Anti Money laundering Officer

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💡

Support the AML Lead in conducting daily AML monitoring, customer due diligence, investigations, and regulatory reporting, ensuring compliance with SAMA and FIU requirements.

Key Responsibilities

CDD & Onboarding

• 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.

EDD & High-Risk Reviews

• Conduct Enhanced Due Diligence on high-risk merchants.
• Review unusual patterns in merchant profiles, including transaction volatility, abnormal MCC behavior, and cash-like activities.

Monitoring & Investigations

• Approve high-risk clients (e.g., cash-intensive merchants, unusual MCCs, high-volume cross-border activities)

Regulatory Engagement

• Act as the primary point of contact with SAMA and FIU regarding AML matters.
• Coordinate regulatory inspections, information requests, and remediation action plans.

Training & Awareness

• 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.

Regulatory Reporting

• Maintain AML logs, investigation records, and supporting evidence.
• Ensure timely doc…