Deputy Laundering Reporting Officer & Compliance

Deputy Money Laundering Reporting Officer & Compliance

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Lesha Bank is searching for the greatest talent and brightest minds to contribute to the current growth phase at our bank. We are looking for top-tier individuals who are passionate and hungry to add value from day one. Every day at Lesha is different, presenting a new challenge with the opportunity to contribute and grow. We are looking for Deputy MLRO.

• Support the MLRO in maintaining and implementing the Company’s AML/CTF framework in accordance with CMA regulations, Saudi AML/CTF laws, and internal policies and procedures.
• Assist in the development, review, and implementation of AML/CTF policies, procedures, and internal controls.
• Conduct periodic AML/CTF risk assessments and support the implementation of appropriate mitigation measures.
• Monitor customer activities and transactions to identify unusual or suspicious behavior, ensuring proper documentation and timely escalation to the MLRO.
• Support the preparation and submission of Suspicious Transaction Reports (STRs) and other required regulatory reports to the CMA and relevant authorities.
• Maintain complete and accurate records of AML-related activities, investigations, and reports in line with regulatory requirements.
• Assist in enhancing AML monitoring systems, transaction monitoring tools, and reporting mechanisms.
• Provide guidance and deliver training to employees and business units on AML/CTF obligations and regulatory expectations.
• Coordinate with internal and external auditors and regulators during AML/CTF audits, inspections, and examinations.

• Implement and maintain the institution’s Targeted Financial Sanctions (TFS) compliance framework in line with CMA regulations, national laws, and UN Security Council resolutions.
• Conduct ongoing sanctions risk assessments related to terrorism financing and proliferation financing, and ensure risks are properly identified, assessed, documented, and mitigated.
• Develop, review, and update written policies, procedures, and internal controls related to sanctions screening, freezing, unfreezing, reporting, and record retention.
• Ensure timely and accurate screening of customers, beneficial owners, authorized signatories, transactions, and related parties against applicable sanctions lists.
• Oversee the daily management and updating of internal sanctions lists using official national and international sources.
• Review, investigate, and resolve sanctions screening alerts in a timely manner, ensuring proper escalation of confirmed or potential matches.
• Ensure immediate freezing of funds and assets upon confirmation of a sanctions match, without prior notice, in accordance with regulatory requirements.
• Coordinate and submit required notifications and reports to the Capital Market Authority and relevant competent authorities regarding sanctions-related cases.
• Maintain complete, accurate, and audit‑ready documentation for all sanctions screening activities, alerts, decisions, freezing actions, and regulatory communications.
• Monitor and identify potential sanctions evasion or circumvention attempts and elevate suspicious cases in line with AML/CTF reporting requirements.
• Prepare periodic compliance reports for senior management and the Board, covering sanctions exposure, alerts, freezes, and compliance status.
• Support internal and external audits by providing required information, explanations, and evidence related to sanctions compliance.
• Ensure effective coordination with AML, Compliance, Legal, Operations, and IT teams to support sanctions compliance activities.
• Oversee or support sanctions‑related training and awareness programs for relevant staff, tailored to their roles and risk exposure.
• Ensure confidentiality of sanctions‑related information and prevent tipping‑off or unauthorized disclosure.
• Continuously monitor regulatory updates, CMA circulars, and international developments related to targeted financial sanctions and ensure timely implementation.

• Assist the Compliance function in ensuring…