SAMA COMPLIANCE SPECIALIST @ SMC STRATEGIC SOLUTIONS
Our client in the Banking, Financial Services, or FinTech sector is seeking a dedicated SAMA Compliance Specialist to lead regulatory efforts in Saudi Arabia. This role is critical for ensuring that all operations align with the Saudi Central Bank (SAMA) regulations, circulars, and supervisory requirements. The ideal candidate will act as a bridge between the business and regulatory bodies, providing expert guidance on compliance risk and governance. You will be responsible for interpreting complex regulatory updates and implementing them across the organization to maintain a robust compliance posture. This includes overseeing regulatory reporting, conducting thorough gap analyses, and ensuring that all submissions are accurate and timely. Additionally, you will support internal and external audits, contribute to policy development, and offer strategic advice on AML/CFT matters. The position requires a professional with 4 to 6 years of experience who can navigate the evolving financial landscape of the Middle East while managing key stakeholders effectively. You will also track regulatory changes and assess their business impact to ensure proactive risk management.
Key Requirements
4–6 years in regulatory compliance within banking or financial institutions
Strong knowledge of SAMA framework and Saudi banking laws
Excellent communication and stakeholder management skills
Ability to interpret and implement new regulatory updates issued by SAMA
Proven experience conducting compliance risk assessments and gap analyses
Expertise in overseeing regulatory reporting and ensuring timely submissions
Support for audits, inspections, and internal policy development
Provide advisory support on compliance and AML/CFT matters
Track regulatory changes and assess business impact
Bachelor's degree in Law, Finance, or a related field
Professional certification in compliance or AML (e.g., CAMS) is preferred