Compliance Officer - Saudi Arabia

1 month, 4 weeks ago
Full-time
Mid Level
Finance and Accounting
dLocal

dLocal

dLocal provides a comprehensive payment processing solution that enables global enterprises to efficiently manage cross-border transactions in emerging markets, facilitating both local payments and payouts to enhance customer satisfaction and operation...

Diversified Financial Services
251-1K
Founded 2016
$357M raised

Description

  • Oversee and manage the KYC onboarding process for new customers and updates for existing customers in Saudi Arabia.
  • Implement, configure, and enhance transaction monitoring systems to detect and report suspicious activity and conduct periodic effectiveness reviews.
  • Serve as the primary point of contact for AML/CFT matters in Saudi Arabia and develop and enforce AML/CFT policies and procedures tailored to the local regulatory environment.
  • Monitor regulatory developments affecting the payments industry in Saudi Arabia, interpret changes, and communicate implications to relevant internal stakeholders.
  • Establish and maintain strong relationships with Saudi Arabian regulators and act as the company’s liaison on compliance matters.
  • Develop and implement compliance procedures specific to remittances and cross-border payment services in the Saudi market.
  • Conduct regular risk assessments to identify compliance risks, collaborate with other departments on mitigation strategies, and track remediation.
  • Prepare and deliver clear, timely compliance reporting to internal and external stakeholders as required by Saudi regulations.
  • Design and deliver training and awareness programs to staff on compliance policies, procedures, and AML/CFT requirements to foster a culture of compliance.

Requirements

  • Bachelor’s degree in a relevant field.
  • Certifications such as CAMS, ACAMS, or ICA are required.
  • 4–6 years of legal or compliance experience in consultancy firms, AML, transaction monitoring, and KYC within the banking or fintech sector.
  • Proven experience in a compliance role within financial services with a focus on payments and remittances.
  • Hands-on experience building or implementing compliance-related automations, including workflows, alerts, and reporting systems.
  • In-depth knowledge of KYC processes, transaction monitoring, and AML/CFT regulations applicable to Saudi Arabia.
  • Familiarity with Saudi Arabian regulatory frameworks governing the payments industry and experience engaging with regulators.
  • Strong analytical and problem-solving skills.

Benefits

  • Flexible schedules and a performance-driven work environment.
  • Access to a Premium Coursera subscription for learning and development.
  • Free language classes (English, Spanish, or Portuguese).
  • Monthly social budget to support team activities.
  • Referral bonus program for recommending successful hires.
  • Opportunity to use dLocal Houses to rent a week-long coworking house anywhere in the world.
  • Work flexibility combining self-managed focus time with in-person collaboration hubs as needed.
  • Tailored country-specific benefits in addition to the global offerings.

Interested in this position?

Apply directly on the company website

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