Senior Compliance Officer (Saudi Nationals Only)

About Us: Soum is on a mission to revolutionise e-commerce in the MENA region and beyond by building the most convenient and trustworthy re-commerce marketplace in the region. We're reshaping how C2C marketplaces operate, making buying and selling second-hand products seamless and reliable. Since our launch in July 2021, Soum has become one of the fastest-growing startups in the region, achieving rapid expansion in both our team and product offerings. In recognition of our impact and growth, we are proud to have been named one of the Top 10 LinkedIn Startups in Saudi Arabia for 2024.

About the role

We are looking for a motivated and detail-oriented Compliance Officer to join the regulatory and compliance team of our auto-financing platform. As a SAMA-regulated fintech, compliance is central to everything we do - and this role sits right at the heart of it.

This is a hands-on position suited for an early-career compliance professional who is eager to grow within a fast-moving fintech environment. You will support the implementation and day-to-day operation of our compliance frameworks, working closely with the CCO and cross-functional teams. We value attitude and cultural fit as much as technical expertise - we want someone who is curious, proactive, and genuinely committed to doing things the right way.

Key Responsibilities

Regulatory Compliance & SAMA Support

• Assist in managing compliance obligations across AML, KYC, consumer protection, and Fair Credit Terms aligned to SAMA frameworks.

• Support the preparation of regulatory submissions, examination responses, and licensing milestone documentation.

• Monitor regulatory updates from SAMA and assist in translating changes into internal policy adjustments.

• Help ensure credit products, marketing materials, and customer communications meet regulatory standards prior to launch.

Policy & Framework Operations

• Maintain and update compliance policies, procedures, and control documentation under the guidance of the CCO.

• Support the compliance risk register, control matrices, and exception tracking workflows.

• Contribute to the company’s AML/CFT programme, including transaction monitoring, suspicious activity reporting, and sanctions screening processes.

Consumer Protection & Fair Lending

• Assist in ensuring all lending products adhere to SAMA’s consumer protection and Fair Credit Terms requirements.

• Support the complaint management and resolution process in line with SAMA standards.

• Review customer-facing disclosures, contracts, and fee structures for regulatory accuracy.

Operational Compliance Support

• Embed compliance controls into day-to-day operations and product workflows with guidance from the CCO.

• Deliver compliance training and awareness sessions for internal teams.

• Provide first-level compliance advisory support to business lines on new products, campaigns, and partnerships.

• Assist the CISO on data protection obligations under Saudi data governance regulations.

Qualifications & Experience

Required

• 3-5 years of experience in compliance, regulatory affairs, or a related role within financial services, fintech, or banking.

• Foundational understanding of SAMA’s regulatory framework, including AML/KYC, consumer lending, and data governance requirements.

• Saudi national - required.

• Full professional fluency in both Arabic and English is mandatory for this role.

• Strong attention to detail, organisational skills, and a proactive work ethic.

Preferred

• Experience in a fintech, BNPL, digital lending, or auto-financing environment.

• Exposure to SAMA Sandbox compliance or licensing processes.

• Familiarity with Open Banking or data-sharing compliance in KSA.

• Professional certifications: CAMS, ICA, or equivalent (in progress or completed).

Culture & What We’re Looking For

At Soum, we build on trust, move fast, and hold ourselves to a high standard. The right Compliance Officer isn’t just technically sound - they bring the right mindset. We are looking for someone who:

• Takes ownership and follows through without being chased.

• Is genuinely curious about regulation and wants to understand the ‘why’ behind every rule.

• Communicates clearly and confidently across teams and seniority levels.

• Thrives in a fast-paced, startup environment where priorities can shift quickly.

• Has a collaborative spirit and contributes positively to the team culture.

• Is committed to doing things the right way - not just the easy way.