Anti Money laundering Officer

Role Overview

Anti Money Laundering Officer at Foodics, a leading restaurant management ecosystem and payment tech provider headquartered in Riyadh with offices across 5 countries including UAE, Egypt, Jordan, and Kuwait.

Company Overview

Foodics is a SaaS company founded in 2014 serving customers and partners in over 35 countries worldwide. The company has processed over 6 billion orders and is one of the most rapidly evolving SaaS companies to emerge from the MENA region. Foodics has completed three funding rounds, with the latest raising $170 million in the largest SaaS funding round in MENA.

Role Purpose

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

Customer Due Diligence & 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.

Enhanced Due Diligence & 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.
• Approve high-risk clients such as cash-intensive merchants, unusual MCCs, and high-volume cross-border activities.

Monitoring & Investigations

• 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 Engagement

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

Regulatory Reporting

• Maintain AML logs, investigation records, and supporting evidence.
• Ensure timely documentation in the case management system.

Training & Awareness

• Support the delivery of AML training to new joiners and operational teams.

Qualifications & Experience

• Bachelor's degree in Finance, Law, Business, or related field.
• 1–2 years' experience in AML, fraud, or compliance.
• Knowledge of SAMA AML requirements and FIU STR procedures is preferred.

Skills & Competencies

• Strong analytical skills.
• Working knowledge of AML systems.

Additional Information

• Highly competitive compensation packages, including bonuses and the potential for shares.
• Personal development support with regular training and an annual learning stipend.
• Inclusive and diverse culture that encourages innovation and flexibility in-office.
• Opportunity to join a talented team of over 30 nationalities working in 14 countries.
• Autonomy, mentoring, and challenging goals in a hyper-growth environment.