Head of Compliance

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💡We are looking for a motivated and experienced Head of Compliance & Governance who will help us guarantee that our business processes and transactions follow all relevant guidelines, complying with KSA and SAMA regulations and internal stands too. You will be accountable for a range of duties from conducting risk assessments to advising the management, providing a link between specialist departments and management team, regulating the flow of information between management and specialist areas, while respecting different responsibilities and confidentiality requirements. With your team, you will participate in developing compliance programs, reviewing company policies, and advising on possible risks.What Will You Do❓Oversee the implementation of the company's compliance program and lead the rollout of associated compliance policies and proceduresLead efforts in identifying and assessing compliance risks to the organization, ensuring proper evaluation of their potential impactsEnsure the organization consistently meets regulatory and compliance obligations, while ensuring policies and procedures are robust and aligned with applicable laws and SAMA regulationsManage the scope of key compliance areas including KYC, client relations procedures, client complaints, code of conduct and ethics, incident and complaint reporting, as well as relevant legislation related to payment institutions and local lawsReview and approve all documentation submitted to SAMA for new product formations related to the payments businessOversee follow-up actions on SAMA's inspection reports, preparing comprehensive action plans in collaboration with relevant departments to ensure timely and effective resolutionAct as the Money Laundering Reporting Officer. (MLRO) Oversee the company's AML/CFT framework, identify and assess financial crime risks, monitor suspicious activities, ensure appropriate escalation and reporting, and maintain effective controls in line with SAMA and KSA regulationsKYC & Customer Due Diligence (CDD): Lead and oversee KYC/CDD processes, including customer identification and verification, risk classification, enhanced due diligence for high-risk customers, and ongoing monitoring, ensuring compliance with SAMA, AML/CFT requirements, and internal policiesWhat Are We Looking For❓5+ years of experience in a relevant roleBachelor's degree in business, finance, economics, Law or other related Field- Masters is a plusCCO Certified compliance officer is a big plusUp to date knowledge in SAMA regulatory framework, and good knowledge of KSA regulatory compliance in financial and payment servicesExperience in fintech/ SaaS industry is a plusComfortable with both English and Arabic languagesStrong commands over MS Office applicationsFlexible to work in a fast paced and evolving environmentWhat We Offer You❗We believe you will love working at Foodics!We 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