Senior Officer,AML/CTF Job Riyadh area,Riyadh Region Saudi Arabia,Finance & Banking

To ensure that all AML/CTF activities within FAB KSA are carried out in accordance with the authorized activities licensed by the governing authorities / regulators; and to ensure the handling of the AML system alerts and related inquiries, emails and further communication, this will include applying best international practices regarding AML/CTF and safeguarding the bank’s reputation by complying to the applicable laws and regulations.
To ensure timely escalation of alerts/cases presenting indicators of suspicion, sanctions concerns, or material control exceptions in accordance with internal escalation procedures and regulatory expectations.

KEY ACCOUNTABILITIES:

Follow all relevant departmental policies, processes, standard operating procedures, and instructions so that work is carried out in a controlled and consistent manner.
Follow all relevant rules and regulations issues in regards to the handling of the function and any aiding regulatory instructions.
Demonstrate compliance to organisation's values and ethics at all times to support the establishment of a value drive culture within the bank.
Oversee and manage Anti-Money Laundering (AML), Counter-Terrorist Financing (CTF), and Counter-Proliferation Financing (CPF) frameworks, ensuring full compliance with regulatory requirements, internal policies, and international best practices.
Handling and treating alerts generated for sanctions (including Targeted Financial Sanctions (UN)) and AML systems.
Handling and treating SAMANET / Tanfeeth requests.
Escalate any STRs/SAR to the MLRO.
Review and approve High risk clients acceptance including PEP relationships.
Maintain complete documentation, supporting evidence and clear rationale for decisions and case closures to ensure a robust audit trail and regulatory defensibility.
Contribute to the identification of opportunities for continuous improvement and sustainability of systems, processes and practices considering global standards, productivity improvement and cost reduction.

Reporting

Assist in the preparation of timely and accurate statements and reports to meet department requirements, policies and quality standards (internally and externally).
Generating and Monitoring reports generated from the bank AML system to monitor customers’ transactions to detect unusual or potential suspicious activity.
Support periodic AML/CTF MIS preparation by ensuring accuracy and completeness of information related to alerts/cases (e.g., volumes, ageing, outcomes), as assigned.

Additional Accountabilities

Ensure AB&C Policy & Framework are implemented and maintained in line with Group and local regulatory requirements.
Provide advisory to business on AB&C matters.
Develop and deliver AB&C training to employees and relevant stakeholders.
Support the investigations team in any potential bribery or corruption incident review and ensure appropriate reporting of any breaches to senior management.
Handling Anti-commercial concealment role which is under the AML function to combating commercial concealment as required by SAMA.
Perform any other duties and responsibilities as assigned by the line manager or senior management in support of departmental and organizational objectives.

JOB CONTEXT

Support MLRO in implementing bank’s strategy and business expansion
Receive and execute SAMANET / Tanfeeth instructions / queries
Align SAMANET / Tanfeeth processes with back-office systems
Ensure to maintain strict confidentiality and privacy of the customer information & sanctioned names
Assist MLRO in investigation of issues
Perform record management of documents
Comply with bank’s policies
Participate in AML-CTF activities to identify customer breaches if any
Perform systems testing
Comply with regulations from SAMA, other applicable laws…

Senior Officer, AML​/CTF