Chief of Compliance & MLRO
Soar Software Development Company
Employer Active
Posted 7 hrs ago
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Experience
15 - 17 Years
Job Location
Education
Bachelor of Commerce(Commerce), Bachelor of Business Administration(Management)
Nationality
Any Nationality
Gender
Not Mentioned
Vacancy
1 Vacancy
Job Description
Roles & Responsibilities
Develop, implement, and manage the company's compliance program in line with SAMA regulations and other relevant regulatory authorities.
Act as the primary liaison with SAMA and other regulatory bodies, ensuring timely and accurate reporting.
Oversee and manage all AML/CFT (Anti-Money Laundering/Combating the Financing of Terrorism) policies, procedures, and controls.
Lead internal audits and compliance reviews to identify potential risks and implement corrective actions.
Ensure all departments adhere to compliance requirements, offering guidance and training where necessary.
Prepare and submit regular compliance and AML reports to senior management and regulators.
Monitor regulatory changes and advise on necessary adjustments to policies and procedures.
Handle suspicious activity reports (SARs) and ensure proper documentation and escalation.
Foster a strong compliance culture across the organization.
Desired Candidate Profile
Saudi national (mandatory).
- Bachelor's degree in Law, Finance, Business Administration, or a related field. Master's degree or professional certifications (e.g., CAMS, CISA) are preferred.
- 15+ years of experience in compliance or AML roles within the Saudi banking sector or in companies licensed by SAMA.
- Extensive experience working on home loans or mortgage loan products.
- In-depth knowledge of SAMA regulations, AML laws, and compliance standards in Saudi Arabia.
- Strong leadership and communication skills, with the ability to influence at all levels of the organization.
- Excellent analytical and problem-solving skills.
- Fluency in both Arabic and English.
Company Industry
- Banking
- Financial Services
- Broking
Department / Functional Area
- Finance
- Treasury
Keywords
- Chief Of Compliance & MLRO
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Soar Software Development Company
Soar is a global fintech startup that specializes in financing and investment. Currently headquartered in Saudi Arabia, Soar is growing throughout the region with a mission to help people achieve their financial goals with innovative financial and property investment solutions and tools through its multi-purpose platform, designed to offer a simple and seamless user experience.
https://apply.workable.com/soar-software-development-company/j/70CCC34252/