Anti Money laundering Lead Foodics

Lead and oversee all Anti Money Laundering (AML) and Counter-Terrorist Financing (CTF) activities for FoodicsPay, ensuring full compliance with SAMA AML/CTF regulations, FATF guidelines, and internal risk management frameworks. The AML Lead acts as the subject-matter expert and main point of escalation for AML-related matters.

What Will You Do

Governance & Oversight

• Develop, update, and maintain AML/CTF policies, procedures, and standards in line with SAMA regulations.

• Establish the annual AML plan and ensure execution of monitoring processes and thematic reviews.

• Lead the AML Risk Assessment (ML/TF Risk Assessment) including customer, product, channel, and geography risks.
• Define and maintain AML/CTF KRIs and dashboards for senior management and the Board.
  
  Monitoring & Investigations
• Oversee transaction monitoring alerts, reviewing escalated cases and high-risk alerts.
• Manage complex AML investigations, including suspicious activity involving merchants or payment flows.

• Ensure timely filing of Suspicious Transaction Reports (STRs) to the Saudi FIU (GFIU) in accordance with regulatory timelines.
• Sign-off on EDD files, high-risk merchant onboarding, and risk rating adjustments.
  
  Onboarding & KYC Oversight
• Ensure that onboarding processes (KYC, KYB, Beneficial Ownership, MCC validation, sanctions checks) meet regulatory expectations.
• Approve high-risk clients (e.g., cash-intensive merchants, unusual MCCs, high-volume cross-border activities)
  
  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.
  
  Training & Awareness
• Deliver annual AML training and specialized training for frontline and risk teams.
• Ensure continuous AML awareness and testing.
  
  Team Leadership
• Supervise AML analysts/officers, provide coaching, and ensure workload distribution.