AML Officer

About Tamara

Tamara is a prominent fintech platform operating in Saudi Arabia and the GCC region. The company provides financial solutions across various sectors including retail, travel, education, and healthcare, serving over 25 million customers and more than 130,000 partner merchants. Tamara is supported by Sanabil Investments, a wholly owned company of the Public Investment Fund (PIF), and SNB Capital.

The Role of AML Officer

Tamara is seeking an AML Officer to join its team in Riyadh, Saudi Arabia. This full-time role is critical for ensuring compliance with Anti-Money Laundering (AML) regulations by integrating them into daily operations. The AML Officer will be responsible for monitoring and inspecting company units through compliance testing to ensure adherence to established legal and organizational frameworks. This position requires 2-5 years of relevant experience.

Key Responsibilities

• Interpret and apply relevant rules and regulations governing the business into practical operations.
• Conduct second-line verification of merchant KYC before onboarding approval and maintain records for reporting.
• Ensure consumer KYC compliance through periodic sampling and report any deficiencies.
• Assign appropriate MCC codes and AML risk levels to merchants based on jurisdiction, products, channels, and legal form.
• Monitor all transactions and ensure AML/fraud scenarios are current and periodically updated.
• Perform compliance testing across company divisions and units to ensure adherence to regulations.
• Prepare reports on compliance findings and escalate breaches as necessary.
• Develop action plans with relevant departments to resolve breaches and prevent future violations.
• Review marketing and promotional materials, providing feedback to the Director of Compliance.

Candidate Profile

The ideal candidate will possess a proven track record in maintaining an organized and efficient compliance program, ensuring timely action and effective communication across all levels. This role requires a driven, determined, and curious individual who is solution-oriented and capable of navigating challenges. The AML Officer must demonstrate empathy and respect in working with diverse teams and be comfortable responding quickly and adapting course without losing momentum.

Required Experience and Skills

• 2-5 years of experience in a relevant field.
• Proficiency in utilizing compliance testing for monitoring and inspection.
• Ability to report compliance findings and escalate non-compliance effectively.
• Strong organizational skills for managing compliance programs.
• Excellent communication skills for interacting with all levels of the organization.
• A proactive and resilient approach to problem-solving.

Work Environment

This is a full-time position based in Riyadh, Riyadh, Saudi Arabia. The AML Officer will work within a collaborative team environment, contributing to Tamara's mission of providing reliable financial solutions.