Compliance Senior Associate

About MRSOOL Inc. and the Role

MRSOOL Inc. is seeking a Compliance Senior Associate to join its team in Riyadh. This full-time position is crucial for ensuring adherence to Saudi Central Bank (SAMA) regulations, particularly those applicable to payment services under Electronic Money Institution (EMI) and other Payment Service Provider (PSP) categories. The role involves both advisory and monitoring functions to maintain ongoing regulatory compliance.

Role Overview

The Senior Compliance Associate will support the Compliance Department in reviewing and approving new products, monitoring internal processes, and ensuring all activities align with SAMA requirements. This position requires a detail-oriented individual with strong analytical skills, capable of managing multiple priorities effectively within a fast-paced environment. The ideal candidate will be a determined team player, solution-oriented, and able to collaborate effectively with various internal stakeholders.

Key Responsibilities

• Ensure compliance with all applicable SAMA regulations related to payment services, including EMI, PSP, and wallet provider activities.
• 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.

Qualifications and Experience

• Bachelor’s degree in Law, Business, Finance, or a related field.
• Minimum of 3-5 years of experience in a compliance role at 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.

Required Skills

• Strong communication, coordination, and analytical skills.
• Detail-oriented with the ability to manage multiple priorities effectively.
• Ability to respond quickly and adapt to changing circumstances while maintaining momentum.
• Demonstrated empathy and respect in working with diverse teams.

Application Process

Candidates meeting the above qualifications are encouraged to apply for this full-time position in Riyadh. Salary details will be discussed during the interview process.