Anti Money laundering Lead

Who Are We❓We Are Foodics! a leading restaurant management ecosystem and payment tech provider. Founded in 2014 with headquarter in Riyadh and offices across 5 countries, including UAE, Egypt, Jordan and Kuwait. We are currently serving customers and partners in over 35 different countries worldwide. Our innovative products have successfully processed over 6 billion (yes, billion with a B) orders so far! making Foodics one of the most rapidly evolving SaaS companies to ever emerge from the MENA region. Also Foodics has achieved three rounds of funding, with the latest raising $170 million in the largest SaaS funding round in MENA, boosting its innovation capabilities to better serve business owners.The Job in a Nutshell💡Lead and oversee all Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) activities for FoodicsPay, ensuring full compliance with SAMA AML/CTF regulations, FATF guidelines, and internal risk management frameworks. The AML Lead acts as the subject-matter expert and main point of escalation for AML-related matters.What Will You Do❓Governance & OversightDevelop, update, and maintain AML/CTF policies, procedures, and standards in line with SAMA regulationsEstablish the annual AML plan and ensure execution of monitoring processes and thematic reviewsLead the AML Risk Assessment (ML/TF Risk Assessment) including customer, product, channel, and geography risksDefine and maintain AML/CTF KRIs and dashboards for senior management and the BoardMonitoring & InvestigationsOversee transaction monitoring alerts, reviewing escalated cases and high-risk alertsManage complex AML investigations, including suspicious activity involving merchants or payment flowsEnsure timely filing of Suspicious Transaction Reports (STRs) to the Saudi FIU (GFIU) in accordance with regulatory timelines Sign-off on EDD files, high-risk merchant onboarding, and risk rating adjustmentsOnboarding & KYC OversightEnsure that onboarding processes (KYC, KYB, Beneficial Ownership, MCC validation, sanctions checks) meet regulatory expectationsApprove high-risk clients (e.g., cash-intensive merchants, unusual MCCs, high-volume cross-border activities)Regulatory EngagementAct as the primary point of contact with SAMA and FIU regarding AML mattersCoordinate regulatory inspections, information requests, and remediation action plansTraining & AwarenessDeliver annual AML training and specialized training for frontline and risk teamsEnsure continuous AML awareness and testingTeam LeadershipSupervise AML analysts/officers, provide coaching, and ensure workload distributionWhat Are We Looking For❓ Bachelor's degree in finance, Law, Business, or related fieldCAMS Certification highly preferred (or equivalent)4-7 years of AML experience (preferably in Payments, Acquiring, or Fintech)Strong understanding of SAMA AML/CTF guidelines, FATF recommendations, and digital payments risk typologiesWhat We Offer You❗We believe you will love working at Foodics!We have an inclusive and diverse culture that encourages innovation and flexibility in-officesWe offer highly competitive compensation packages, including bonuses and the potential for sharesWe prioritize personal development and offer regular training and an annual learning stipend to tackle new challenges and grow your career in a hyper-growth environmentJoin a talented team of over 30 nationalities working in 14 countries, and gain valuable experience in an exciting industryWe offer autonomy, mentoring, and challenging goals that create incredible opportunities for both you and the company