Anti Money laundering Lead

Foodics; Saudi Arabia; On-site; SAR 150,000 - 200,000; Full time

Job summary

A leading payment tech provider in Saudi Arabia is seeking an AML Lead to oversee all Anti–Money Laundering and Counter-Terrorist Financing activities. The successful candidate will ensure compliance with SAMA regulations and lead a team of AML analysts. Requirements include a Bachelor's degree in a related field, CAMS Certification preferred, and 4–7 years of relevant experience. This role offers competitive compensation with benefits in a dynamic work environment.

Benefits

Competitive compensation packages

Bonuses and share potential

Regular training and learning stipend

Inclusive and diverse culture

Qualifications

• 4–7 years of AML experience, preferably in Payments, Acquiring, or Fintech.
• Strong understanding of SAMA AML/CTF guidelines and FATF recommendations.

Responsibilities

• Develop and maintain AML/CTF policies in line with SAMA regulations.
• Oversee transaction monitoring alerts and manage complex AML investigations.
• Ensure onboarding processes meet regulatory expectations.
• Act as primary contact with SAMA and FIU for AML matters.
• Deliver annual AML training and ensure continuous awareness.
• Supervise AML analysts/officers and ensure workload distribution.

Skills

AML/CFT compliance

Risk assessment

KYC procedures

Analytical skills

Education

Bachelor’s degree in finance, Law, Business, or related field

CAMS Certification

Job description

Who Are We

We Are Foodics! a leading restaurant management ecosystem and payment tech provider. Founded in 2014 with headquarter in Riyadh and offices across 5 countries, including UAE, Egypt, Jordan and Kuwait. We are currently serving customers and partners in over 35 different countries worldwide. Our innovative products have successfully processed over 6 billion (yes, billion with a B) orders so far! making Foodics one of the most rapidly evolving SaaS companies to ever emerge from the MENA region. Also Foodics has achieved three rounds of funding, with the latest raising $170 million in the largest SaaS funding round in MENA, boosting its innovation capabilities to better serve business owners.

The Job in a Nutshell

Lead and oversee all Anti–Money Laundering (AML) and Counter‑Terrorist Financing (CTF) activities for FoodicsPay, ensuring full compliance with SAMA AML/CTF regulations, FATF guidelines, and internal risk management frameworks. The AML Lead acts as the subject‑matter expert and main point of escalation for AML‑related matters.

What Will You Do

• Governance & Oversight – Develop, update, and maintain AML/CTF policies, procedures, and standards in line with SAMA regulations. Establish the annual AML plan and ensure execution of monitoring processes and thematic reviews. Lead the AML Risk Assessment (ML/TF Risk Assessment) including customer, product, channel, and geography risks. Define and maintain AML/CTF KRIs and dashboards for senior management and the Board.
• Monitoring & Investigations – Oversee transaction monitoring alerts, reviewing escalated cases and high‑risk alerts. Manage complex AML investigations, including suspicious activity involving merchants or payment flows. Ensure timely filing of Suspicious Transaction Reports (STRs) to the Saudi FIU (GFIU) in accordance with regulatory timelines. Sign‑off on EDD files, high‑risk merchant onboarding, and risk rating adjustments.
• Onboarding & KYC Oversight – Ensure that onboarding processes (KYC, KYB, Beneficial Ownership, MCC validation, sanctions checks) meet regulatory expectations. Approve high‑risk clients e.g., cash‑intensive merchants, unusual MCCs, high‑volume cross‑border activities.
• Regulatory Engagement – Act as the primary point of contact with SAMA and FIU regarding AML matters. Coordinate regulatory inspections, information requests, and remediation action plans.
• Training & Awareness – Deliver annual AML training and specialized training for frontline and risk teams. Ensure continuous AML awareness and testing.
• Team Leadership – Supervise AML analysts/officers, provide coaching, and ensure workload distribution.

What Are We Looking For

• Bachelor’s degree in finance, Law, Business, or related field.
• CAMS Certification highly preferred (or equivalent).
• 4–7 years of AML experience (preferably in Payments, Acquiring, or Fintech).
• Strong understanding of SAMA AML/CTF guidelines, FATF recommendations, and digital payments risk typologies.

What We Offer You

We believe you will love working at Foodics! We have an inclusive and diverse culture that encourages innovation and flexibility in‑offices. We offer highly competitive compensation packages, including bonuses and the potential for shares. We prioritize personal development and offer regular training and an annual learning stipend to tackle new challenges and grow your career in a hyper‑growth environment. Join a talented team of over 30 nationalities working in 14 countries, and gain valuable experience in an exciting industry. We offer autonomy, mentoring, and challenging goals that create incredible opportunities for both you and the company.