Compliance Officer

SAUDI ARABIAN RESOURCES COMPANY; Riyadh; On-site; SAR 180,000 - 300,000; Full time

Job summary

Saudi Gold Refinery in Riyadh is seeking a Compliance Officer to oversee AML/CTF compliance, KYC due diligence, and regulatory alignment across refining and bullion operations.

The role emphasizes updating procedures, supporting audits, and training staff on anti-bribery and whistleblowing policies, with English and Arabic regulatory communication requirements.

Qualifications

• Bachelor's degree required in a related field from an accredited university.
• Minimum three years of experience in compliance, internal audit, or risk management.
• Knowledge of AML and CTF regulations in Saudi Arabia.
• Ability to extract actionable requirements from contracts and regulatory texts.
• Strong analytical skills for large datasets and anomaly detection.
• Fluency in English and Arabic for regulatory communications.
• High integrity and discretion handling sensitive data.

Responsibilities

• Review customer and supplier due diligence files to ensure complete KYC and ownership data.
• Execute compliance tests on vault logs and records; document findings and drive corrective actions.
• Support auditors by providing requested documents and explaining processes.
• Update SOPs to reflect changes in laws and standards; deliver targeted training.
• Log breaches in central register and assist investigations under supervision.
• Assist in annual risk assessment and monitor LBMA/OECD compliance.
• Liaise with external legal advisors on regulatory interpretations.

Skills

AML regulations

CTF regulations

KYC due diligence

Legal contract review

Regulatory interpretation

Data analysis

Bilingual English/Arabic

Integrity & discretion

Education

Bachelor's degree in Law, Business Administration, Finance, or related field

Job description

Saudi Gold Refinery (SGR) is seeking a Compliance Officer in Riyadh, Saudi Arabia to support the integrity of our refining and bullion operations. This role focuses on executing monitoring activities for anti-money laundering, supply chain due diligence and regulatory adherence. The officer will ensure that SGR meets its obligations under Saudi law and international standards.

Key Responsibilities

• The Compliance Officer reviews customer and supplier due diligence files to ensure completeness of KYC documentation and beneficial ownership identification. It screens transactions against sanctions lists and high-risk jurisdiction indicators using approved compliance software tools.
• The officer executes scheduled compliance tests on vault access logs, weight certificates and assay records to detect control deviations. It documents findings from compliance tests and follows up with process owners to implement corrective actions within specified deadlines.
• The role supports internal and external auditors by retrieving requested documents and explaining compliance processes during fieldwork. It maintains a centralized repository of all licenses, permits and regulatory correspondence to ensure immediate availability during inspections.
• This position updates standard operating procedures to reflect changes in national laws and international precious metals standards. It delivers targeted training sessions to employees on anti-bribery, conflict of interest and whistleblowing policies.
• The officer logs all reported compliance breaches or suspicious activities into the central register for tracking and analysis. It supports preliminary fact-finding investigations by gathering relevant transaction data and interview notes under supervision.
• The role assists in the annual risk assessment of the supply chain to align with LBMA Responsible Gold Guidance and OECD standards. It analyzes historical compliance data to identify emerging trends and areas of heightened risk.
• Liaises with external legal advisors to clarify interpretations of new regulatory directives.

Success Metrics

• 100% completion of scheduled compliance tests with reports delivered within five business days of test completion.
• Zero major non-conformities in external audits related to compliance scope during the performance period.
• 90% of identified compliance incidents are resolved within the agreed remediation timeframe.
• All regulatory licenses and permits are renewed at least 30 days before expiration dates.
• Monthly transaction screening reviews are completed within three business days of month-end.
• Compliance policy updates are published within 14 days of relevant regulatory changes.

Equal Opportunity Statement

Saudi Gold Refinery welcomes applications from all qualified candidates Hiring decisions are made based on role requirements skills experience and alignment with Saudization and Vision 2030 priorities

Qualifications

• Bachelor's degree in Law, Business Administration, Finance, or a related field from an accredited university.
• Minimum of three years of experience in compliance, internal audit, or risk management within the banking, mining, or precious metals sector.
• Demonstrated knowledge of Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) regulations in Saudi Arabia.
• Proficiency in reviewing legal contracts and regulatory texts to extract actionable compliance requirements.
• Strong analytical skills with the ability to interpret large datasets for anomaly detection in transaction monitoring.
• Fluency in English and Arabic is required to handle local regulatory communications and international standards documentation.
• High level of integrity and discretion when handling sensitive company data and investigation materials.

Preferred / Nice-to-have

• Knowledge of ISO 9001, ISO 14001, and ISO 45001 management system standards.
• Experience with enterprise governance, risk, and compliance (GRC) software platforms.
• Professional certification such as CAMS, CIA, or CFE.