Compliance & AML Specialist

Malaa Technologies; Riyadh; On-site; SAR 150,000 - 260,000; Full time

Job summary

Malaa Technologies in Riyadh is seeking a Compliance & AML Specialist to support day-to-day compliance and AML/CTF activities and ensure adherence to SAMA requirements and internal policies. The role focuses on monitoring, KYC, due diligence, and regulatory reporting.

The position is full-time based in Riyadh, with responsibilities spanning regulatory coordination, risk assessment, and collaboration with cross-functional teams to mitigate financial crime risks.

Qualifications

• Bachelor’s degree.
• 1–2 years of experience.
• Experience in a similar sector (if possible).

Responsibilities

• Monitor compliance with SAMA regulations, circulars, license conditions and internal policies.
• Maintain regulatory obligations register and support submissions through eSAMA, RMS, SAMA Care and other portals.
• Support the Compliance Monitoring Plan, conduct reviews and control testing and follow up on corrective actions.
• Review new products, services, customer journeys, and marketing materials for compliance.
• Oversee KYC, customer due diligence, enhanced due diligence and risk classification.
• Coordinate with Fraud, Risk, Cybersecurity, Operations and Customer Care on financial crime matters.
• Assist in AML/CTF risk assessments and reporting.

Skills

Regulatory knowledge

1–2 years experience

Education

Bachelor's degree

Job description

Compliance & AML Specialist

Application Deadline: 18 November 2026

Department: Compliance

Employment Type: Full Time

Location: Riyadh

Description

The Compliance & AML Specialist supports the Company’s day-to-day Compliance and AML/CTF activities and helps ensure compliance with applicable SAMA requirements, internal policies, and regulatory obligations relating to its payment activities.

Key Responsibilities

Compliance

• Monitor compliance with applicable SAMA regulations, circulars, license conditions and internal policies.
• Monitor compliance with applicable SAMA regulations, circulars, license conditions, and internal policies, and maintain the regulatory obligations register.
• Support the Compliance Monitoring Plan, conduct reviews and control testing, and follow up on corrective actions until closure.
• Review new products, services, customer journeys, operational changes, customer agreements, disclosures, policies, procedures, and marketing materials.
• Support SAMA regulatory reports, responses, and information requests, and manage submissions and correspondence through eSAMA, RMS, SAMA Care, and other applicable portals.
• Support SAMA NOC requirements, including identifying when an NOC is required, preparing submissions, and following up until closure.
• Monitor customer protection, complaints handling, outsourcing, and third-party compliance.
• Escalate material breaches, incidents, and regulatory risks to the Compliance and AML/CTF Manager.

AML/CTF

• Support the implementation and maintenance of the AML/CTF and sanctions framework.
• Oversee KYC, customer due diligence, enhanced due diligence and customer risk classification.
• Monitor sanctions, targeted financial sanctions and PEP screening controls.
• Oversee transaction-monitoring alerts, investigations and unusual activity escalations.
• Prepare suspicious activity assessments for review by the Compliance and AML/CTF Manager.
• Support the Compliance and AML/CTF Manager in regulatory reporting and communication with the Saudi Financial Intelligence Unit.
• Conduct quality assurance reviews over KYC, screening and transaction-monitoring processes.
• Coordinate with Fraud, Risk, Cybersecurity, Operations and Customer Care on financial crime matters.
• Support periodic AML/CTF risk assessments and follow up on identified actions.

Management and Reporting

• Coordinate day-to-day Compliance and AML activities.
• Prepare periodic reports for the Compliance and AML/CTF Manager and relevant committees.
• Support Compliance and AML training and awareness.
• Maintain complete Compliance and AML records and supporting evidence.

Skills, Knowledge and Expertise

• Bachelor’s degree.
• 1–2 years of experience.
• Experience in a similar sector (if possible)