Compliance Officer and MLRO, Vice President

State Street; Riyadh; On-site; SAR 2,100,000 - 3,600,000; Full time

Job summary

State Street Saudi Arabia Financial Services (SSSAFS) is seeking an experienced Compliance professional and MLRO to lead the compliance and financial crimes programmes, provide advisory support to the business units, and ensure CMA regulatory compliance for CMA rules and products.

The ideal candidate will have extensive CMA knowledge, CME1 and CME2 certifications, and 8+ years of related experience including staff management, with strong cross-border coordination and stakeholder engagement

Qualifications

• Bachelor's degree required.
• CMA CME 1 and CME 2 certifications required.
• 8+ years of relevant experience including people management.
• Experience with CMA regulatory requirements and capital market products preferred.

Responsibilities

• Manage the assessment of Compliance and Financial Crimes risks.
• Execute CMA regulatory oversight programme for CMA rules.
• Provide advisory support to the SSSAFS business and close issues promptly.
• Represent Compliance and Financial Crimes in governance committees.
• Produce senior management reports on risk opinions and programme delivery.
• Identify training needs and implement Compliance and Financial Crimes training.
• Maintain the local policy framework and align with regional/global policies.
• Monitor regulatory updates and contribute to the GRCM process.
• Contribute to strategic initiatives with regulatory risk expertise.
• Foster relationships with CMA for inspections, licenses, and reporting.

Skills

MLRO experience

CMA knowledge

Compliance advisory

Regulatory reporting

Stakeholder management

Team leadership

Education

Bachelor's degree

CMA CME 1

CMA CME 2

Job description

This role is being recruited in accordance with the Saudi Nationalization Scheme and as such we require a Saudi National for this opportunity

Who we are looking for

An experienced Compliance professional and Money Laundering Reporting Officer (MLRO) to manage the State Street Saudi Arabia Financial Services (SSSAFS) Compliance and Financial Crimes programmes and provide Compliance advisory support to the SSSAFS business units. The individual will ideally have extensive knowledge of the Capital Market Authority (CMA) regulatory requirements and products offered to clients through SSSAFS. Experience in working in an international capital market institution is preferred.

Why this role is important to us

The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role you will strive for cutting-edge solutions, that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at our best. Join us if making your mark in the financial services industry from day one is a challenge you are up for.

What you will be responsible for

As Compliance Officer and MLRO you will

• Manage the assessment of Compliance and Financial Crimes risks.
• Execute and deliver on the regulatory compliance oversight programme for SSSAFS, ensuring compliance with the Capital Market Authority (CMA) rules.
• Develop and maintain good working relationships with the SSSAFS business, providing advisory support to assist with regulatory queries, and ensuring closure of any Compliance issues within a timely manner. Consult, advise and support management on compliance and regulatory matters that affect business decisions and the execution of their duties.
• Act as Compliance and Financial Crimes representative in governance committees and forums.
• Produce written reports for Senior Management on the Compliance risk opinion and delivery of the Compliance and Financial Crimes Compliance programmes for SSSAFS, indicating progress achieved and any significant matters requiring attention. Deliver the reports in governance committees and forums, as required.
• Identify training needs and ensure successful implementation of Compliance and Financial Crimes training and education for all relevant staff within the SSSAFS business. Coordinate with the other locations to ensure consistency where appropriate.
• Ensure the effective management of the local Compliance policy framework including review and input to regional/global policies, communication of policies and their key requirements to staff as required. This may include developing, implementing, promoting and maintaining compliance standards and procedures that require employees to act in a compliant manner.
• Keep abreast of regulatory and legislative updates or changes, analyse and interpret the regulation and legislation (new and current as required). Provide de-brief and feedback to peers and business stakeholders as required. Contribute to the GRCM process, as required.
• Play an active role in SSSAFS strategic initiatives, providing expertise on specific regulatory and compliance risks linked to specific projects.
• Foster good relationships and manage ongoing interactions with the CMA (e.g. regulatory inspections, regulatory licences, registered individual applications, regulatory reporting, etc.).

What we value

These skills will help you succeed in this role

• Risk management
• Influencing others
• Decision making
• Attention to detail
• Teamwork

Education & Preferred Qualifications

• Educated to degree level
• CMA certificates: CME 1 and CME 2 are a must have
• Working knowledge of SSSAFS business products and CMA regulatory requirements
• 8+ years of related experience including previous experience managing staff

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

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