AML Officer

About the role

Description from the employer’s posting. Check the employer’s page for the current version.

About Us Tamara is a leading fintech platform in Saudi Arabia and the GCC region with a mission to help people own their dreams built on being simple, trusted, and everywhere our customers need us. Today, more than 25 million customers and over 130,000 partner merchants depend on Tamara every day for reliable financial solutions across retail, travel, education, healthcare, and beyond. Tamara is backed by Sanabil Investments, a wholly owned company of the Public Investment Fund (PIF), and SNB Capital, among others. Your role We're seeking an AML (Anti Money Laundering) Officer for our team. As AML Officer, you will be crucial in ensuring compliance with regulations by effectively applying them in daily operations. Drawing on your proficiency in utilizing compliance testing to monitor and inspect various company units, ensuring they operate within established legal and organizational frameworks, you will be responsible for reporting compliance findings, escalating non-compliance to create unique experiences only Tamara can provide. With a proven track record of maintaining an organized and efficient compliance program, ensuring timely action and effective communication across all levels, and ultimately revolutionize the way millions of users shop, pay, and bank. You are a driven, determined, curious team player, knowing that collective strength means we all win. With a positive outlook, you are solution-oriented–persevering regardless of circumstances, always finding a way through, no matter the challenges. You will effectively find a way to work with everyone through empathy and respect. You will be driven and comfortable with responding quickly with urgency, with the ability to change course without losing momentum and energy, resulting in great success. Your responsibilities To be able to read and understand the rules and regulations that govern the business and translate that into practice. Verify merchants KYC as a second line of defense before granting an approval for onboarding and log all verified merchants for reporting purposes. Ensure that all consumer KYCs are obtained by conducting periodic sampling and reports of any shortcomings. Ensure that all merchants have been assigned the appropriate MCC code and risk level from an AML perspective (Jurisdiction, Products, channels, and Legal form of the company). Ensure that all transactions are monitored and all AML/fraud scenarios are in place and updated periodically. Monitoring and inspecting of Company divisions /units through Compliance testing to ensure compliance with regulations and requirements. Prepare a report of the findings/observations, and escalate in case of breeches. Set an action plan with the concerned department to resolve the breach and find a solution to prevent future violations. Review of marketing and promotional materials and share feedback with the Director of Compliance. Your expertise Bachelor Degree in Law or Business Administration or a related field. 2+ years in a similar field under SAMA. Fintech and payments related to experience is highly preferred. To be able to read and understand the rules and regulations that govern the business and translate that into practice. Excellent communication and presentation skills. Excellent organizational and time management skills. Customer oriented with strong negotiation skills. Analytical and data driven problem solver.