Regulatory Compliance and Monitoring Consultant

3 weeks ago


Riyadh, Saudi Arabia Tap Payments Full time

**About Tap**

Tap Payments is revolutionizing online payments across the MENA region by connecting businesses with simple, unified payment experiences. We need exceptional talent to help us on this journey.

**The Compliance Team**

Our compliance team believes merchant payments should be ultra-safe and secure. That's why they work hand-in-hand with regulators throughout MENA. It may sound all tree-huggy, but nothing is more important than creating a safe transaction environment for our global merchants. If you share similar beliefs, this might be the team for you

**As a Tapster you will**:

- Create a plan to assure that all central bank findings are closed with the relevant departments in a timely manner
- Maintain a Compliance regulatory register for each regulation & its impacted department and obtain the evidence of the control environment
- Monitor transactions processed to identify suspicious activity or transactions that may violate regulatory requirements
- Provide training to the staff and management on compliance-related issues, such as AML laws, sanctions screening, and fraud prevention, we well as other regulatory requirements.
- Develop, review, and update policies and procedures related to compliance with regulatory requirements, such as anti-money laundering (“AML”) laws, sanctions screening, fraud prevention, and data privacy
- Identify and assess the compliance risks associated with Tap’s operations, products, services, and clients/customers to develop and implement strategies to mitigate those risks
- Conduct internal audits of Tap operations to ensure that we are compliant with regulatory requirements and identify any gaps and recommend corrective actions
- Provide advice and guidance on compliance-related issues, such as regulatory requirements and best practice
- Carry out other duties, as assigned based on the demands and growth of the role

**What you will bring to the party**:

- 1-2 years of role-specific experience in Financial Services/Fintech/High-Growth Startups
- Preferred degree, but real-world experience is also accepted.
- Ability to establish credibility and internal relationships
- Understanding of client/merchant/stakeholder care
- Awareness of how your role supports the business
- Enthusiasm for working in a growing fintech
- Ability to work in a team and follow daily tasks
- Skills and knowledge to actively participate in meetings
- Ability to deliver work on time
- Problem-solving and quick-thinking skills
- Ability to organize information and ask relevant questions
- Strong communication skills in English, with a preference for Arabic language ability

**Are you ready to shape the future of payments in MENA?



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