, we are customer-centric, and if this sounds like you, we know you will thrive in our team.
• We are looking for a Compliance Officer in Saudi Arabia to join our global team.
• This role will play a crucial role in banking relationships as well as with internal reports.
• What I will be doing ?
• KYC Onboarding:
• Oversee and manage the Know Your Customer (KYC) onboarding process for new customers and update existing ones in Saudi Arabia
• Ensure compliance with local and international regulatory requirements related to customer identification and verification
• Transaction Monitoring:
• Implement and enhance transaction monitoring systems to detect and report suspicious activities within the Saudi Arabian context
• Conduct periodic reviews and assessments to ensure the effectiveness of transaction monitoring processes
• AML/CFT Compliance:
• Serve as the primary point of contact for AML/CFT matters in Saudi Arabia
• Possess in-depth knowledge of Anti-Money Laundering (AML) and Counter-Terrorism Financing (CFT) regulations in Saudi Arabia
• Develop and enforce AML/CFT policies and procedures tailored to the Saudi Arabian regulatory environment
• Regulatory Compliance:
• Stay abreast of the regulatory landscape governing the payments industry in Saudi Arabia
• Interpret and communicate regulatory changes, especially those related to AML/CFT requirements, to relevant stakeholders within the organisation
• Establish and maintain strong relationships with regulators in Saudi Arabia
• Remittance Compliance:
• Develop and implement compliance procedures specific to remittances and cross-border payments in Saudi Arabia
• Ensure adherence to regulatory requirements governing remittance services in the Saudi Arabian market
• Risk Assessments:
• Conduct regular risk assessments to identify and mitigate potential compliance risks within the Saudi Arabian context
• Collaborate with other departments to implement risk mitigation strategies
• Reporting:
• Report findings and other compliance matters related to AML/CFT to different stakeholders in Saudi Arabia in a clear and understandable manner
• Ensure timely and accurate reporting to internal and external stakeholders as required by Saudi Arabia regulations
• Training and Awareness:
• Provide training to staff on compliance policies, procedures, and regulatory requirements, with a specific focus on AML/CFT in the Saudi Arabia market
• Foster a culture of compliance awareness within the organisation
• What skills and qualifications do I need?
• Bachelor's degree in a relevant field; additional certifications (e.g., CAMS, ACAMS, ICA) are a must
• 4-6 years of legal experience in consultancy firms, AML, Transaction Monitoring, and KYC within the banking or fintech sector
• Proven experience in a compliance role within the financial services industry, with a focus on payments and remittances
• Hands-on experience in building or implementing compliance-related automations (e.g., workflows, alerts, reporting systems)
• In-depth knowledge of KYC processes, transaction monitoring, and AML/CFT regulations in Saudi Arabia
• Familiarity with Saudi Arabian regulatory frameworks for the payments industry
• Experience in engaging with regulators in Saudi Arabia and maintaining positive relationships
• Strong analytical and problem-solving skills
• What do we offer?
• Besides the tailored benefits we have for each country, dLocal will help you thrive and go that extra mile by offering you:
• Flexibility: we have flexible schedules and we are driven by performance
• Fintech industry: work in a dynamic and ever-evolving environment, with plenty to build and boost your creativity
• Referral bonus program: our internal talents are the best recruiters - refer someone ideal for a role and get rewarded
• Social budget: you'll get a monthly budget to chill out with your team (in person or remotely) and deepen your connections!
• dLocal Houses: want to rent a house to spend one week anywhere in the world coworking with your team? We’ve got your back!
• Flexibility in how you work:
• We focus on impact and productivity over fixed hours.
• This means our teams have flexible schedules and, depending on your role and locatio