Head of Anti Money Laundering (AML) Saudi National📣 Job Ad

About Tamara

Tamara is a leading fintech platform in Saudi Arabia and the GCC region, focused on building a customer-centric financial super-app. The company serves millions of users and partners with global and regional brands such as SHEIN, Jarir, noon, IKEA, and Amazon, alongside small and medium businesses. As Saudi Arabia’s first fintech unicorn, Tamara is backed by Sanabil Investments, a wholly owned company by the Public Investment Fund (PIF), SNB Capital, and *********, among others. The company operates from its headquarters in Riyadh, Saudi Arabia, with additional regional and global support offices.

The Role of Head of AML

Tamara is seeking a Saudi National to serve as the Head of Anti-Money Laundering (AML) in Riyadh. This full-time role involves leading and managing the overall operations, activities, and responsibilities of the AML/CTF Department. The Head of AML will report administratively to the Chief Executive Officer (CEO) and functionally to the Audit Committee. The primary responsibility is to develop, implement, and maintain the company’s Anti-Money Laundering, Counter-Terrorist Financing, and Proliferation Financing (AML/CTF/PF) framework in Saudi Arabia, ensuring compliance with relevant laws and regulations.

Key Responsibilities

• Develop, implement, monitor, and continuously enhance the company’s AML/CTF/PF framework and controls to ensure effectiveness and alignment with regulatory requirements.
• Lead and oversee the AML/CTF Unit’s activities, ensuring effective performance and prompt addressing of control or process deficiencies.
• Develop, maintain, and periodically review AML/CTF/PF policies, procedures, standards, and operating controls to reflect regulatory developments, emerging risks, and industry practices.
• Oversee the identification and assessment of money laundering, terrorist financing, and proliferation financing risks across the company’s operations.
• Build and maintain effective relationships with internal stakeholders, providing guidance on AML/CTF/PF risks, regulatory requirements, and new initiatives.
• Oversee sanctions, Targeted Financial Sanctions, and politically exposed person screening controls, including alert investigation, escalation, and regulatory reporting.
• Provide regular reports to the CEO and Audit Committee on AML/CTF/PF risk exposure, control effectiveness, and remediation actions.
• Oversee transaction monitoring mechanisms, ensuring effective rule tuning, threshold settings, and scenario management.
• Ensure appropriate investigation of unusual activities and accurate, confidential, and timely submission of suspicious transaction or activity reports to the Saudi Financial Intelligence Unit.
• Act as the primary point of contact for AML/CTF/PF matters, coordinating responses to requests, inspections, and inquiries from SAMA, SAFIU, and other authorities.
• Manage and develop the AML/CTF team, establishing clear responsibilities and performance expectations, and ensuring adequate resources and capabilities.

Required Qualifications and Experience

• Demonstrated experience of 5-10 years in Anti-Money Laundering and Counter-Terrorist Financing.
• In-depth knowledge of the Saudi Anti-Money Laundering Law, its Implementing Regulations, SAMA requirements, SAFIU reporting obligations, and applicable Targeted Financial Sanctions requirements.
• Proven ability to work closely with business and control functions to identify and assess financial-crime risks.
• Experience in implementing effective controls and remediating identified gaps.
• Strong leadership skills to manage and develop a dedicated AML/CTF team.

Compliance and Risk Management

The Head of AML will ensure compliance with the Saudi Anti-Money Laundering Law and its Implementing Regulations, SAMA requirements, SAFIU reporting obligations, and applicable Targeted Financial Sanctions requirements. This role involves promoting a strong culture of AML/CTF/PF compliance across the company and ensuring effective controls are consistently implemented.

Application Process

Candidates interested in this full-time position are invited to apply. Salary details will be discussed during the interview process.