About
The company is a leading fintech player in the MENAP region that aims to redefine financial services and build the future bank of SMEs. The company aims at empowering SMEs to start, run, and grow their businesses by providing them with cutting-edge financial and technological tools.
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Responsibilities
- Define the AML & CTF standards and ensure implementation of local procedures.
- Contribute to the development and roll out of strategic initiatives, working with project leadership, managers, and other team members to better ensure efficiency and reduce compliance risks.
- Assist in developing compliance initiatives and programs to comply with the respective legal, licensing, and regulatory obligations.
- Support in handling the management and execution of monitoring and assessment programs for Anti-Money Laundering/Counter-Terrorism Financing (AML/CTF).
- Strive to develop, improve, and maintain AML/CTF policies and procedures.
- Identify and cascade any changes related to legislation and other regulatory requirements relating to AML/CTF.
- Offer regular assistance and oversee the work performed by the Investigation team as the first line monitors and investigators of suspicious activity.
- Ensure consistent and timely feedback on cases that have been escalated.
- Ensure to perform accurate Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) as case investigations require.
- Review Financial Intelligence Unit (FIU) Suspicious Transaction Reports (STR) to ensure accuracy and completeness before submitting.
- Develop and participate in compliance programs and initiatives.
- Provide relevant compliance reporting to ensure the completion and proper analysis of suspicious activity reports that have been conducted.
- Ensure detailed and prompt investigation of all AML/CTF incidents and cases.
- Maintain a proper register of all STRs reported to the FIU.
- Perform ongoing/ad hoc sampling of AML/CFT team work to ensure compliance with the company’s procedures and regulations.
- Oversee and implement an ongoing AML training program for other employees.
- Provide ongoing assistance, hands-on support, and on-the-job training to the AML/CFT team.
- Work directly with the Head of Financial Crimes to identify and escalate issues that represent Money Laundering/Terrorist Financing (ML/TF) risks.
- Maintain good relationships with regulatory and law enforcement bodies, including SAMA/FIU.
Requirements
- Bachelor’s Degree in Law, Finance, Business Administration, or equivalent studies (the education level can be replaced by years of experience).
- Eight (8) to twelve (12) years of experience in a similar role.
- Advanced computer skills in Microsoft Office Tools.
- Fluent in English and Arabic.
- Advanced knowledge of compliance and regulations.
Core Competencies
- Self-Actualization & Fulfilment: Proficiency Level - ADVANCED
- Team Synergy & Development: Proficiency Level - ADVANCED
- Entrepreneurial Mindset & Drive: Proficiency Level - ADVANCED
- Business Acumen & Diligence: Proficiency Level - ADVANCED
Location
Riyadh, Riyadh, Saudi Arabia
