C&AFC – Deputy Compliance Officer & MLRO – DSSA, Associate/AVP

Forum International Management Consulting; Riyadh; On-site; SAR 150,000 - 200,000; Full time

Job summary

A leading consultancy firm in Riyadh is seeking a Deputy Compliance Officer & MLRO. The role involves supporting compliance policies, managing relationships, and ensuring adherence to regulatory standards. Ideal applicants should have 3-5 years' experience in finance compliance, strong analytical and communication skills, and a relevant AML qualification. The position offers a full-time contract with a salary range of SAR 15,000 to SAR 25,000.

Benefits

Life Insurance

Accidental Death Insurance

Private Medical Insurance

Flexible working arrangements

30 days of annual paid leave

Qualifications

• Relevant AML/Compliance qualification from an internationally recognized body.
• 3-5 years' experience in AML/KYC/Compliance within a KSA regulated bank.
• Strong knowledge of CMA relevant AML, CFT regulations.

Responsibilities

• Support senior management in managing compliance with laws and regulations.
• Implement and maintain compliance policies and procedures.
• Act as a contact point for local staff on compliance issues.

Skills

AML / Compliance qualification

3-5 years' experience in AML/KYC/Compliance

Fluency in English and Arabic

Strong analytical skills

Excellent communication skills

Decision-making skills

Education

Relevant AML / Compliance qualification

Job description

C&AFC – Deputy Compliance Officer & MLRO – DSSA, Associate/AVP

The MLRO and Deputy Compliance Officer is responsible for providing support to the business advisory team in their engagement with relevant business and/or infrastructure areas. They typically have daily interaction with key stakeholders and have a regional and/or country coverage. Where provision of advice is required, advice includes level 1 control advice and assisting with conducting level 2 controls and risk assessments.

In addition, the MLRO and Deputy Compliance supports the maintenance of relationships with other relevant areas of the function and/or works directly with subject matter experts and other teams from across the function.

Benefits

• Life Insurance
• Accidental Death Insurance
• Permanent Partial Disability Insurance
• Private Medical Insurance for you, your spouse and dependent children
• Flexible working arrangements
• 30 days of annual paid leave, plus public holiday & Flexible Working Arrangement
• DB contributions to Employee Workplace Savings “Gosi” plan (for Saudi nationals only)

Key Responsibilities

• Support senior management and employees of Deutsche Bank in understanding and managing:
• the application of Bank's ethical standards and professional principles
• general compliance with the relevant laws, rules, regulations, directives and Group standards
• the prevention and escalation of issues, incidents and breaches relating to Compliance
• cross-border compliance related matters
• Ensure implementation and maintenance of adequate compliance policies and procedures
• Report regularly to the relevant Bank Country Operating Committee branch, Compliance Committee and Regulatory Authorities on Compliance matters
• Undertake and be actively involved in proactive and reactive management and escalation of all Compliance risk issues and breaches, for example, conducting risk assessments
• Monitor and test compliance with regulatory requirements and internal controls in accordance with agreed policy and methodology; report and manage any finding or issues, and support management in identifying remedial action plans
• Provide compliance support to relevant projects and new products by ensuring adherence to related standards, mitigation of associated risks
• Support in Compliance awareness initiatives
• Act as a direct contact point for local staff to confidentially concerns in relation to when improper or illegal activities are suspected
• Act as a contact point for SAMA and represent DB Riyadh in various regulatory committees along with other banks in Saudi Arabia

AFC Responsibilities

• Advising on and ensuring implementation of AFC policies and procedures whereas involvement in ABC and AFI policies depends on the availability of headcount in the location and if none, this will be assisted by the respective regional team.
• Advising on the impact of new AFC related internal and external rules and ensuring that local guidelines and procedures are in line with the regulatory requirements.
• Assessing the conformity of internal policies and procedures, systems and controls with relevant regulatory obligations and Group standards.
• Reporting and liaising with Country Head to ensure appropriate reporting and escalation.
• Helping in developing and maintaining the AFC related Internal Control Framework.
• Complying with the requirements set by the AFC Global Controls Programme.
• AML: Transaction Monitoring, STR Handling and Reporting, KYC (EDD, periodic reviews, QA)
• Sanctions: Monitoring local regulatory sanctions developments and notifying relevant changes and specifications and ensuring that the required controls are in place
• AF&I: Assisting the Country Head with respect to the responsibility for anti‑fraud in country (including advisory, policy, training, monitoring, investigation etc), either directly or as the liaison with regional AFI teams.
• ABC: Helping in promoting AFC's responsibility for ABC in country (including advisory, policy, training, monitoring, investigation etc), either directly or as the liaison with regional ABC teams.

Regulatory Responsibilities

• Provide ongoing and/ or ad‑hoc regulatory advice
• Provide advice in relation to regulatory submissions to CMA and contribute to such submissions when PB matters are concerned.

Responsibilities (Within a Provided Framework)

• Together with the Head of Compliance & AFC manage key stakeholder requirements/ requests
• Deliver advisory to the business and stakeholders as required.

Leadership Responsibilities

• Ability to work in virtual, global teams in a matrix organisation, transfer knowledge and develop capability of team members.

General Leadership Responsibilities

• Adheres to and promotes the Company values and ethical framework.
• Creates an open and inclusive culture where other team members are encouraged to offer and challenge ideas and practices.

Skills and Experience

• Relevant AML / Compliance qualification from an internationally recognized body (such as ACAMS, ICA or local KSA equivalent)
• At least 3-5 years' experience within AML/KYC / Compliance domains within a KSA regulated bank (SAMA) or financial institution (CMA). CMA experience is preferred.
• Strong knowledge of the CMA relevant AML, CFT, CMA Regulatory rulebooks.
• The ability to build constructive partnerships with diverse stakeholders and challenge where required.
• Fluency in English Arabic.
• KSA National
• Should be assertive, analytical, organized and flexible.
• Strong organization and prioritization skills, profound decision making skills.
• Strong analytical skills and solution‑oriented problem solving.
• Strong inter‑personal skills, excellent communication skills and ability to work in virtual global teams and a matrix organization.

How We'll Support You

• Flexible working to assist you balance your personal priorities
• Coaching and support from experts in your team
• A culture of continuous learning to aid progression
• A range of flexible benefits that you can tailor to suit your needs
• Training and development to help you excel in your career

Position Details

• Seniority level: Mid‑Senior level
• Employment type: Full‑time
• Job function: Other
• Industries: Business Consulting and Services
• Location: Riyadh, Saudi Arabia
• Salary: SAR15,000.00–SAR25,000.00