Senior Regulatory Compliance Associate

Job details

Work model

Not provided by source

Salary

Not listed by source

Location

Riyadh, Saudi Arabia

Job description

About Us Tamara is the leading shopping and payments platform in Saudi Arabia and the GCC region, with a mission to empower people in their daily lives and revolutionize how they shop, pay, and bank. The company was founded by serial entrepreneur Abdulmajeed Alsukhan along with his partners Turki Bin Zarah and Abdulmohsen Al Babtain. Tamara operates out of its headquarters in Riyadh, Saudi Arabia, and has offices in the UAE, Egypt, Germany, and Vietnam. Our large, dedicated team of professionals continues to grow as we expand our reach and impact. Serving millions of users and partnering with thousands of merchants, Tamara collaborates with leading global and regional brands such as SHEIN, Jarir, noon, IKEA, H&M, and Farfetch, as well as local small and medium businesses. The company is backed by SNB Capital and Sanabil Investments, a wholly-owned company by the Public Investment Fund (PIF), Checkout.com, Coatue, Shorooq Partners, and Endeavor Catalyst, among others. Your role We are looking for a Senior Compliance Associate to support the Compliance Department in ensuring full adherence to SAMA regulations applicable to payment services, including activities under the Electronic Money Institution (EMI) license and other Payment Service Provider (PSP) categories. The role involves both advisory and monitoring responsibilities to ensure ongoing regulatory compliance. You are a driven, determined, curious team player, knowing that collective strength means we all win. With a positive outlook, you are solution-oriented–persevering regardless of circumstances, always finding a way through, no matter the challenges. You will effectively find a way to work with everyone through empathy and respect. You will be driven and comfortable with responding quickly with urgency, with the ability to change course without losing momentum and energy, resulting in great success. Your responsibilities • Ensure compliance with all applicable SAMA regulations related to payment services (e.g., EMI, PSP, wallet providers). • Review and approve new products to ensure alignment with SAMA requirements. • Monitor internal processes and product structures for regulatory adherence. • Track, interpret, and implement changes from SAMA circulars and regulatory updates. • Review and maintain internal policies and procedures to ensure consistency with current SAMA regulations. • Ensure receipt and proper dissemination of all circulars and publications issued by SAMA; follow up with relevant departments to ensure timely implementation. • Prepare and submit accurate regulatory reports to SAMA within required timelines. • Review management reports submitted to SAMA for accuracy and completeness. • Coordinate with internal teams to collect and validate data required by SAMA. • Support regulatory inspections, audits, and remediation actions as needed. • Provide advisory support to internal stakeholders on payment-related compliance matters. Your expertise • Bachelor’s degree in Law, Business, Finance, or a related field. • Minimum 1–2 years of experience in a compliance role at a SAMA-regulated entity operating in the payments sector. • Solid understanding of SAMA’s regulatory framework for payment services. • Experience in regulatory reporting and policy review. • Fluent in English and Arabic (spoken and written). • Strong communication, coordination, and analytical skills. • Detail-oriented and able to manage multiple priorities effectively.Fluency in English and Arabic. All qualified individuals are encouraged to apply.

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