Head of Compliance

What is the Role?

The Head of Compliance is responsible for leading and overseeing the compliance, anti-money laundering (AML), and anti-fraud functions of the company. This pivotal role encompasses both the strategic development and high-level operational execution of compliance policies and procedures.

What Will You Do?

• Lead the company's compliance department in Saudi Arabia, providing guidance, mentorship, and support to ensure professional development and operational excellence.
• Conduct comprehensive reviews and continuous improvements of the company’s compliance frameworks, AML protocols, and fraud prevention strategies to ensure alignment with regulatory requirements and industry best practices.
• Uphold stringent compliance with all regulatory requirements from the Saudi Central Bank, mitigating legal and financial risks.
• Oversee the effectiveness of the AML and CFT programs, ensuring compliance with legal obligations and proactive management of potential threats.
• Manage the anti-fraud team to robustly protect customers from fraudulent activities and swiftly respond to any incidents or alerts.
• Coordinate and lead the preparations for external audits and regulatory inspections to demonstrate compliance and operational integrity.
• Engage in detailed risk assessments during customer onboarding, including enhanced due diligence and ongoing risk evaluations, providing summarized insights to leadership.
• Approve interactions with high-risk customers, ensuring all compliance thresholds are met.
• Supervise the maintenance and accuracy of the KYC database, ensuring it reflects up-to-date risk assessments and compliances.
• Document all compliance-related activities thoroughly to ensure clarity and accountability in audits and reviews.
• Develop and implement technology solutions and operational processes to enhance the effectiveness of compliance, AML, and anti-fraud measures.
• Stay abreast of industry developments and regulatory changes by attending relevant training sessions and conferences and incorporate insights into strategy and training.
• Foster relationships with regulatory bodies and industry leaders in Saudi Arabia to enhance compliance strategies and advocate for the company's interests.

What Qualifications and Requirements are Good to have to be considered for the role?

• Bachelor’s degree (or master’s degree) in business management, business administration or a related field
• 10+ years in a previous legal or compliance role with a minimum of 5 years in a managerial role at regulated financial services, payments, or FinTech company.
• Extensive experience driving technology solutions with cross-functional participation and support.
• Expert knowledge of regulations and compliance standard methodologies related to BSA/AML, OFAC, KYC, and Customer Due Diligence.
• Ability to initiate and lead multiple projects simultaneously and in a timely manner and manage projects from start to finish.
• Effective teamwork skills to bring others along, high energy, and proven team-first mentality.
• Demonstrated ability to build positive relationships, as well as management and influencing skills.
• Excellent verbal and written communication skills, with the ability to adapt to relevant audience, including C-suite level executives, as well as regulators
• High level of integrity, flexibility, willingness, and sense of ownership.

Who we are?

We are visionary FinTech startup based in Riyadh, Saudi Arabia, poised to redefine the financing landscape. Aligned with Saudi Vision 2030 and the Financial Sector Development Program (FSDP), we are building a next-generation smart lending platform designed to deliver unparalleled speed, transparency, and personalization to the market across the Kingdom.

The Opportunity: Building a Legacy, Not Just a Company

We aren’t hiring managers; we are seeking founders-minded leaders to form our pioneer executive team. This is a rare, high-stakes opportunity to lay the foundation of a major regional FinTech player from the ground up.

If you are a builder, a visionary, and a leader ready to shape the financial future of Saudi Arabia, we invite you to send us your CV using the Easy Apply link.