Anti- Laundering Manager

About Us

Abdul Latif Jameel United Finance Company is a closed joint stock company licensed by the Saudi Central Bank (SAMA) to operate in financial leasing, productive assets financing, consumer products financing, and real estate financing. We provide a wide range of financing options for individuals and SMEs, including cash financing, all types of cars, heavy equipment, household and electronic appliances, as well as real estate financing.

Our offerings are delivered through various Shariah-compliant financial solutions such as financial leasing, Murabaha, and Tawarruq, accessible via our widespread branch network across the Kingdom. We are committed to supporting entrepreneurs through Bab Rizq Jameel Financing programs and strive to be the leading financing destination for small and medium enterprises.

Oversee and manage the effective quality control of assessments conducted on alert investigations, case investigations, and general AML reviews, as well as Suspicious Transaction Reporting. The AML Manager will serve as a subject matter expert in all areas of AML. Work closely with business units to capture and document anti-money laundering (AML) case management requirements at an enterprise level.

• Ensure efficient identification and monitoring of suspicious activities and transactions and ensure timeous reporting of suspicious transactions.
• Document review findings, ensure awareness of conclusions and prepare a report of findings for Compliance and Business management.
• Oversee investigation and assessment of alerts for potential money laundering risks.
• Maintain a current understanding of money laundering, including policies, procedures, regulations, industry best practice, and developing trends.

• Handle assigned cases by the AML/CTF Senior Manager conducting required actions
• Seek and collect information from all relevant departments, external parties, such as analytical information of the relations and transaction details, in order to ensure that the analysis of the identified unusual transactions is legit.
• Ensure that the Organization adheres to all AML Rules and Regulations set by the Regulators.
• Improve and maintain AML/CTF policies and SOP.
• Prepare timely and accurate statements and reports for AML/CTF Senior Manager.
• Manage the resolution of cases through internal and external communications.
• Ensure compliance with regulatory framework put in place by stakeholders.
• Ensure detailed and prompt investigation of all AML/CTF incidents and cases.
• Help identifying any AML/CTF loopholes and coordinating projects to bridge those gaps.
• Prepare the AML Manual including (High-risk customer, PEP, KYC, CDD & EDD).
• Review all cases sent by SAMA and assign them to AML senior specialist and leading a thorough investigation and analysis process in order to close/report the case based on clear evidence and rationales.
• Provide advice and controls to business areas for all products, services in respect to AML/CTF.

• Bachelor’s degree in finance, Business Administration or any related field.
• Diploma in Anti Money Laundering or ACAMS will be distinct advantage.

• Minimum 5 years of work experience in a related field.