Chief of Compliance & MLRO📣 إعلان

About the Role at Soar

Soar is a global fintech startup headquartered in Saudi Arabia, focused on providing innovative financial and property investment solutions. The company is expanding across the region with a mission to empower individuals to achieve their financial goals through a user-friendly platform. We are seeking a Chief of Compliance & MLRO to lead our compliance function in Riyadh.

Role Purpose and Context

As the Chief of Compliance and Money Laundering Reporting Officer (MLRO), you will be responsible for overseeing and managing the company's compliance program. This full-time role requires a deep understanding of regulatory frameworks, risk management, and anti-money laundering (AML) practices within Saudi Arabia. The position is based in Riyadh.

Key Responsibilities

• Develop, implement, and manage the company's compliance program in alignment with Saudi Central Bank (SAMA) regulations and other relevant authorities.
• Serve as the primary liaison with SAMA and other regulatory bodies, ensuring accurate and timely reporting.
• Oversee and manage all Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) policies, procedures, and controls.
• Conduct internal audits and compliance reviews to identify potential risks and implement corrective actions.
• Ensure adherence to compliance requirements across all departments, providing guidance and training as needed.
• 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.
• Manage suspicious activity reports (SARs), ensuring proper documentation and escalation.
• Promote a strong compliance culture throughout the organization.

Required Qualifications and Experience

• Must be a Saudi national.
• Bachelor's degree in Law, Finance, Business Administration, or a related field.
• A minimum of 15 years of experience in compliance or AML roles within the Saudi banking sector or with SAMA-licensed entities.
• Extensive experience working with home loans or mortgage loan products.
• In-depth knowledge of SAMA regulations, AML laws, and compliance standards in Saudi Arabia.
• Fluency in both Arabic and English.

Preferred Qualifications

• Master's degree or relevant professional certifications (*, CAMS, CISA).
• Current employment within a Saudi bank or a SAMA-licensed financial institution.
• Hands-on experience with compliance systems and tools for AML monitoring and reporting.

Skills and Attributes

The ideal candidate will possess strong leadership and communication skills, with the ability to influence stakeholders at all organizational levels. Excellent analytical and problem-solving abilities are essential for this role.