Summary
Foodics is a restaurant management ecosystem and payment technology provider headquartered in Riyadh. The Anti-Money Laundering Specialist supports the AML Lead with customer due diligence, onboarding checks, high-risk reviews, transaction monitoring, investigations, and regulatory reporting. The role also involves maintaining case records, assisting with STR preparation, coordinating with SAMA and FIU, and supporting AML training. Applicants should have a bachelor’s degree in finance, law, business, or a related field and 1–2 years of experience in AML, fraud, or compliance.
The posting
As published on foodics.com. Pulled from the employer's site and shown as they wrote it.
Who Are We❓
We Are Foodics! a leading restaurant management ecosystem and payment tech provider. Founded in 2014 with headquarter in Riyadh and offices across 5 countries, including UAE, Egypt, Jordan and Kuwait. We are currently serving customers and partners in over 35 different countries worldwide. Our innovative products have successfully processed over 6 billion (yes, billion with a B) orders so far! making Foodics one of the most rapidly evolving SaaS companies to ever emerge from the MENA region. Also Foodics has achieved three rounds of funding, with the latest raising $170 million in the largest SaaS funding round in MENA, boosting its innovation capabilities to better serve business owners.
The Job in a Nutshell💡
Support the AML Lead in conducting daily AML monitoring, customer due diligence, investigations, and regulatory reporting, ensuring compliance with SAMA and FIU requirements.
Key Responsibilities:
CDD & Onboarding
- Perform KYC/KYB checks during onboarding and ensure completeness of company documents.
- Validate CR, National Address, MCC, Beneficial Ownership, and IBAN ownership.
- Perform sanctions, PEP, and adverse media screening.
EDD & High-Risk Reviews - Conduct Enhanced Due Diligence on high-risk merchants.
- Review unusual patterns in merchant profiles, including transaction volatility, abnormal MCC behavior, and cash-like activities.
Monitoring & Investigations - Approve high-risk clients (e.g., cash-intensive merchants, unusual MCCs, 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 - Review AML alerts, analyze customer behavior, and escalate suspicious activity to AML Lead.
- Conduct initial AML case investigations and prepare case summaries.
- Assist in preparing STRs for submission.
Regulatory Reporting - Maintain AML logs, investigation records, and supporting evidence.
- Ensure timely documentation in the case management system.
Training & Awareness - Support the delivery of AML training to new joiners and operational teams.
What Are We Looking For❓
- Bachelor’s degree in finance, Law, Business, or related field.
- 1–2 years' experience in AML, fraud, or compliance.
- Strong analytical skills and working knowledge of AML systems.
- Knowledge of SAMA AML requirements and FIU STR procedures is preferred
What We Offer You❗
We believe you will love working at Foodics!
- We have an inclusive and diverse culture that encourages innovation and flexibility in-offices.
- We offer highly competitive compensation packages, including bonuses and the potential for shares.
- We prioritize personal development and offer regular training and an annual learning stipend to tackle new challenges and grow your career in a hyper-growth environment.
- Join a talented team of over 30 nationalities working in 14 countries, and gain valuable experience in an exciting industry.
- We offer autonomy, mentoring, and challenging goals that create incredible opportunities for both you and the company.