Responsible for designing, implementing, and overseeing the compliance framework of the company to ensure full adherence to Saudi regulatory requirements, internal policies, and ethical standards. The role acts as the primary liaison with regulators and ensures the business operates in a safe, compliant, and sustainable manner.

Key Responsibilities

Regulatory Compliance (Saudi Focus)

• Ensure ongoing compliance with applicable regulations including but not limited to:

  • SAMA (Payments, Financing, EMI, BNPL, POS, etc.)

  • CMA (if applicable)

  • MISA (foreign ownership & licensing)

  • ZATCA (VAT, tax, e-invoicing)

  • AML/CFT laws issued by Saudi authorities

• Monitor regulatory updates, circulars, and guidelines and translate them into actionable internal policies

• Lead regulatory inspections, audits, and supervisory reviews

AML / CFT & Financial Crime

• Act as MLRO (Money Laundering Reporting Officer) where required

• Design and oversee AML/CFT framework including:

  • KYC / KYB

  • Sanctions screening

  • Transaction monitoring

  • STR / SAR reporting

• Ensure alignment with Saudi AML Law, FATF standards, and SAMA guidelines

Compliance Framework & Policies

• Develop and maintain compliance policies, procedures, and manuals

• Implement a risk-based compliance approach

• Establish compliance monitoring and testing programs

• Ensure compliance controls are embedded across products, operations, and technology

Advisory & Business Support

• Provide compliance guidance on:

  • New products and services

  • Partnerships, outsourcing, and vendors

  • Marketing, pricing, and customer communications

• Participate in product approvals and change management processes

• Ensure compliance does not unnecessarily hinder business growth

Governance & Reporting

• Prepare compliance reports for:

  • Senior Management

  • Board / Board Committees

  • Regulators

• Escalate material compliance breaches and regulatory risks

• Support enterprise risk management initiatives

Training & Compliance Culture

• Design and deliver compliance training programs for all staff

• Promote a strong compliance and ethics culture across the organization

• Ensure staff awareness of regulatory obligations and company policies

Regulatory Engagement

• Serve as the primary point of contact with regulators

• Manage regulatory filings, notifications, and approvals

• Support license applications, renewals, and scope expansions

Key Requirements

Education

• Bachelor’s degree in Law, Finance, Business, or related field