dLocal
Compliance Officer
- Permanent
- Riyadh, Saudi Arabia
- Experience 2 - 5 yrs
Report job as expired
Job expiry date: 12/06/2025
Job overview
Date posted
28/04/2025
Location
Riyadh, Saudi Arabia
Experience
2 - 5 yrs
Seniority
Experienced
Qualification
Bachelors degree
Expiration date
12/06/2025
Job description
dLocal is seeking a Compliance Officer based in Saudi Arabia to join its global compliance team. This role is critical to ensuring the company’s operations align with local regulatory requirements, particularly in KYC, AML/CFT, transaction monitoring, and remittance compliance within the Saudi Arabian payments market. The Compliance Officer will oversee onboarding processes, regulatory engagement, risk assessments, and training initiatives, ensuring transparency, reporting accuracy, and adherence to Saudi financial regulations. This position is remote with flexible working arrangements.
Required skills
KYC onboarding
transaction monitoring
AML compliance
CFT compliance
regulatory compliance
risk assessment
remittance compliance
reporting compliance findings
compliance training
relationship management with regulators
Saudi Arabian regulatory knowledge
payments industry compliance
anti money laundering policies
cross border payment compliance
internal compliance reporting
policy development
fraud detection systems
compliance risk mitigation
compliance auditing
data privacy compliance
Key responsibilities
- Oversee and manage the KYC onboarding process for new customers and updates for existing customers in Saudi Arabia.
- Ensure compliance with local and international regulatory requirements related to customer identification and verification.
- Implement and enhance transaction monitoring systems to detect and report suspicious activities.
- Conduct periodic reviews and assessments of transaction monitoring processes.
- Serve as the primary point of contact for AML/CFT matters in Saudi Arabia.
- Develop and enforce AML/CFT policies and procedures tailored to Saudi Arabia’s regulatory environment.
- Stay abreast of the regulatory landscape governing the payments industry in Saudi Arabia.
- Interpret and communicate regulatory changes to relevant stakeholders.
- Establish and maintain strong relationships with Saudi regulators.
- Develop and implement compliance procedures specific to remittances and cross-border payments.
- Conduct regular risk assessments to identify and mitigate potential compliance risks.
- Report findings and other compliance matters related to AML/CFT to stakeholders.
- Ensure timely and accurate reporting to internal and external stakeholders.
- Provide training to staff on compliance policies and regulatory requirements.
- Foster a culture of compliance awareness within the organization.
Experience & skills
- Bachelor's degree in a relevant field.
- Additional certifications such as CAMS, ACAMS, or ICA are mandatory.
- 4-6 years of legal experience in consultancy firms, AML, Transaction Monitoring, and KYC within the banking or fintech sector.
- Proven experience in a compliance role within the financial services industry with a focus on payments and remittances.
- In-depth knowledge of KYC processes, transaction monitoring, and AML/CFT regulations in Saudi Arabia.
- Familiarity with Saudi Arabian regulatory frameworks for the payments industry.
- Experience engaging with regulators in Saudi Arabia and maintaining positive relationships.
- Strong analytical and problem-solving skills.
