Anti Money laundering Lead

Foodics·LinkedIn·Riyadh, Saudi Arabia·On-site·Full-time·2 days ago

Mid-Senior levelBachelor's DegreeOtherInformation Technology and ServicesRegulatory & Government Affairs

About the role

Who Are We❓

We Are Foodics!a leading restaurant management ecosystem and payment tech provider. Founded in 2014 with headquarter in Riyadh and offices across 5 countries, including UAE, Egypt, Jordan and Kuwait. We are currently serving customers and partners in over 35 different countries worldwide. Our innovative products have successfully processed over 6 billion (yes, billion with a B) orders so far! making Foodics one of the most rapidly evolving SaaS companies to ever emerge from the MENA region. Also Foodics has achieved three rounds of funding, with the latest raising $170 million in the largest SaaS funding round in MENA, boosting its innovation capabilities to better serve business owners.

The Job in a Nutshell💡

Lead and oversee all Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) activities for FoodicsPay, ensuring full compliance with SAMA AML/CTF regulations, FATF guidelines, and internal risk management frameworks. The AML Lead acts as the subject-matter expert and main point of escalation for AML-related matters.

What Will You Do❓

Governance & Oversight

Develop, update, and maintain AML/CTF policies, procedures, and standards in line with SAMA regulations.
Establish the annual AML plan and ensure execution of monitoring processes and thematic reviews.
Lead the AML Risk Assessment (ML/TF Risk Assessment) including customer, product, channel, and geography risks.
Define and maintain AML/CTF KRIs and dashboards for senior management and the Board.

Monitoring & Investigations

Oversee transaction monitoring alerts, reviewing escalated cases and high-risk alerts.
Manage complex AML investigations, including suspicious activity involving merchants or payment flows.
Ensure timely filing of Suspicious Transaction Reports (STRs) to the Saudi FIU (GFIU) in accordance with regulatory timelines.
Sign-off on EDD files, high-risk merchant onboarding, and risk rating adjustments.

Onboarding & KYC Oversight