We are currently looking for a Compliance officer to be based in Al Khobar, Saudi Arabia.
This role is with our subsidiary company Ezdaher Financing Company.
Job Title: Compliance Officer
Location: Al Khobar, Saudi Arabia
Reports to: Chief Executive Officer
Job Type: Full-Time
Experience : 5+ years
Must have : Saudi National (as per local hiring requirements).Experience in Financial Services / Fintech Sector in the Kingdom of Saudi Arabia
Shariah compliance is one of the core values of our company and our financing complies with theprinciples ofShariah financing.
Job Summary:
The Compliance Officer will be responsible for managing and overseeing the compliance function within the organization, with a particular focus on financial regulations and fintech compliance. This individual will work closely with various internal teams, including legal, finance, and operations, to ensure compliance with Saudi Arabian regulations, including the Saudi Arabian Monetary Authority (SAMA) guidelines, Anti-Money Laundering (AML) laws, and other local financial regulations. The ideal candidate will bring at least five years of experience in the financial services or fintech sector and will be well-versed in the regulatory landscape of Saudi Arabia.
Key Responsibilities:
- Regulatory Compliance Management: Ensure full compliance with all applicable financial services regulations, including but not limited to SAMA, Anti-Money Laundering (AML) and other local laws and regulations.
- Risk Management & Mitigation: Identify, assess, and manage compliance risks within the organization. Develop, implement, and monitor internal controls to mitigate risk in financial operations and ensure adherence to regulatory requirements.
- Internal Policies & Procedures: Develop and enforce company policies and procedures to ensure compliance with Saudi regulatory standards. Ensure that internal procedures are up to date with any changes in the legal or regulatory framework.
- Training & Awareness: Conduct regular training sessions for employees on compliance-related matters, including AML, KYC (Know Your Customer), and other financial regulations. Promote a strong compliance culture across the organization.
- Audit & Monitoring: Lead the internal compliance monitoring program. Perform regular audits of financial transactions, systems, and operations to ensure adherence to internal controls and regulatory requirements.
- Regulatory Reporting & Documentation: Prepare and submit compliance reports to relevant regulatory authorities, including SAMA and the Saudi Financial Crimes Unit. Ensure that all necessary compliance documentation is maintained and readily accessible for audits.
- Advisory Role: Serve as the primary point of contact for all compliance-related matters within the organization. Advise senior management and other departments on regulatory changes, compliance strategies, and risk mitigation plans.
- Investigation & Issue Resolution: Investigate potential compliance violations, address non-compliance incidents, and ensure timely and effective corrective actions. Report any significant compliance breaches to senior management and regulatory bodies as required.
Qualifications:
- Education: Bachelors degree in Finance, Business Administration, Law, or a related field. A professional certification such as CCO (Certified Compliance Officer), CAMS (Certified Anti-Money Laundering Specialist), or similar is a plus.
- Experience: Minimum of 5 years of experience in compliance within the banking, financial services or fintech domain. Previous experience working in Saudi Arabias regulatory environment (including SAMA) is essential.
Knowledge:
- In-depth understanding of Saudi Arabias financial regulations, including SAMA rules and regulations, AML, KYC, CFT, and other applicable laws.
- Familiarity with the fintech industry, digital payments, and innovative financial products in the region.
- Experience in risk management, internal controls, and compliance audits in the financial sector.
What we have to offer
- Competitive salary and benefits package
- Ample opportunities for growth and self-development
- Opportunities for professional development and advancement
- Collaborative and inclusive work environment with international exposure.
About AVANA Companies
AVANA Companies is a U.S. based group of credit and finance companies specialising in lending to specific niche industries that we're highly knowledgeable in, such as hospitality, construction, and traditional Commercial Real Estate (CRE) because it enables us to provide the best possible service for our borrowers and minimize risk for our investors. We focus on helping small business owners and real estate developers across the USA by offering quick, adaptable, and dependable financing.
Based in Glendale, Arizona, our financial services firm stands at the forefront of the industry, embracing innovation and fostering a culture of excellence.
Founded in 2002, we have originated loans in excess of $6.5 Billion and managed $1 Billion assets for our investors.
We have earned multiple awards and recognition like:
- 2024 FinTech Breakthrough Award
- Top Mortgage Lender Award
- Inc 5000 list of Americas fastest growing private companies, 2021
- Banking Tech Awards
AVANA Companies Winning Aspiration :
We preserve wealth and generate income for our investors by providing loans with speed and certainty of execution to help entrepreneurs thrive.
AVANA Companies core values
- Put People First
- Do the Right Thing
- Take the Lead
- Make an Impact
- Excellence is a Journey
