Overview
Chief of Compliance & MLRO Jobs in Riyadh, Saudi Arabia at Soar Software Development Company
About Us:
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.
Role
Purpose:
As a Chief of Compliance and Money Laundering Reporting Officer (MLRO) you will lead our compliance function.
Job duties and 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.
Requirements:
- 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.
Preferred Qualifications:
- Currently working in a Saudi bank or a SAMA-licensed financial institution.
- Hands-on experience with compliance systems and tools used for AML monitoring and reporting.
This role offers a unique opportunity to shape and strengthen our compliance culture in a fast-growing organization aligned with Saudi Arabia’s regulatory landscape.
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Title: Chief of Compliance & MLRO
Company: Soar Software Development Company
Location: Riyadh, Saudi Arabia
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