Posted 4 days ago 1318 views Report Job
We are seeking a highly skilled and experienced Compliance Officer to join our new branch in Saudi Arabia. The ideal candidate will be a Saudi national with a strong background in compliance and a proven track record in handling applications for an Electronic Money Institution (EMI) license with the Saudi Arabian Monetary Authority (SAMA).
Key Responsibilities:
EMI Application Process:
- Lead the application process for obtaining the EMI license from SAMA.
- Serve as the primary point of contact for all communications with SAMA regarding the EMI application.
- Prepare, review, and submit all required documentation for the EMI application, ensuring accuracy and completeness.
Compliance Department Oversight:
- Oversee the development of the Compliance department, including hiring, training, and managing compliance staff.
- Establish and implement compliance policies and procedures to ensure adherence to regulatory requirements.
- Monitor and assess the effectiveness of the Compliance department and make improvements as necessary.
Regulatory and Financial Compliance:
- Ensure that the company complies with all applicable regulatory and financial compliance requirements.
- Stay up-to-date with changes in local and international regulations and advise the company on necessary actions.
- Conduct regular compliance audits and risk assessments to identify and mitigate potential compliance issues.
Documentation and Reporting:
- Maintain comprehensive records of all compliance activities and communications with regulatory bodies.
- Prepare and present regular reports on compliance status and issues to senior management.
- Develop and maintain a compliance calendar to track important deadlines and regulatory filings.
Qualifications:
- Saudi national with a few years of experience in senior compliance roles within the financial services industry.
- Proven experience in applying for an EMI license with SAMA.
- Strong knowledge of Saudi Arabian financial regulations and compliance requirements.
- Excellent organizational and documentation skills.
- Strong communication and interpersonal skills.
- Ability to work independently and manage multiple tasks simultaneously.
- Willingness to work on an hourly basis to prepare the initial set of documents for the EMI application.
Why Join GuavaPay?
- Opportunity to play a crucial role in establishing and growing a new branch.
- Dynamic and innovative work environment.
- Competitive compensation.
Job Details
Guavapay is a payment platform that drives payment optimisation and stability. Guavapay’s full-stack payment ecosystem includes a range of financial technology products and solutions. Our flagship product is MyGuava, the “all things payments app”. In addition to MyGuava, we offer a range of other payment services to businesses and individuals, including card processing, cross-border payments / remittance, merchant acquiring, card issuing and e-wallets. Whatever our customers’ needs are, our breakthrough platform can help them integrate, process and transact globally. We aim to take our place on the forefront of payment disruption, bringing innovative solutions for flawless and low cost payments on the market. Our future plans extend beyond payments and remittance to other fintech areas. Our ambitions are global. Our drive for success is unmatched.
