Compliance & Money Laundering Reporting Officer - KSA

We are looking for a Compliance & Money Laundering Reporting Officer (CMLRO) in Saudi. This person will build and manage Thndr KSA's compliance and AML/CTF capabilities, and will be registered with the Capital Market Authority (CMA) as Thndr KSA's Compliance Officer and MLRO.

Responsibilities

Draft, implement and maintain Thndr KSA's compliance policies and procedures, keeping them aligned with CMA rules as they change; Review policies and procedures at least annually and after any regulatory change, and get them approved by the Board; Design, implement and maintain a risk-based compliance programme in line with the Capital Market Institutions Regulations and other CMA rules; Run compliance monitoring and surveillance reviews in line with the annual compliance monitoring plan; Guide and train the team on regulatory, policy and procedural issues; Act as the main point of contact for CMA inquiries, inspections and requests for information; Identify, log and resolve compliance issues, complaints and regulatory breaches; Prepare and file regulatory reports and notifications with the CMA on time; Own Thndr KSA's AML/CTF policies and procedures in line with the Anti-Money Laundering Law and the CMA's AML/CTF Rules; Oversee the KYC, customer risk-rating and sanctions-screening framework; Identify, investigate and report suspicious transactions to the General Directorate of Financial Intelligence; Deliver AML/CTF training to staff; Receive and act on any relevant findings, recommendations, guidance, directives, sanctions or notices; Report to the Board on compliance with applicable KYC and AML/CTF laws, the adequacy of AML/CTF policies, procedures, systems and controls, and how the firm will address findings, sanctions or notices

Requirements

5+ years in compliance and/or AML in financial services, ideally at a CMA-licensed Capital Market Institution (brokerage preferred); Prior experience as a CMA-registered Compliance Officer or MLRO is strongly preferred; Hands-on experience writing and maintaining compliance and AML/CTF policies and procedures for a regulated financial institution; Passed the CMA's compliance and AML qualification route: CME-1B, CME-2A and CME-2B, or an exemption granted by the CMA; Holders of the CMA's previous-series qualification certificates for this function qualify without retaking the exams, and all three must be passed before CMA registration; Eligible for registration with the CMA as a Registered Person under the Capital Market Institutions Regulations, including meeting the CMA's fit-and-proper criteria (skills, experience, competence and integrity); Able to act independently of client-facing functions, as required for the Compliance Officer under CMA rules; Resident in the Kingdom of Saudi Arabia (a requirement for CMA Registered Persons), or willing to relocate; Deep working knowledge of CMA regulations and Saudi AML/CTF law, and the ability to assess their impact on the business; Excellent communication and project management skills, and a great work ethic; Attention to detail and high discretion with confidential information; Comfortable with compliance management, screening and transaction monitoring tools; Fluent in English

Nice to have

Arabic strongly preferred; Prior experience as a CMA-registered Compliance Officer or MLRO