Compliance Officer & MLRO

Compliance Officer & MLRO

Location: Riyadh, Saudi Arabia

The Opportunity

We are supporting an established international investment management business looking to appoint a Compliance Officer & MLRO for its regulated operation in Riyadh.

This is a senior local Compliance position with responsibility for ensuring the business continues to operate in line with its Capital Market Authority requirements , wider regulatory obligations plus internal governance standards.

The successful individual will work closely with senior management across the local business, acting as a trusted adviser on regulatory matters while taking ownership of the local compliance framework.

Alongside the core Saudi Arabia responsibilities, there will also be exposure to wider regional activity plus the opportunity to contribute to broader Compliance projects across the Middle East.

The position would suit someone with strong knowledge of the Saudi Arabian regulatory environment , ideally gained within Asset Management, Investment Management or a closely related Financial Services environment.

Key Responsibilities

• Maintain an effective Compliance framework aligned with CMA requirements, regulatory expectations plus relevant market practice
• Act as the registered MLRO , taking responsibility for the associated regulatory obligations
• Provide practical Compliance advice to senior management plus colleagues across the business
• Interpret regulatory developments plus assess their impact on the organisation
• Support senior management in identifying, assessing plus managing Compliance and business risks
• Develop appropriate Compliance policies, procedures plus governance arrangements
• Support the delivery of Compliance and Risk training across the business
• Act as a key point of contact for regulatory, Compliance plus risk related queries
• Proactively identify plus assess Compliance and corporate risks arising from business activities
• Assess Compliance implications relating to new products, new business activities, client relationships plus material changes to existing arrangements
• Establish plus maintain an appropriate Compliance Monitoring Programme
• Work with relevant monitoring colleagues to ensure testing activity reflects regulatory requirements plus the risk profile of the business
• Report monitoring findings plus significant Compliance matters to senior management
• Act as a principal point of contact with the Capital Market Authority
• Develop constructive relationships with relevant regulators, industry bodies plus other appropriate external stakeholders
• Contribute to wider regional Compliance initiatives where required

About You

You will ideally bring:

• A minimum of five years' Financial Services experience , including meaningful Compliance or regulatory experience
• Strong knowledge of the Saudi Arabian regulatory framework
• Experience dealing with regulatory examinations, inspections plus supervisory requirements
• The necessary CMA licences or authorisations required to undertake the position
• Good understanding of the Asset Management or Investment Management industry
• Experience within mutual funds, institutional investment management or related investment products
• Strong analytical skills plus sound regulatory judgement
• The confidence to provide practical technical guidance to senior stakeholders
• Strong presentation plus communication skills
• The ability to build credible relationships across different business areas
• The ability to manage competing priorities within a fast paced environment
• A Bachelor's degree or equivalent professional experience
• Fluency in Arabic plus English , both written and spoken

Why Consider This Role?

This is an opportunity to take on a visible Compliance leadership position within an international investment business operating in a developing Saudi Arabian market.

You will have genuine ownership of the local Compliance framework, direct exposure to senior management plus the opportunity to influence how regulatory requirements are embedded into the business.

The role also offers broader regional exposure, allowing you to contribute beyond the Saudi entity while remaining closely connected to the local market.