Chief of Compliance & MLRO
Soar Software Development Company
Job Overview
Location
Riyadh, Riyadh Province, Saudi Arabia
Employment Type
Full-time
Work Arrangement
Hybrid
Sector
Finance & Banking
Experience Level
Executive (12+ years)
Application Deadline
June 8, 2026
About the Company
Soar is a dynamic global fintech startup dedicated to revolutionizing financing and investment. Currently headquartered in Saudi Arabia, the company is strategically expanding its presence across the region.
Soar's core mission is to empower individuals to achieve their financial aspirations. They achieve this by providing innovative financial and property investment solutions and tools through a sophisticated, multi-purpose platform designed for a simple and seamless user experience.
Job Description
Soar, a rapidly growing global fintech startup focused on financing and investment, is seeking a highly experienced Chief of Compliance & MLRO to lead its compliance function. Headquartered in Saudi Arabia, Soar is committed to helping individuals achieve their financial goals through innovative solutions and a user-friendly platform.
This pivotal role requires a Saudi national with extensive expertise in the Saudi banking sector or with SAMA-licensed entities. You will be responsible for developing, implementing, and managing the company's comprehensive compliance program, ensuring adherence to all SAMA regulations and relevant authorities. A key aspect of this position involves acting as the primary liaison with SAMA and other regulatory bodies, managing all AML/CFT policies and controls, and conducting internal audits to mitigate risks.
You will also oversee compliance training across departments, prepare essential reports for senior management and regulators, and stay abreast of regulatory changes. The ideal candidate will possess strong leadership, analytical, and problem-solving skills, with fluency in both Arabic and English. This is a unique opportunity to significantly influence the compliance culture of a forward-thinking organization within Saudi Arabia's evolving financial landscape.
To apply for this role, click the Apply button on this page and follow the instructions.
Required Skills
Key Responsibilities
- Develop, implement, and manage the company's compliance program in line with SAMA regulations and other relevant regulatory authorities.
- Act as the primary liaison with SAMA and other regulatory bodies, ensuring timely and accurate reporting.
- Oversee and manage all AML/CFT (Anti-Money Laundering/Combating the Financing of Terrorism) policies, procedures, and controls.
- Lead internal audits and compliance reviews to identify potential risks and implement corrective actions.
- Ensure all departments adhere to compliance requirements, offering guidance and training where necessary.
- Prepare and submit regular compliance and AML reports to senior management and regulators.
- Monitor regulatory changes and advise on necessary adjustments to policies and procedures.
- Handle suspicious activity reports (SARs) and ensure proper documentation and escalation.
- Foster a strong compliance culture across the organization.
Qualifications
- Saudi national (mandatory).
- Bachelor's degree in Law, Finance, Business Administration, or a related field. Master's degree or professional certifications (e.g., CAMS, CISA) are preferred.
- 15+ years of experience in compliance or AML roles within the Saudi banking sector or in companies licensed by SAMA.
- Extensive experience working on home loans or mortgage loan products.
- In-depth knowledge of SAMA regulations, AML laws, and compliance standards in Saudi Arabia.
- Strong leadership and communication skills, with the ability to influence at all levels of the organization.
- Excellent analytical and problem-solving skills.
- Fluency in both Arabic and English.
- Currently working in a Saudi bank or a SAMA-licensed financial institution.
- Hands-on experience with compliance systems and tools used for AML monitoring and reporting.
How to Apply
To apply for this role, click the Apply button on this page and follow the instructions.
Join Our Communities
The financial sector in Saudi Arabia is undergoing significant transformation, driven by Vision 2030 and a surge in fintech innovation. This role is pivotal in navigating this dynamic landscape, ensuring robust adherence to evolving regulatory frameworks. You will be instrumental in shaping the company's compliance strategy, directly impacting its market integrity and investor confidence. Key technical areas include SAMA regulations, AML/CFT frameworks, and risk management protocols. Your leadership will ensure the company's sustainable growth and its ability to offer innovative financial solutions while maintaining the highest ethical standards.
Posted Date
May 25, 2026
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