Compliance & Money Laundering Reporting Officer

About The Role

We are looking for a Compliance & Money Laundering Reporting Officer (CMLRO) in Saudi. This person will build and manage Thndr KSA’s compliance and AML/CTF capabilities, and will be registered with the Capital Market Authority (CMA) as Thndr KSA’s Compliance Officer and MLRO.

 

What You'll Do

Compliance

• Draft, implement and maintain Thndr KSA’s compliance policies and procedures, keeping them aligned with CMA rules as they change.

• Review policies and procedures at least annually and after any regulatory change, and get them approved by the Board.

• Design, implement and maintain a risk-based compliance programme in line with the Capital Market Institutions Regulations and other CMA rules.

• Run compliance monitoring and surveillance reviews in line with the annual compliance monitoring plan.

• Guide and train the team on regulatory, policy and procedural issues.

• Act as the main point of contact for CMA inquiries, inspections and requests for information.

• Identify, log and resolve compliance issues, complaints and regulatory breaches.

• Prepare and file regulatory reports and notifications with the CMA on time.

 

MLRO

• Own Thndr KSA’s AML/CTF policies and procedures in line with the Anti-Money Laundering Law and the CMA’s AML/CTF Rules.

• Oversee the KYC, customer risk-rating and sanctions-screening framework.

• Identify, investigate and report suspicious transactions to the General Directorate of Financial Intelligence.

• Deliver AML/CTF training to staff.

• Receive and act on any relevant findings, recommendations, guidance, directives, sanctions or notices.

 

Board reporting

• The firm’s compliance with applicable KYC and AML/CTF laws.

• Assessment of the adequacy and quality of the firm’s AML/CTF policies, procedures, systems and controls.

• Any relevant findings, recommendations, guidance, directives, resolutions, sanctions or notices, and how the firm will address them.

  

What You'll Need

Experience

• 5+ years in compliance and/or AML in financial services, ideally at a CMA-licensed Capital Market Institution (brokerage preferred).

• Prior experience as a CMA-registered Compliance Officer or MLRO is strongly preferred.

• Hands-on experience writing and maintaining compliance and AML/CTF policies and procedures for a regulated financial institution.

 

CMA qualifications and registration

• Passed the CMA’s compliance and AML qualification route: CME-1B, CME-2A and CME-2B, or an exemption granted by the CMA.

• Holders of the CMA’s previous-series qualification certificates for this function qualify without retaking the exams. All three must be passed before CMA registration.

• Eligible for registration with the CMA as a Registered Person under the Capital Market Institutions Regulations, including meeting the CMA’s fit-and-proper criteria (skills, experience, competence and integrity).

• Able to act independently of client-facing functions, as required for the Compliance Officer under CMA rules.

• Resident in the Kingdom of Saudi Arabia (a requirement for CMA Registered Persons), or willing to relocate.

 

Skills

• Deep working knowledge of CMA regulations and Saudi AML/CTF law, and the ability to assess their impact on the business.

• Excellent communication and project management skills, and a great work ethic.

• Attention to detail and high discretion with confidential information.

• Comfortable with compliance management, screening and transaction monitoring tools.

• Fluent in English; Arabic strongly preferred.

  

Who Are We?

Thndr was founded on a bold dream to democratize access to investing through smart tech and human-centric design. This is simply our way of saying we give anyone with a smartphone the simple and easy access they need to preserve and grow their wealth. At the same time, we’re shaping the future of investing while actively driving the economies we serve by promoting local investment products.

History has shown that investing is the single greatest way to build long-term wealth, but before Thndr, only a very small percentage of people had access to it due to:

• High barriers to entry — In the form of excessive minimum account balances, complex, outdated onboarding, and low financial literacy.

• Irrelevant experience — Catered toward expert traders and financial specialists, therefore alienating the majority of the population.

• Fragmented offering — Investment products were not gathered in a single, intuitive outlet.

We don't just talk about change, we deliver it. Here's a glimpse into our impact so far:

• 5.5 million app downloads

• EGP 1B+ average daily traded value across 2025

• #1 digital investing platform in Egypt for the third consecutive year

• 76% of users are first-time investors

• 40% of our users come from outside of capital cities and have previously had limited access to financial institutions

Building on the success of our core platform, we are continuing to change culture and break down barriers by launching Rumble, the subscription-based investment recommendations platform.

Rumble was born with the vision to empower everyday individuals to build wealth confidently and intelligently through access to timely and in-depth advice from the industry’s top experts.

Going beyond traditional investment advice, it offers long and short-term investment recommendations and financial content through engaging articles and videos that guide users on their financial journey and maximize their returns.

At Thndr, we're looking for people driven by our mission to help us democratize investing across the MENA region.