Compliance & AML Manager

Key Responsibilities

• Monitor the Company's compliance with applicable CMA regulations, rules, circulars, license conditions, regulatory requirements, and internal policies and procedures.
• Maintain and periodically update the regulatory obligations register and assess the impact of new or amended regulatory requirements on the Company's activities.
• Manage the preparation and execution of the annual Compliance Monitoring Plan in accordance with the approved risk-based methodology.
• Conduct compliance monitoring reviews, control testing, and thematic reviews, identify compliance gaps and weaknesses, and follow up on corrective actions until closure.
• Review new products, services, investment journeys, client journeys, systems, and material business or operational changes from a compliance perspective before implementation.
• Review client agreements, terms and conditions, disclosures, policies, procedures, marketing materials, and other client-facing communications for compliance with applicable regulatory requirements.
• Support the assessment and ongoing monitoring of arrangements involving outsourcing, third-party service providers, brokers, custodians, fund managers, and other relevant external parties.
• Monitor the Company's compliance with applicable client protection, conduct of business, disclosure, suitability, conflicts of interest, and complaint-handling requirements.
• Coordinate the preparation of regulatory reports, filings, responses, notifications, and information requested by the CMA.
• Support regulatory inspections, supervisory reviews, and information requests, including coordination of responses and follow-up on regulatory observations and corrective actions.
• Maintain appropriate records and supporting evidence of compliance monitoring, reviews, regulatory communications, and corrective actions.

• Manage the implementation and ongoing maintenance of the Company's AML/CTF and targeted financial sanctions framework in accordance with applicable requirements and approved policies and procedures.
• Oversee KYC, customer due diligence, enhanced due diligence, customer risk classification, and ongoing customer due diligence processes.
• Oversee AML/CTF controls applicable to individual and legal-person clients, as relevant to the Company's business activities.
• Monitor sanctions, targeted financial sanctions, proliferation-financing-related controls, and politically exposed person screening processes.
• Oversee transaction-monitoring activities, alerts, investigations, unusual activity escalations, and related case management processes.
• Review potentially suspicious activity and prepare documented assessments and recommendations for escalation to the MLRO.
• Support the MLRO in regulatory reporting and communication with the competent authorities in relation to AML/CTF and suspicious activity matters.
• Conduct or oversee quality assurance reviews over KYC, customer risk classification, screening, transaction monitoring, and other AML/CTF controls.
• Support periodic AML/CTF risk assessments and ensure that identified risks, controls, and remediation actions are appropriately documented and monitored.
• Monitor regulatory developments relating to AML/CTF, targeted financial sanctions, proliferation financing, and financial crime and assess their impact on the Company.
• Coordinate with Operations, Risk Management, Cybersecurity, Legal, Investment, Technology, and other relevant functions on AML/CTF and financial crime matters.

• Prepare periodic Compliance and AML/CTF reports for the senior management, the Board, and relevant committees, as applicable.
• Provide compliance and AML/CTF advice and guidance to business and support functions on proposed activities, products, services, and operational matters.
• Maintain complete, accurate, and retrievable records and supporting evidence relating to Compliance and AML/CTF activities.
• Support the development, review, and periodic update of Compliance and AML/CTF policies, procedures, monitoring tools, registers, and internal standards.

Skills, Knowledge and Expertise

• Bachelor's degree in Law, Finance, Accounting, Business Administration, or a related field.
• More than 5 years of experience in Compliance and/or AML/CTF within a CMA-licensed entity, bank, or other regulated financial institution.
• Fluency in Arabic and English (written and spoken).
• Must be Saudi