Compliance & AML Manager

The Compliance & AML Manager is responsible for managing the Company's day-to-day Compliance and AML/CTF activities and supporting the effective implementation of the Company's compliance, AML/CTF, targeted financial sanctions, and regulatory monitoring frameworks.

The role supports the Company in maintaining compliance with applicable Capital Market Authority requirements, license conditions, internal policies and procedures, and regulatory obligations relating to its securities business activities, products, services, and client relationships.

Key Responsibilities

Compliance:

• 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.

AML/CTF:

• 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.

Management and Reporting:

• 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