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Foodics is a leading restaurant management ecosystem and payment technology provider founded in 2014, headquartered in Riyadh with offices across 5 countries (UAE, Egypt, Jordan, Kuwait). The company serves customers in over 35 countries and has processed over 6 billion orders. Foodics recently raised $170 million in the largest SaaS funding round in MENA, positioning itself as one of the most rapidly evolving SaaS companies from the region.
In this role, you will support the AML Lead in conducting daily anti-money laundering monitoring, customer due diligence, investigations, and regulatory reporting to ensure compliance with SAMA (Saudi Arabian Monetary Authority) and FIU (Financial Intelligence Unit) requirements.
Key responsibilities include:
**Customer Due Diligence & Onboarding:** Perform KYC/KYB checks during merchant onboarding and validate completeness of company documents. Validate CR (Commercial Registration), National Address, MCC (Merchant Category Code), Beneficial Ownership, and IBAN ownership. Conduct sanctions, PEP (Politically Exposed Person), and adverse media screening.
**Enhanced Due Diligence & High-Risk Reviews:** Conduct Enhanced Due Diligence on high-risk merchants. Review unusual patterns in merchant profiles, including transaction volatility, abnormal MCC behavior, and cash-like activities. Approve high-risk clients such as cash-intensive merchants, unusual MCCs, and high-volume cross-border activities.
**Monitoring & Investigations:** Review AML alerts, analyze customer behavior, and escalate suspicious activity to the AML Lead. Conduct initial AML case investigations and prepare case summaries. Assist in preparing STRs (Suspicious Transaction Reports) for submission.
**Regulatory Engagement:** Act as the primary point of contact with SAMA and FIU regarding AML matters. Coordinate regulatory inspections, information requests, and remediation action plans.
**Regulatory Reporting & Documentation:** Maintain AML logs, investigation records, and supporting evidence. Ensure timely documentation in the case management system.
**Training & Awareness:** Support the delivery of AML training to new joiners and operational teams.
Foodics offers an inclusive and diverse culture that encourages innovation and flexibility. The company provides highly competitive compensation packages including bonuses and potential equity, prioritizes personal development with regular training and annual learning stipends, and offers autonomy, mentoring, and challenging goals in a hyper-growth environment.
**Requirements:**
- Bachelor's degree in Finance, Law, Business, or related field
- 1–2 years' experience in AML, fraud, or compliance
- Strong analytical skills and working knowledge of AML systems
- Knowledge of SAMA AML requirements and FIU STR procedures (preferred)
