Anti Money Laundering Specialist

Job description

Foodics, a restaurant management and payments technology provider headquartered in Riyadh, is looking for an Anti Money Laundering Specialist to support the AML Lead in daily AML monitoring, customer due diligence, investigations and regulatory reporting.

The role ensures compliance with SAMA and FIU requirements and covers merchant KYC/KYB checks, enhanced due diligence on high-risk merchants, alert reviews, case investigations and supporting AML training.

Responsibilities

• Perform KYC/KYB checks during onboarding and ensure completeness of company documents.
• Validate CR, National Address, MCC, Beneficial Ownership, and IBAN ownership.
• Perform sanctions, PEP, and adverse media screening.
• Conduct Enhanced Due Diligence on high-risk merchants.
• Review unusual patterns in merchant profiles, including transaction volatility, abnormal MCC behavior, and cash-like activities.
• Approve high-risk clients (e.g., cash-intensive merchants, unusual MCCs, high-volume cross-border activities)
• Act as the primary point of contact with SAMA and FIU regarding AML matters.
• Coordinate regulatory inspections, information requests, and remediation action plans.
• Review AML alerts, analyze customer behavior, and escalate suspicious activity to AML Lead.
• Conduct initial AML case investigations and prepare case summaries.
• Assist in preparing STRs for submission.
• Maintain AML logs, investigation records, and supporting evidence.
• Ensure timely documentation in the case management system.
• Support the delivery of AML training to new joiners and operational teams.

Requirements

• Bachelor’s degree in finance, Law, Business, or related field.
• 1–2 years' experience in AML, fraud, or compliance.
• Strong analytical skills and working knowledge of AML systems.
• Knowledge of SAMA AML requirements and FIU STR procedures is preferred

Benefits

• Highly competitive compensation packages, including bonuses and the potential for shares
• Regular training and an annual learning stipend
• Team of over 30 nationalities working in 14 countries
• Autonomy, mentoring and challenging goals

Skills

• AML
• Case Investigation
• Due Diligence
• KYB
• KYC
• SAMA Regulations
• Sanctions Screening