Compliance Officer

About Tamara

Tamara is a prominent shopping and payments platform operating across Saudi Arabia and the GCC region. The company aims to enhance shopping, payment, and banking experiences for its users. Headquartered in Riyadh, Saudi Arabia, Tamara also maintains offices in the UAE, Egypt, Germany, and Vietnam. The platform serves millions of users and collaborates with thousands of merchants, including both global brands like SHEIN, Jarir, noon, IKEA, H&M, and Farfetch, as well as local small and medium businesses. Tamara is supported by investors such as SNB Capital, Sanabil Investments, *********, Coatue, Shorooq Partners, and Endeavor Catalyst.

The Opportunity: Compliance Officer

Tamara is seeking a Compliance Officer to join its team in Riyadh, Saudi Arabia. This full-time role is integral to the Compliance Department, focusing on ensuring adherence to Saudi Central Bank (SAMA) regulations applicable to payment services. The position involves both advisory and monitoring responsibilities to maintain ongoing regulatory compliance, particularly concerning activities under the Electronic Money Institution (EMI) license and other Payment Service Provider (PSP) categories.

Key Responsibilities

• Ensure compliance with all applicable SAMA regulations related to payment services, including EMI, PSP, and wallet providers.
• Review and approve new products to ensure alignment with SAMA requirements.
• Monitor internal processes and product structures for regulatory adherence.
• Track, interpret, and implement changes from SAMA circulars and regulatory updates.
• Review and maintain internal policies and procedures to ensure consistency with current SAMA regulations.
• Ensure proper dissemination of all circulars and publications issued by SAMA and follow up with relevant departments for timely implementation.
• Prepare and submit accurate regulatory reports to SAMA within required timelines.
• Review management reports submitted to SAMA for accuracy and completeness.
• Coordinate with internal teams to collect and validate data required by SAMA.
• Support regulatory inspections, audits, and remediation actions as needed.
• Provide advisory support to internal stakeholders on payment-related compliance matters.

Required Qualifications and Experience

• Bachelor’s degree in Law, Business, Finance, or a related field.
• Minimum of 1–2 years of experience in a compliance role within a SAMA-regulated entity operating in the payments sector.
• Solid understanding of SAMA’s regulatory framework for payment services.
• Experience in regulatory reporting and policy review.

Skills and Attributes

• Strong communication, coordination, and analytical skills.
• Detail-oriented with the ability to manage multiple priorities effectively.
• A driven, determined, and curious team player who values collective strength.
• Possesses a positive, solution-oriented outlook, persevering through challenges.
• Capable of effective collaboration through empathy and respect, with an ability to respond quickly and adapt without losing momentum.

Work Environment

This is a full-time position based in Riyadh, Saudi Arabia. The role involves working within a dynamic team environment focused on maintaining regulatory compliance in the fintech sector.