Compliance Senior Associate

About Tamara

Tamara is a prominent shopping and payments platform operating in Saudi Arabia and the GCC region. The company aims to enhance how individuals shop, pay, and bank. Founded by Abdulmajeed Alsukhan, Turki Bin Zarah, and Abdulmohsen Al Babtain, Tamara is headquartered in Riyadh, Saudi Arabia, with additional offices in the UAE, Egypt, Germany, and Vietnam. The platform serves millions of users and collaborates with thousands of merchants, including both global and regional brands, as well as local small and medium businesses. Tamara is supported by investors such as SNB Capital, Sanabil Investments, *********, Coatue, Shorooq Partners, and Endeavor Catalyst.

Role Overview

Tamara is seeking a Compliance Senior Associate to join its team in Riyadh, Saudi Arabia. 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 encompasses both advisory and monitoring responsibilities to maintain ongoing regulatory compliance.

Key Responsibilities

• Ensure compliance with all applicable SAMA regulations related to payment services, such as 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

• Minimum of 3-5 years of experience in a compliance role within 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.
• A driven, determined, and curious team player with a positive, solution-oriented outlook.
• Ability to work effectively with others through empathy and respect, responding quickly and adapting to changes without losing momentum.

Location and Work Type

This is a full-time position based in Riyadh, Riyadh, Saudi Arabia.