Responsibilities
- Oversee and manage the Know Your Customer (KYC) onboarding process for new customers and update existing ones in Saudi Arabia
- Ensure compliance with local and international regulatory requirements related to customer identification and verification.
- Implement and enhance transaction monitoring systems to detect and report suspicious activities within the Saudi Arabian context.
- Conduct periodic reviews and assessments to ensure the effectiveness of transaction monitoring processes.
- Serve as the primary point of contact for AML/CFT matters in Saudi Arabia
- Possess in-depth knowledge of Anti-Money Laundering (AML) and Counter-Terrorism Financing (CFT) regulations in Saudi Arabia
- Develop and enforce AML/CFT policies and procedures tailored to the Saudi Arabian regulatory environment.
- Stay abreast of the regulatory landscape governing the payments industry in Saudi Arabia
- Interpret and communicate regulatory changes, especially those related to AML/CFT requirements, to relevant stakeholders within the organisation.
- Establish and maintain strong relationships with regulators in Saudi Arabia
- Develop and implement compliance procedures specific to remittances and cross-border payments in Saudi Arabia.
- Ensure adherence to regulatory requirements governing remittance services in the Saudi Arabian market.
- Conduct regular risk assessments to identify and mitigate potential compliance risks within the Saudi Arabian context.
- Collaborate with other departments to implement risk mitigation strategies.
- Report findings and other compliance matters related to AML/CFT to different stakeholders in Saudi Arabia in a clear and understandable manner.
- Ensure timely and accurate reporting to internal and external stakeholders as required by Saudi Arabia regulations.
- Provide training to staff on compliance policies, procedures, and regulatory requirements, with a specific focus on AML/CFT in the Saudi Arabia market.
- Foster a culture of compliance awareness within the organisation.
Requirements
- Bachelor's degree in a relevant field; additional certifications (e.g., CAMS, ACAMS, ICA) are a must.
- 4-6 years of legal experience in consultancy firms, AML, Transaction Monitoring, and KYC within the banking or fintech sector
- Proven experience in a compliance role within the financial services industry, with a focus on payments and remittances.
- Hands-on experience in building or implementing compliance-related automations (e.g., workflows, alerts, reporting systems)
- In-depth knowledge of KYC processes, transaction monitoring, and AML/CFT regulations in Saudi Arabia
- Familiarity with Saudi Arabian regulatory frameworks for the payments industry.
- Experience in engaging with regulators in Saudi Arabia and maintaining positive relationships.
- Strong analytical and problem-solving skills.
Benefits
- Flexibility: we have flexible schedules and we are driven by performance.
- Fintech industry: work in a dynamic and ever-evolving environment, with plenty to build and boost your creativity.
- Referral bonus program: our internal talents are the best recruiters - refer someone ideal for a role and get rewarded.
- Social budget: you'll get a monthly budget to chill out with your team (in person or remotely) and deepen your connections!
- dLocal Houses: want to rent a house to spend one week anywhere in the world coworking with your team? We’ve got your back!
Additional Information
- Flexibility in how you work: We focus on impact and productivity over fixed hours. This means our teams have flexible schedules and, depending on your role and location, you will combine self-managed focus time with moments of in-person connection in our collaboration hubs.
