Job Purpose:
The Compliance and Anti-Money Laundering (AML) Officer is responsible for establishing and implementing the regulatory compliance and AML framework for the company, acting as the Money Laundering Reporting Officer (MLRO), and supporting the company's licensing, regulatory, and general administrative requirements within the Kingdom of Saudi Arabia and other relevant jurisdictions.


1. Compliance Responsibilities • Develop, implement, and manage an effective legal and regulatory compliance program for the Catalyst group of companies operating in or outside the Kingdom of Saudi Arabia and any additional jurisdictions as needed. • Prepare, review, and update internal policies and procedures to ensure compliance with applicable laws, regulations, and regulatory requirements, particularly within the Kingdom of Saudi Arabia and other relevant jurisdictions. • Advise senior management on regulatory compliance matters with competent authorities (including the Capital Market Authority and Saudi regulators) through detailed reports and risk assessments. • Develop and manage effective corrective action plans in response to audit findings, regulatory observations, or compliance breaches. • Conduct periodic compliance reviews and internal audits to identify potential risks, control weaknesses, or regulatory gaps. • Assess the company's operations and activities to determine exposure to compliance risks, particularly within the Saudi market. • Ensure employees are informed and updated on regulatory developments, compliance obligations, and internal procedures. Address and resolve employee queries and feedback regarding legal and regulatory compliance matters.


2. Anti-Money Laundering Responsibilities • Act as the designated Money Laundering Reporting Officer (MLRO). • Develop, implement, and maintain AML and Counter-Terrorism Financing (CTF) policies, procedures, and controls in accordance with applicable laws and regulations, particularly within the Kingdom of Saudi Arabia. • Monitor transactions and business activities to identify, investigate, and assess suspicious behaviors or activities. • Review internal Suspicious Activity Reports (SARs) and determine appropriate escalation, investigation, or reporting actions. • Report suspicious transactions and activities to regulatory and competent authorities as required by law. • Conduct AML risk assessments and implement appropriate controls and mitigation measures. • Maintain accurate AML documentation and records in accordance with applicable record-keeping requirements. • Provide AML/CTF training programs and foster a strong culture of compliance throughout the organization. Coordinate and communicate with regulators, auditors, and competent authorities regarding compliance and AML matters.
3. Procedural, Regulatory, and Licensing Support
• Follow up and finalize procedures and transactions related to the company before relevant government and non-government entities within the Kingdom of Saudi Arabia. • Assist in obtaining, renewing, and maintaining required registrations, licenses, permits, subscriptions, and regulatory disclosures, and follow up on related procedural requirements. • Collaborate on procedural and administrative requirements related to arranging and advising licenses and any associated procedures or future licensing requirements, provided that such collaboration is limited to procedural follow-up, submitting approved documents, and tracking regulatory responses. • Manage and use the company's electronic platforms only within the authority granted in writing by the company and exclusively for the purpose of performing assigned tasks.
4. General Administrative Responsibilities • Maintain the company's paper and electronic filing systems, statutory records, registers, and documentation archives, ensuring they are complete, accurate, and up to date. • Coordinate with government platforms and service portals (such as Qiwa, GOSI, Muqeem, Absher Business, Etimad, Chamber of Commerce, Ministry of Commerce, and ZATCA) regarding routine requests, renewals, and status tracking. • Support administrative human resources procedures, including onboarding documents, attendance and leave records, and maintaining employee files. • Act as a point of contact for official incoming correspondence, couriers, and official notices addressed to the company, and route them to the relevant department without delay. • Perform any other reasonable administrative or procedural tasks assigned by the General Manager, commensurate with the employee's qualifications, provided they do not conflict with the independence and priority of the Compliance and AML function.
5. Authority Limits and Restrictions • Provide administrative and procedural support only, without legal representation, signing authority, authority to modify company data, or control over company accounts, unless explicitly authorized in writing. • Provide procedural, administrative, and informational support regarding assigned matters, without providing binding legal opinions or making commitments, undertakings, or declarations on behalf of the company, unless explicitly authorized in writing. • Do not create, modify, replace, disable, retrieve, or change any usernames, passwords, verification codes, login credentials, mobile numbers, email addresses, recovery information, or access methods related to the company's accounts or electronic platforms without prior written consent from the company. • Acknowledge that all company accounts, electronic platforms, login credentials, verification tools, access methods, data, and transaction logs remain the exclusive property of the company and that no personal rights or independent control over them are acquired. • Nothing in this assignment shall be interpreted as granting any general authority to represent the company, sign documents, provide final approvals, or make material changes to company data, except under a specific, written, and explicit authorization issued by the company's authorized representative. • Administrative tasks listed in item (4) do not include executing or approving financial transactions or managing any operational activity subject to compliance review, to preserve the independence of the compliance function.
6. Qualifications and Requirements • University degree in Law, Finance, Accounting, Business Administration, or a related field. • Working knowledge of Saudi regulatory requirements, AML/CTF obligations, and related licensing procedures. • Meet the Fit and Proper standards of the relevant Saudi regulator for the role of Compliance/MLRO. • Fluency in Arabic and English, both spoken and written, at a professional level. • Strong organizational skills, maintaining confidentiality in handling information, and proficiency in office software and government electronic platforms.