Compliance & AML Specialist

The Compliance & AML Specialist supports the Company s day-to-day Compliance and AML/CTF activities and helps ensure compliance with applicable SAMA requirements, internal policies, and regulatory obligations relating to its payment activities. Compliance • Monitor compliance with applicable SAMA regulations, circulars, license conditions and internal policies. • Monitor compliance with applicable SAMA regulations, circulars, license conditions, and internal policies, and maintain the regulatory obligations register. • Support the Compliance Monitoring Plan, conduct reviews and control testing, and follow up on corrective actions until closure. • Review new products, services, customer journeys, operational changes, customer agreements, disclosures, policies, procedures, and marketing materials. • Support SAMA regulatory reports, responses, and information requests, and manage submissions and correspondence through eSAMA, RMS, SAMA Care, and other applicable portals. • Support SAMA NOC requirements, including identifying when an NOC is required, preparing submissions, and following up until closure. • Monitor customer protection, complaints handling, outsourcing, and third-party compliance. • Escalate material breaches, incidents, and regulatory risks to the Compliance and AML/CTF Manager. AML/CTF • Support the implementation and maintenance of the AML/CTF and sanctions framework. • Oversee KYC, customer due diligence, enhanced due diligence and customer risk classification. • Monitor sanctions, targeted financial sanctions and PEP screening controls. • Oversee transaction-monitoring alerts, investigations and unusual activity escalations. • Prepare suspicious activity assessments for review by the Compliance and AML/CTF Manager. • Support the Compliance and AML/CTF Manager in regulatory reporting and communication with the Saudi Financial Intelligence Unit. • Conduct quality assurance reviews over KYC, screening and transaction-monitoring processes. • Coordinate with Fraud, Risk, Cybersecurity, Operations and Customer Care on financial crime matters. • Support periodic AML/CTF risk assessments and follow up on identified actions. Management and Reporting • Coordinate day-to-day Compliance and AML activities. • Prepare periodic reports for the Compliance and AML/CTF Manager and relevant committees. • Support Compliance and AML training and awareness. • Maintain complete Compliance and AML records and supporting evidence. Bachelor s degree. 1 2 years of experience. Experience in a similar sector (if possible)