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As a 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 their impact on organizational activities
- Conduct regulatory research and analysis, translating 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 to identify regulatory risks, control gaps, and remediation areas
- Maintain regulatory obligations trackers and monitor SAMA requirement implementation across business functions
- Provide day-to-day compliance advisory support to business teams
- Review products, services, processes, partnerships, and initiatives for compliance requirements and regulatory risks
- Support preparation and submission of regulatory reports and communications
- Conduct compliance reviews and assessments for potential breaches, policy violations, and control weaknesses
- Document findings, recommendations, and remediation actions; monitor progress
- Support investigations into compliance breaches and regulatory issues, escalating material matters
- Support regulatory examinations, internal audits, and independent reviews
- Maintain accurate compliance registers, records, and documentation
- Prepare compliance reports, monitoring results, and risk assessments for management
- 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 the Compliance Lead
Requirements:
- 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 another regulated environment
- Good working knowledge of SAMA regulatory requirements and applicable Saudi financial services regulations
- Good understanding of compliance frameworks, SAMA regulatory obligations, compliance monitoring and testing, 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 regulatory requirements and translate them into practical business requirements
- Experience supporting regulatory examinations, internal audits, compliance reviews, investigations, and remediation activities
- Strong analytical and problem-solving skills to identify regulatory risks and recommend actions
- Strong communication and stakeholder management skills
- Strong attention to detail and ability to maintain accurate compliance documentation
- Ability to manage multiple priorities and work independently in a fast-paced regulated environment
- High level of integrity, professionalism, confidentiality, and sound regulatory judgment
- Compliance certification such as CAMS or CCO preferred
- Additional certifications in risk management, governance, financial crime, or regulatory compliance considered an advantage
