Compliance & AML Manager

Malaa Technologies; Riyadh; On-site; SAR 180,000 - 240,000; Full time

Job summary

Malaa Technologies in Riyadh is seeking a Compliance and AML Manager to lead day-to-day compliance, AML/CTF activities, and regulatory monitoring in line with CMA requirements.

You will maintain obligations registers, conduct risk-based monitoring, review client agreements and KYC/EDD, and coordinate CMA reporting and regulatory responses.

The role requires a law/finance degree, 5+ years in regulated finance, fluency in Arabic and English, and Saudi nationality.

Qualifications

• Bachelor's degree in Law, Finance, Accounting, or Business Administration.
• 5+ years of experience in Compliance and/or AML/CTF in CMA-licensed entities or regulated financial institutions.
• Fluency in Arabic and English (written and spoken).
• Saudi national required.

Responsibilities

• Monitor CMA regulations, circulars, license conditions, and internal policies.
• Maintain regulatory obligations register and assess impact of new requirements.
• Lead the annual Compliance Monitoring Plan and conduct reviews and corrective actions.
• Review client agreements, disclosures, policies, and communications for regulatory compliance.
• Oversee KYC/CDD/EDD and ongoing customer risk assessment.
• Coordinate regulatory reporting, inspections, and information requests.
• Support AML/CTF controls, sanctions screening, and transaction monitoring.
• Prepare reports for senior management and boards.

Skills

Regulatory compliance

AML/CTF expertise

KYC due diligence

Bilingual English/Arabic

Education

Bachelor's degree in Law/Finance/Accounting/Business Administration

Job description

The Compliance amp AML Manager is responsible for managing the Company s day-to-day Compliance and AML CTF activities and supporting the effective implementation of the Company s compliance AML CTF targeted financial sanctions and regulatory monitoring frameworks The role supports the Company in maintaining compliance with applicable Capital Market Authority requirements license conditions internal policies and procedures and regulatory obligations relating to its securities business activities products services and client relationships

Compliance

• Monitor the Company s compliance with applicable CMA regulations rules circulars license conditions regulatory requirements and internal policies and procedures
• Maintain and periodically update the regulatory obligations register and assess the impact of new or amended regulatory requirements on the Company s activities
• Manage the preparation and execution of the annual Compliance Monitoring Plan in accordance with the approved risk-based methodology
• Conduct compliance monitoring reviews control testing and thematic reviews identify compliance gaps and weaknesses and follow up on corrective actions until closure
• Review new products services investment journeys client journeys systems and material business or operational changes from a compliance perspective before implementation
• Review client agreements terms and conditions disclosures policies procedures marketing materials and other client-facing communications for compliance with applicable regulatory requirements
• Support the assessment and ongoing monitoring of arrangements involving outsourcing third-party service providers brokers custodians fund managers and other relevant external parties
• Monitor the Company s compliance with applicable client protection conduct of business disclosure suitability conflicts of interest and complaint-handling requirements
• Coordinate the preparation of regulatory reports filings responses notifications and information requested by the CMA
• Support regulatory inspections supervisory reviews and information requests including coordination of responses and follow-up on regulatory observations and corrective actions
• Maintain appropriate records and supporting evidence of compliance monitoring reviews regulatory communications and corrective actions

AML CTF

• Manage the implementation and ongoing maintenance of the Company s AML CTF and targeted financial sanctions framework in accordance with applicable requirements and approved policies and procedures
• Oversee KYC customer due diligence enhanced due diligence customer risk classification and ongoing customer due diligence processes
• Oversee AML CTF controls applicable to individual and legal-person clients as relevant to the Company s business activities
• Monitor sanctions targeted financial sanctions proliferation-financing-related controls and politically exposed person screening processes
• Oversee transaction-monitoring activities alerts investigations unusual activity escalations and related case management processes
• Review potentially suspicious activity and prepare documented assessments and recommendations for escalation to the MLRO
• Support the MLRO in regulatory reporting and communication with the competent authorities in relation to AML CTF and suspicious activity matters
• Conduct or oversee quality assurance reviews over KYC customer risk classification screening transaction monitoring and other AML CTF controls
• Support periodic AML CTF risk assessments and ensure that identified risks controls and remediation actions are appropriately documented and monitored
• Monitor regulatory developments relating to AML CTF targeted financial sanctions proliferation financing and financial crime and assess their impact on the Company
• Coordinate with Operations Risk Management Cybersecurity Legal Investment Technology and other relevant functions on AML CTF and financial crime matters

Management and Reporting

• Prepare periodic Compliance and AML CTF reports for the senior management the Board and relevant committees as applicable
• Provide compliance and AML CTF advice and guidance to business and support functions on proposed activities products services and operational matters
• Maintain complete accurate and retrievable records and supporting evidence relating to Compliance and AML CTF activities
• Support the development review and periodic update of Compliance and AML CTF policies procedures monitoring tools registers and internal standards

Bachelor's degree in Law, Finance, Accounting, Business Administration, or a related field. More than 5 years of experience in Compliance and/or AML/CTF within a CMA-licensed entity, bank, or other regulated financial institution. Fluency in Arabic and English (written and spoken). Must be Saudi