Compliance Officer / MLRO- Saudi Arabia

Why Join dLocal? dLocal is the financial infrastructure powering global commerce in the world's fastest-growing markets. The biggest companies in the world trust us to unlock growth in 60+ countries across emerging markets—moving money where others see complexity. We don't just process payments; we are architects of payment ecosystems and partners in our customers' expansion. You'll work alongside 1,300+ teammates from 40+ nationalities and tackle global challenges from day one. We are looking for a Compliance Officer in Saudi Arabia to join our global team. This role will play a crucial role in banking relationships as well as with internal reports. What I will be doing ? • KYC Onboarding: • Oversee and manage the Know Your Customer (KYC) onboarding process for new customers and update existing ones in Saudi Arabia • Ensure compliance with local and international regulatory requirements related to customer identification and verification. • Transaction Monitoring: • Implement and enhance transaction monitoring systems to detect and report suspicious activities within the Saudi Arabian context. • Conduct periodic reviews and assessments to ensure the effectiveness of transaction monitoring processes. • AML/CFT Compliance: • Serve as the primary point of contact for AML/CFT matters in Saudi Arabia • Possess in-depth knowledge of Anti-Money Laundering (AML) and Counter-Terrorism Financing (CFT) regulations in Saudi Arabia • Develop and enforce AML/CFT policies and procedures tailored to the Saudi Arabian regulatory environment. • Regulatory Compliance: • Stay abreast of the regulatory landscape governing the payments industry in Saudi Arabia • Interpret and communicate regulatory changes, especially those related to AML/CFT requirements, to relevant stakeholders within the organisation. • Establish and maintain strong relationships with regulators in Saudi Arabia • Remittance Compliance: • Develop and implement compliance procedures specific to remittances and cross-border payments in Saudi Arabia. • Ensure adherence to regulatory requirements governing remittance services in the Saudi Arabian market. • Risk Assessments: • Conduct regular risk assessments to identify and mitigate potential compliance risks within the Saudi Arabian context. • Collaborate with other departments to implement risk mitigation strategies. • Reporting: • Report findings and other compliance matters related to AML/CFT to different stakeholders in Saudi Arabia in a clear and understandable manner. • Ensure timely and accurate reporting to internal and external stakeholders as required by Saudi Arabia regulations. • Training and Awareness: • Provide training to staff on compliance policies, procedures, and regulatory requirements, with a specific focus on AML/CFT in the Saudi Arabia market. • Foster a culture of compliance awareness within the organisation. What skills and qualifications do I need? • Bachelor's degree in a relevant field; additional certifications (e.g., CAMS, ACAMS, ICA) are a must. • 4-6 years of legal experience in consultancy firms, AML, Transaction Monitoring, and KYC within the banking or fintech sector • Proven experience in a compliance role within the financial services industry, with a focus on payments and remittances. • Hands-on experience in building or implementing compliance-related automations (e.g., workflows, alerts, reporting systems) • In-depth knowledge of KYC processes, transaction monitoring, and AML/CFT regulations in Saudi Arabia • Familiarity with Saudi Arabian regulatory frameworks for the payments industry. • Experience in engaging with regulators in Saudi Arabia and maintaining positive relationships. • Strong analytical and problem-solving skills.