Aml Lead

AML Lead

**AML Lead**

**Department**:Compliance

**Employment Type**:Full Time

**Location**:KSA

**Reporting To**:Nasser Alrouji

**Description**

You will be responsible for overseeing and implementing the company's AML program. This includes implementing and maintaining policies and procedures to ensure compliance with Anti-money laundering laws and regulations. You will collaborate with cross-functional teams, conduct risk assessments, and lead efforts to detect and prevent money laundering and terrorism financing activities.

**Key Responsibilities**
- Regularly review and update AML policies, procedures, and controls.
- Conduct risk assessments to identify and evaluate potential money laundering risks associated with the company's products, services, and customer base.
- Develop plans and controls to mitigate identified money laundering risks.
- Support business divisions and act as focal point on AML requirements.
- Develop and enforce robust customer due diligence procedures to verify the identity of customers and assess the risk associated with their transactions.
- Establish and maintain risk-based customer profiles.
- Ensure Company's business divisions have appropriate controls to mitigate ML-TF risks, KYC, annual review of high-risk customers, etc.
- Identify status of Company's ML-TF risk, deficiencies, significant issues, required controls, reporting requirements.
- Implement and maintain an effective AML program in accordance with regulatory requirements and industry best practices.
- Oversee transaction monitoring systems to detect and investigate suspicious activities.
- Investigate alerts generated on the transactions monitoring system and sanctions screening systems.
- Work closely with the technology team to maintain and enhance the AML systems including implementations, enhancements, fine tunings etc.
- Prepare and submit required AML reports.
- Lead investigations into generated alerts, suspicious activities, working closely with internal teams and external authorities as necessary.
- Ensure all products, services, clients, transactions are within the scope of ML-TF-KYC systems and procedures.
- Draft STRs on suspicious customer cases.
- Provide ongoing AML training to employees to ensure a strong awareness of AML regulations and requirements.
- Stay updated on changes in AML laws and regulations, ensuring the company's ongoing compliance.
- Any other assignment as entrusted by head of compliance.
- Maintain confidentiality of information.

**Skills, Knowledge & Expertise**
- Bachelor's degree in finance, Law, or equivalent experience
- Several years of experience in AML compliance
- In-depth knowledge of AML regulations and best practices
- Strong analytical and investigative skills
- Excellent communication and interpersonal skills
- CAMS, CCO, and financial crimes professional certification are a plus.

Job ID 2f60a7ec-d85e-4e3f-a936-e580c98b0403