Compliance Senior Associate

About the Role

Tamara is seeking a Compliance Senior Associate to join its team in Riyadh. This full-time role involves supporting the Compliance Department in ensuring adherence to SAMA regulations applicable to payment services, including activities under the Electronic Money Institution (EMI) license and other Payment Service Provider (PSP) categories. The position requires 2-5 years of experience in a relevant compliance function.

Role Overview

The Compliance Senior Associate will be responsible for both advisory and monitoring functions to ensure ongoing regulatory compliance. This includes reviewing products and processes, interpreting regulatory updates, and preparing reports for SAMA. The ideal candidate will be a driven and solution-oriented team player, capable of adapting quickly to changing circumstances while maintaining focus and energy.

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.

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 work effectively with diverse teams through empathy and respect.
• Capable of responding quickly and adapting to changes without losing momentum.

Work Environment

This is a full-time position based in Riyadh. The role operates within a dynamic team environment where collective strength and a positive, solution-oriented outlook are valued.