Anti Money laundering Lead

Role Overview

Anti-Money Laundering Lead at Foodics, a restaurant management ecosystem and payment tech provider headquartered in Riyadh with offices across 5 countries.

Company Overview

Foodics is a leading SaaS company founded in 2014, serving customers and partners in over 35 countries worldwide. The company has processed over 6 billion orders and recently raised $170 million in the largest SaaS funding round in MENA. The team comprises over 30 nationalities working across 14 countries.

Role Purpose

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. Serve as the subject-matter expert and main point of escalation for AML-related matters.

Key Responsibilities

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, including evaluation of customer, product, channel, and geography risks.
• Define and maintain AML/CTF Key Risk Indicators (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 Enhanced Due Diligence (EDD) files, high-risk merchant onboarding, and risk rating adjustments.

Onboarding & Know Your Customer Oversight

• Ensure that onboarding processes including KYC, KYB, Beneficial Ownership, MCC validation, and sanctions checks meet regulatory expectations.
• Approve high-risk clients such as cash-intensive merchants, unusual MCCs, and 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

• Deliver annual AML training and specialized training for frontline and risk teams.
• Ensure continuous AML awareness and testing.

Team Leadership

• Supervise AML analysts and officers, provide coaching, and ensure workload distribution.

Qualifications & Experience

• Bachelor's degree in Finance, Law, Business, or related field.
• 4–7 years of AML experience, preferably in Payments, Acquiring, or Fintech.
• Strong understanding of SAMA AML/CTF guidelines, FATF recommendations, and digital payments risk typologies.
• CAMS Certification highly preferred or equivalent.

Additional Information

• Inclusive and diverse culture that encourages innovation and flexibility in offices.
• Highly competitive compensation packages, including bonuses and potential for shares.
• Regular training and annual learning stipend for personal development and career growth.
• Autonomy, mentoring, and challenging goals in a hyper-growth environment.