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As Compliance Officer, you will support the implementation and ongoing management of the organization's compliance framework to ensure adherence to SAMA (Saudi Arabian Monetary Authority) regulatory requirements, applicable laws, and internal policies.
Key responsibilities include:
- Monitor SAMA circulars, regulatory updates, and industry developments; assess impact on organizational activities
- Conduct regulatory research and analysis; translate requirements into practical compliance actions
- Develop, review, and maintain compliance policies, procedures, standards, and controls
- Perform compliance monitoring and testing to assess adherence to regulatory requirements and controls
- Conduct compliance risk assessments; identify regulatory risks, control gaps, and remediation areas
- Maintain regulatory obligations trackers and monitor implementation across business functions
- Provide day-to-day compliance advisory support to business teams on SAMA requirements and policies
- Review products, services, processes, partnerships, and business initiatives for compliance requirements and regulatory risks
- Support preparation, review, and submission of regulatory reports and communications
- Conduct compliance reviews and assessments relating to potential breaches, policy violations, and control weaknesses
- Document findings, recommendations, and remediation actions; monitor progress
- Support investigations into potential compliance breaches and regulatory issues
- Support regulatory examinations, internal audits, and independent compliance reviews
- Maintain accurate compliance registers, records, trackers, and documentation
- Prepare compliance reports, monitoring results, and risk assessments for management review
- Support compliance training and awareness activities
- Collaborate with Risk, Legal, Internal Audit, Operations, Information Security, and business teams
- Identify opportunities to improve compliance processes and controls
- Escalate material compliance risks and regulatory concerns to Compliance Lead
Required qualifications:
- Bachelor's degree in Law, Finance, Business Administration, Accounting, Risk Management, Compliance, or related discipline
- At least 3 years of experience in Compliance, Regulatory Compliance, Risk Management, Governance, Audit, or related function, preferably in banking, financial services, fintech, or regulated environment
- Good working knowledge of SAMA regulatory requirements and Saudi financial services regulations
- Understanding of compliance frameworks, SAMA obligations, compliance monitoring, risk assessments, and internal controls
- Experience conducting compliance monitoring, regulatory research, compliance reviews, and risk assessments
- Experience developing, reviewing, and maintaining compliance policies, procedures, and controls
- Ability to interpret SAMA requirements and translate into practical business requirements
- Experience supporting regulatory examinations, audits, compliance reviews, investigations, and remediation
- Strong analytical and problem-solving skills
- Strong communication and stakeholder management skills
- Strong attention to detail and ability to maintain accurate documentation
- Ability to manage multiple priorities independently in fast-paced regulated environment
- High integrity, professionalism, confidentiality, and sound regulatory judgment
Preferred qualifications:
- Compliance certifications such as CAMS or CCO
- Additional certifications in risk management, governance, financial crime, or regulatory compliance
