Compliance Manager

About the CompanyA growing fintech and investment platform in Saudi Arabia, leveraging advanced technology to simplify investment processes through secure, efficient, and transparent solutions aligned with Capital Market Authority (CMA) requirements.As the company continues to develop its business and regulatory framework, the Compliance function plays a critical role in ensuring adherence to applicable regulations, maintaining effective compliance controls, managing regulatory risks, and supporting the company’s operations in accordance with CMA requirements.Position OverviewCompliance ManagerA leading fintech and investment platform in Saudi Arabia is seeking a highly skilled and experienced Compliance Manager to lead and oversee its compliance framework.This full-time position is critical to ensuring that the company’s activities, policies, and processes comply with applicable regulatory requirements, particularly those issued by the Capital Market Authority (CMA).The Compliance Manager will be responsible for monitoring regulatory compliance, identifying and mitigating compliance risks, providing regulatory guidance to management and business functions, and maintaining effective communication with the CMA and other relevant stakeholders.Key Responsibilities1. Regulatory Compliance with the CMADevelop, implement, and oversee the company’s compliance framework to ensure alignment with applicable CMA regulations and requirements.Monitor regulatory developments and assess their impact on the company’s activities, policies, and procedures.Maintain effective communication with the CMA and support regulatory engagements, inquiries, and requirements.Provide compliance advice to management and relevant business functions on regulatory matters.2. Fund Manager Compliance and OversightReview and monitor agreements and arrangements with fund managers to ensure compliance with applicable legal and regulatory requirements.Monitor fund managers’ activities and the distribution of investment opportunities through the company’s platform from a compliance perspective.Ensure appropriate compliance controls are maintained throughout the investment and fund distribution processes.Coordinate with relevant internal teams and external parties to address compliance matters and regulatory requirements.3. Risk Management and Internal ControlsIdentify, assess, monitor, and mitigate compliance risks arising from the company’s activities.Conduct regular compliance reviews and assessments to evaluate the effectiveness of policies, procedures, and internal controls.Recommend and implement corrective actions where compliance gaps or regulatory risks are identified.Support the development and maintenance of appropriate compliance policies, procedures, and controls.4. Compliance Monitoring, AML & KYCOversee compliance monitoring activities and ensure effective implementation of applicable AML, KYC, and related regulatory requirements.Monitor compliance with internal policies and applicable regulatory requirements and escalate material breaches or concerns to management.Support the investigation, documentation, and resolution of compliance breaches and regulatory incidents.5. Training and AdvisoryProvide compliance guidance and advisory support to management and employees on applicable regulatory requirements.Conduct regular compliance awareness and training sessions for employees.Promote a strong culture of compliance and regulatory awareness across the organization.6. Regulatory Reporting and DocumentationPrepare, review, and submit regulatory filings, reports, and compliance documentation as required by the CMA.Maintain accurate and up-to-date compliance records, registers, policies, and regulatory documentation.Ensure timely responses to regulatory requests and maintain appropriate documentation of regulatory communications and actions.Qualifications & ExperienceEducationBachelor’s degree in Law, Finance, Business Administration, or a related field.CME-1 and CME-2 certifications are mandatory; additional CME certifications will be considered a strong advantage.Advanced degrees (e.g., LLM, MBA) or professional certifications (e.g., CAMS, CPA) are highly desirable.ExperienceMinimum of 5 years of experience in the financial services industry, with at least 3 years in a compliance-related role.Proven experience working within the Saudi capital markets and financial regulatory environment.Experience dealing with the Capital Market Authority (CMA) and relevant regulatory requirements is highly preferred.Skills and CompetenciesStrong knowledge of Saudi Arabian laws and regulations, particularly those issued by the Capital Market Authority (CMA).Strong understanding of compliance, risk management, AML, KYC, and internal control frameworks.Excellent analytical, communication, and problem-solving skills.Strong attention to detail and ability to manage regulatory matters effectively.Ability to work collaboratively across departments and with external stakeholders.Strong ability to exercise sound judgment and escalate regulatory and compliance matters appropriately.Engagement ModelEmployment Type: Full-TimeLocation: Riyadh, Saudi ArabiaWork Arrangement: On-siteCompensation & BenefitsCompetitive compensation aligned with experience and role requirements.Medical insurance and benefits in line with company policies.