Compliance Officer & MLRO

This is a fantastic opportunity to lead the compliance program within Saudi Arabia for a highly prestigious Investment/asset management team within the Middle East, that has a truly global reach with offices across Asia, US and Europe, as well as across the Middle East/GCC. Purpose of the role: To carry out the Compliance and Money Laundering Reporting Officer functions for the Group’s Saudi Arabian subsidiary in Riyadh, Saudi Arabia.

Responsibilities

Developing and managing an effective compliance monitoring system for the Group’s Saudi Arabia Financial Investments Co.; Managing an effective Anti-Money Laundering and Know Your Client onboarding and ongoing monitoring program; Making submissions to the CMA on all offerings in Saudi Arabia and liaising with the CMA; Carrying out the Corporate Secretarial function concerning all Board, committee, and shareholder meetings; Providing advice to the Board and its Committees, the Chief Executive Officer, and management on compliance with Saudi Arabian law, CMA regulations, Group Code of Conduct and policies; Developing and maintaining appropriate policies and procedures manuals; Conducting ongoing training for all staff on applicable laws, regulations and internal policies; Establishing prompt mechanisms for reporting and resolving non-compliance; Communicating material breaches of compliance to appropriate management; Ensuring CMA inspection reports and correspondence are properly actioned; Compiling and maintaining a comprehensive database on statutory records; Ensuring the Compliance Monitoring Program is strictly adhered to; Reviewing the Capital Market Authority rule book and compliance requirements; Ensuring effective Business Continuity and Disaster Recovery Plan; Performing other tasks or Group Compliance projects as assigned

Requirements

CME-2 certification and prior authorisation by the Capital Market Authority (CMA) as a Compliance Officer and/or MLRO; Proven experience in compliance, AML, and corporate governance within a CMA-regulated financial institution; Strong knowledge of CMA regulations and relevant Saudi Arabian laws (company, banking, capital markets, AML, employment, etc.); Demonstrated ability to develop and implement compliance monitoring frameworks and AML/KYC programs; Excellent relationship management skills, with experience liaising directly with regulators and senior stakeholders; High attention to detail, strong problem-solving skills, and the ability to make sound judgements on regulatory matters; Strong communication skills in Arabic; Mid Senior Level (3-7+ years) experience