Job description

The Anti-Financial Crimes Lead at Foodics in Riyadh, Saudi Arabia will oversee financial crime prevention activities across the organization, including Anti-Money Laundering (AML), Combating Terrorism Financing (CTF), Anti-Fraud (AF), and Anti-Bribery and Corruption (ABC). The role involves adherence to and implementation of Saudi Central Bank (SAMA) regulations, development and implementation of financial crime policies, procedures, monitoring systems, and reporting frameworks. The position requires documenting AML/CTF policies and manuals in accordance with SAMA regulatory framework and AML/CTF Law, contributing to Anti-Fraud and Anti-Bribery and Corruption policies, and maintaining procedural manuals covering financial crime processes and reporting requirements. The Anti-Financial Crimes Lead will perform Know Your Customer (KYC) validation reviews during onboarding and revalidation of client acceptance, implement monitoring tools for sanctions screening of clients and transactions against sanctioned individuals, entities, and countries, and participate in anti-fraud detection system implementation. The role includes conducting financial crime risk assessments for entities, processes, new products, and services, overseeing operational execution of financial crime controls, conducting investigations for suspected financial crimes, and ensuring effective controls testing. The candidate will also prepare periodic and ad hoc regulatory reporting to regulators, board of directors, committees, and senior management, respond to SAMA circulars, maintain records and logs, and contribute to annual AML/CTF/AF/ABC reporting. The role involves collaboration with cross-functional teams including training functions to develop AML/CTF and anti-fraud training materials, monitor staff compliance with mandatory training requirements, and ensure timely reporting of financial crime-related issues. The Anti-Financial Crimes Lead will work within a fintech and payment services environment, requiring strong knowledge of payment compliance, SAMA regulatory framework, financial crime monitoring systems, and financial services regulatory requirements.