Compliance Specialist

InvestSky | Social Investing; Riyadh; On-site; SAR 60,000 - 90,000; Full time

Benefits offered by this job

Market-standard compensation

Employee Stock Ownership Plan

Free premium paid plans

Opportunity to be part of a founding team

Job summary

A financial services company in Riyadh is seeking a Compliance Specialist to ensure adherence to regulatory requirements and provide guidance to senior management. You will conduct compliance monitoring, liaise with regulatory bodies, and maintain proper records. Ideal candidates will have strong analytical and communication skills. This entry-level full-time role comes with market-standard compensation and benefits including an Employee Stock Ownership Plan.

Qualifications

• Knowledgeable and comfortable with regulation.
• Experience with retail clients is a plus.
• Certified Anti-Money Laundering Specialist (ACAMS) is a nice-to-have.
• ACAMS certification is a plus.

Responsibilities

• Administer and review relevant policies and procedures.
• Maintain close liaison with regulatory bodies.
• Conduct quarterly compliance monitoring.
• Prepare and file all required regulatory reports.
• Maintain records on controllers, management, breaches, and disclosures.
• Prepare and file all required regulatory returns.

Skills

Attention to detail

Analytical skills

Excellent communication skills

Regulatory knowledge

Education

ACAMS certification

Job description

Join to apply for the Compliance Specialist role at InvestSky | Social Investing

About InvestSky
We're on a mission to make investing accessible to all.
Our goal is to offer an all-in-one investing solution.
With InvestSky, people no longer have to get lost in multiple apps, drown in fragmented communities across social media in search of investment insights, or pay high fees to make an investment.
InvestSky offers an all-in-one solution to a more efficient and enjoyable investing journey for the MENA investors, both new and experienced ones.
With InvestSky, you can:
Mingle: get social, meet like-minded folk, follow friends, exchange ideas
Discover: build your knowledge and understand the market with our advanced tools to gain insights
Create: buy your favourite stocks and build your portfolio

We are looking for someone passionate about building the next big thing and making a true impact in the region.

About The Role
InvestSky hold a category 4 license and are regulated by the DFSA. Our customers put trust in us, and we're looking for a Compliance Officer/MLRO to work closely with the regulators.

Key Responsibilities:

• Administering Relevant Policies & Procedures - Review and advise on areas of regulatory change and applicable best practices and update the relevant manuals and procedures as necessary.
• Liaising with Regulators - Maintain close liaison with the relevant regulatory bodies and obtain any necessary licenses, and consents, make ad hoc notifications, file periodic regulatory returns, and provide information upon request.
• Provision of Advice & Support - Review any marketing materials and make the necessary AML/KYC checks promptly to ensure compliance with regulatory requirements. Provide guidance and advice to the Board and senior management on any local regulatory matters.
• Compliance Monitoring and Management Reporting - Conducting quarterly compliance monitoring and surveillance, reporting to the Board and senior management on the appropriateness and effectiveness of the Firm’s systems and controls, and implementing any required enhancements.
• Record Keeping - Maintain proper records about controllers, senior management apportionment, authorized individuals, breaches, fitness and propriety, complaints, training and competence, conflicts identification and management, communications and marketing, client-related documentation, regulatory returns, and notifications made.
• Filing of Regulatory Returns - Preparation and filing of all required reports.

Competencies

• Knowledgeable and comfortable with regulation.
• Attention to detail and strong analytical skills.
• Excellent written and verbal communication skills.

Nice-to-have

• Experience with retail clients.
• Certified Anti-Money Laundering Specialist (ACAMS).

Benefits

• Market-standard compensation;
• Generous Employee Stock Ownership Plan in line with our belief that our employees should be owners of the company and not just contributors;
• You'll never have to pay for our premium paid plans;
• Being part of a founding team building something revolutionary in FinTech in the region.

Seniority level: Entry level
Employment type: Full-time
Job function: Finance and Sales