Compliance Officer

About Franklin Templeton

Franklin Templeton is an asset manager that builds relationships with clients to navigate complex markets and unlock opportunities for long-term wealth creation. The company operates globally with diverse teams. Franklin Templeton has been active in the Middle East for over 20 years, with its KSA office established in 2023. The KSA entity is licensed by the Capital Market Authority of Saudi Arabia (CMA) to manage investments and operate funds, including separate account mandates and private funds.

The Global Compliance Team

The Global Compliance team at Franklin Templeton consists of over 100 professionals dedicated to managing compliance risk and ensuring adherence to applicable laws, regulations, industry standards, and codes of conduct. This team collaborates with business, risk, legal, and audit functions to protect the firm’s reputation and support its long-term success.

Role Overview

Franklin Templeton is seeking a Compliance Officer for its Riyadh office in Saudi Arabia. This full-time role involves assisting senior management in ensuring the KSA entity adheres to its specific license requirements and ongoing regulatory compliance obligations of local regulatory bodies. The Compliance Officer will be responsible for initiating compliance processes, policies, and procedures for the KSA entity, working closely with senior management of the KSA business units. This position reports to the VP, Global Compliance, Middle East and Africa, based in London.

Key Responsibilities

• Maintain and enhance the Compliance Framework, ensuring alignment with regulatory requirements, industry best practice, and business objectives, including board and regulatory reporting obligations.
• Serve as the registered Money Laundering Reporting Officer (MLRO), fulfilling all statutory and regulatory responsibilities for the KSA entity.
• Provide expert compliance and regulatory advice to senior management and employees, supporting informed decision-making and adherence to applicable laws, rules, and standards.
• Advise on the effectiveness of risk management processes, ensuring key risks are appropriately identified, assessed, mitigated, and managed in line with regulatory expectations.
• Partner with senior stakeholders, HR, and Risk teams to develop and deliver compliance and risk training programs that promote a strong culture of compliance and accountability.
• Lead compliance and corporate risk assessments, proactively identifying and evaluating risks arising from new products, business activities, client relationships, and organisational change.
• Oversee the implementation and execution of the Compliance and Risk Monitoring Programme, ensuring findings are effectively reported and remediation actions are tracked to completion.
• Act as the primary regulatory liaison with the Capital Market Authority (CMA) and relevant industry bodies, fostering strong stakeholder relationships and representing the organisation on compliance and regulatory matters.

Qualifications and Experience

Candidates should possess 5-10 years of relevant experience for this role.

Work Environment

This is a full-time position based in Riyadh, Saudi Arabia. The role operates within a welcoming, inclusive, and supportive culture, offering opportunities for professional growth and contribution to client success.