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Req ID:  4355

Officer, Compliance

Date:  15 Jun 2026
Company:  Olayan Financing Company
Location: 

Riyadh, SA

Department:  Legal Affairs
Sub Department:  Legal - Compliance & Governance
Number of Openings:  1

Short Description (Role Purpose)

The Compliance Officer supports the Compliance General Manager and Legal team in the implementation and administration of the organization's compliance program. The role is responsible for coordinating banking and investment compliance activities, managing Ultimate Beneficial Owner (UBO) disclosures, supporting sanctions compliance requirements, maintaining compliance documentation, and assisting with compliance awareness initiatives. The position also provides administrative and advisory support on general compliance matters to ensure adherence to regulatory and organizational requirements.

 

Job Accountabilities & Activities

Operations    
•    Prepare and maintain ownership structure charts and related disclosure documentation.
•    Support the certification and attestation of legal and personal documents.
•    Complete and coordinate KYC, CDD, AML, CRS, FATCA, sanctions, and account-opening compliance documentation.
•    Support investment-related compliance activities, including subscription agreements, UBO Fit and Proper forms, and related-party transaction documentation.
•    Maintain and update UBO ownership calculations and disclosure records.
•    Assist in preparing periodic sanctions exposure reports.
•    Administer and maintain sanctions exposure questionnaires using approved templates.
•    Provide day-to-day support on compliance-related inquiries and activities.

Compliance & Regulatory Support    
•    Ensure compliance documentation is completed accurately and submitted within required timelines.
•    Conduct PEP screening and related inquiries in coordination with Compliance, Legal, and relevant stakeholders.
•    Support compliance requirements related to banking relationships and investment transactions.
•    Assist with sanctions compliance reviews and advisory activities under management direction.
•    Support the preparation and coordination of corporate compliance disclosures.

Stakeholder Management    
•    Coordinate with Legal, Compliance, TOG, and other internal stakeholders to obtain required information and approvals.
•    Liaise with relevant departments to facilitate completion of compliance forms and regulatory requirements.
•    Support cross-functional collaboration on UBO disclosures, sanctions matters, and investment compliance activities.

Development    
•    Assist in the implementation and delivery of annual compliance awareness initiatives.
•    Support the preparation, distribution, and maintenance of compliance training materials.
•    Promote employee awareness of compliance obligations and organizational policies.

Reporting    
•    Assist in preparing periodic sanctions exposure reports and compliance-related summaries.
•    Monitor and report the status of compliance documentation, training completion, and disclosure requirements.
•    Provide compliance-related information and updates to management as required.

Record Keeping
•    Maintain accurate records of compliance forms, disclosures, sanctions questionnaires, and supporting documentation.
•    Track and update UBO ownership records and calculations.
•    Maintain compliance training attendance and completion records.
•    Ensure compliance documentation is properly organized, archived, and readily accessible.

Education & Certifications

Education

  • Bachelor’s Degree in Law, Business Administration, Finance, Accounting, or a related discipline.

Certifications

Preferred (not mandatory):

  • Certified Anti-Money Laundering Specialist (CAMS)
  • International Compliance Association (ICA) Compliance Certification
  • Certified Compliance & Ethics Professional (CCEP)
  • Relevant AML/KYC or Regulatory Compliance certifications

Knowledge Requirements

  • Working knowledge of KYC, CDD, AML, FATCA, CRS, UBO, PEP, and sanctions compliance frameworks.
  • Familiarity with Saudi Arabian regulatory requirements and international compliance standards.
  • Understanding of banking, investment, and corporate compliance processes.

Required Years of Experience

2–3 years of experience in Compliance, Regulatory Affairs, Legal Support, Risk Management, or a related function.

Experience working with or supporting a Legal or Compliance team.

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