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Job Description

  • Implements, co-ordinates, and ensure that the organization adheres to regulatory requirements, by ensuring systems, processes and documentation meet requirements of governing regulations, and ensure that applicable laws, regulations, circulars, etc. are implemented in timely basis.

Job Specific Accountabilities

  1. Develops, reviews and update policiesand procedures governing regulations to mitigate the risks applicable to AESA to ensure compliance with applicable laws, rules, regulations and Amex global Compliance requirements.
  2. Stays informed and abreast of regulatory environment and developments and ensures that the organization operates within those requirements and standards.
  3. Primarily responsible for SAMA communications, correspondences and ensure that SAMA requests, queries, follow ups and periodic submissions are made in timely basis. Also, ensure that correspondence records are retained in line with the policy and regulatory requirements.
  4. Performs the fitness and propriety checks, requirements, submissions to SAMA for senior management in accordance with the internal procedure and regulatory requirements.
  5. Conducts impact assessment for new law, regulation, circular, etc. to ensure implementation.
  6. Assists in conducting Monitoring and Testing on functions based on the risk posed by those.
  7. Coordinates with other departments and attend meetings with SAMA (if applicable) to ensure new SAMA rules, circulars or regulations are implemented in timely basis.
  8. Monitors and apply FATCA policy on a monthly basis and raise requests through CRM (where required).
  9. Assists in projects related to Compliance and AML activities.
  10. Conducts ad-hoc investigations / internal reviews as requested by the Head of Department to ensure all internal controls are implemented.
  11. Assists in the development & implementation of a risk based compliance program in general, as per the defined lifecycle

Minimum Qualifications:

  • Bachelor degree or equivalent, preferably in Business administration or similar fields.


  • At least 4 to 5 year of experience in Compliance/ AML field.


  • Knowledgeable in applicable regulatory requirements (including AML/CFT)
  • Familiar with applicable regulatory requirements in general
  • Familiar with relevant AESA systems, policies and procedures as well as risk management principles.
  • General understanding of both Issuing and Acquiring businesses
  • Microsoft Office skills, in particularl Excell


  • Self motivated individual with proven track record and a team player.
  • Good inter-personnel skills to deal with senior management and representatives from group Compliance (GNS), SAMA and other regulatory bodies.

Job Details

Total Positions:
1 Post
Job Shift:
First Shift (Day)
Job Type:
Job Location:
No Preference
Minimum Education:
Career Level:
Experienced Professional
4 Years - 5 Years
Apply Before:
May 08, 2018
Posting Date:
Apr 08, 2018
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American Express

Banking/Financial Services · 301-600 employees - Riyadh

pAmerican Express Saudi Arabia is a joint venture company, equally owned by Amex (Middle East) BSC (c) and The Saudi Investment Bank. The company owns and operates the American Express Card and Merchant business in the Kingdom of Saudi Arabia. Even though American Express products have been avail ...Read More

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