Compliance Officer

About MRSOOL Inc.

MRSOOL Inc. is seeking a Compliance Officer to join its team in Riyadh. This full-time position requires 0-1 years of experience and focuses on ensuring adherence to regulatory standards within the financial services sector.

Role Overview

The Senior Compliance Associate will support the Compliance Department in ensuring full adherence to SAMA regulations applicable to payment services. This includes activities under the Electronic Money Institution (EMI) license and other Payment Service Provider (PSP) categories. The role involves both advisory and monitoring responsibilities to ensure ongoing regulatory compliance.

Key Responsibilities

• Ensure compliance with all applicable SAMA regulations related to payment services (*, EMI, PSP, 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 receipt and proper dissemination of all circulars and publications issued by SAMA; follow up with relevant departments to ensure 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.

Candidate Profile

The ideal candidate is a driven, determined, and curious team player who understands the value of collective strength. This role requires a positive, solution-oriented individual who perseveres through challenges and finds effective ways to collaborate with others through empathy and respect. The candidate should be comfortable responding quickly and urgently, with the ability to adapt course without losing momentum.

Experience and Qualifications

• 0-1 years of experience in a relevant field.
• Understanding of SAMA regulations applicable to payment services (EMI, PSP, wallet providers).
• Ability to interpret and implement regulatory changes.
• Strong analytical and reporting skills.
• Excellent communication and interpersonal skills for internal and external coordination.

Work Environment

This full-time position is based in Riyadh, Saudi Arabia, and offers an opportunity to work within a growing team dedicated to ensuring regulatory compliance in the payment services industry.