Money Laundering Reporting Officer

2 days ago

Riyadh, Ar Riyāḑ, Saudi Arabia Insurance Authority Full time
Roles and responsibilities

Participate in conducting risk assessments of the insurance sector's exposure to AML/CFT risks.
Conduct regular compliance assessments, audits and investigations of insurance companies to ensure compliance with AML/CFT regulations.
Advise insurance companies on risk mitigation techniques and compliance best practices.
Contribute to the development and revision of AML/CFT policies, systems and guidelines for the insurance sector.
Support comprehensive audits and inspections of insurance companies to ensure compliance with AML/CFT regulations
Developing and Implementing AML Policies
Policy Creation and Review: Develop, implement, and regularly review the institution's anti-money laundering policies and procedures to ensure they align with current laws and regulations.
Compliance Framework: Establish a strong compliance framework to monitor, detect, and report potential money laundering activities.
Risk-Based Approach: Use a risk-based approach to evaluate and categorize the organization's clients and transactions, identifying areas with higher risk for potential financial crimes.
Monitoring and Detecting Suspicious Activities
Transaction Monitoring: Monitor and analyze financial transactions to identify suspicious activity patterns, including unusual account behavior, large or irregular transactions, and cross-border transfers.
Red Flags Identification: Recognize and assess red flags that may indicate money laundering or terrorist financing activities, such as sudden large deposits, transfers to high-risk jurisdictions, or structured transactions to avoid reporting requirements.
Ongoing Surveillance: Continuously monitor client accounts, transactions, and relationships to ensure that money laundering risks are mitigated effectively.

Desired candidate profile

Knowledge of insurance sector laws, policies and regulations
Anti-Money Laundering and Counter-Terrorist Financing Regulations and Regulations
Data Collection and Reporting
Transaction Monitoring Tools
Knowledge of Financial Institutions Principles and Fundamentals
Investigation Techniques
Financial Analysis
Project Management
Customer Care
Reporting Suspicious Activities
Suspicious Activity Reports (SARs): File Suspicious Activity Reports (SARs) with regulatory authorities or law enforcement agencies when potential money laundering activities are detected, providing detailed information on the nature of the suspicious activity.
Regulatory Reporting: Ensure that all necessary reports, such as those required under the Bank Secrecy Act (BSA) or FATF recommendations, are filed in a timely manner to comply with legal and regulatory requirements.
Customer Due Diligence (CDD) and Know Your Customer (KYC)
Client Onboarding: Ensure that all new clients undergo thorough due diligence checks to verify their identity, assess their risk profile, and ensure they are not involved in money laundering or other illicit activities. This includes gathering and reviewing documents such as IDs, proof of address, and sources of funds.
Enhanced Due Diligence (EDD): For higher-risk clients, such as politically exposed persons (PEPs) or individuals from high-risk countries, conduct enhanced due diligence to gather more detailed information on the client's background and source of funds.
Ongoing KYC Updates: Continuously update client information to ensure that the institution has the most current data on clients and can re-assess their risk profile as necessary.
Training and Awareness
Staff Training: Develop and deliver AML training programs to employees, ensuring that all staff are aware of their responsibilities in detecting and preventing money laundering activities. Training should cover identifying red flags, reporting requirements, and the organization's AML policies and procedures.
Awareness Programs: Create awareness initiatives to educate staff about the latest trends and typologies in money laundering, ensuring they remain informed and vigilant.

  • Anti-Money Laundering Analyst

    2 days ago

    Riyadh, Ar Riyāḑ, Saudi Arabia Tbwa ChiatDay Inc Full time

    What You Will Do:As an AML CTF officer at Tbwa Chiat/Day Inc, you will play a critical role in ensuring the integrity of our financial systems. Your responsibilities will include:Key Responsibilities:Implement and maintain anti-money laundering programs to mitigate financial risks.Conduct thorough investigations and assessments of financial activity to...

  • Anti-Money Laundering Specialist

    1 day ago

    Riyadh, Ar Riyāḑ, Saudi Arabia Mutakamela Insurance Full time

    About Mutakamela Insurance CompanyWe are a leading insurance provider dedicated to delivering flexible and comprehensive solutions for individuals and corporate customers. Our mission is to combine local expertise with historic experience, offering top-class products backed by unparalleled risk calculation and management.Job Overview:We seek an experienced...

  • Money Laundering Reporting Officer

    2 days ago

    Riyadh, Ar Riyāḑ, Saudi Arabia Finitas Full time

    EU BasedStrong with Web3Minimum of 5 years work experienceAn understanding of MiCA RegulationsThis is an exciting new opportunity for an MLRO based in Europe to join a network enabling the tokenisation of Real World Assets so please register your interest by sending your CV.

  • Compliance and Monitoring Expert

    2 days ago

    Riyadh, Ar Riyāḑ, Saudi Arabia Tbwa ChiatDay Inc Full time

    About the Role:We are seeking an experienced AML CTF officer to join our team at Tbwa Chiat/Day Inc. The successful candidate will have a proven track record of implementing effective anti-money laundering strategies and maintaining compliance with regulatory requirements.Responsibilities:Implement and maintain anti-money laundering programs to mitigate...

  • AML Compliance Specialist

    2 days ago

    Riyadh, Ar Riyāḑ, Saudi Arabia Tbwa ChiatDay Inc Full time

    Job Description:Tbwa Chiat/Day Inc is seeking a highly skilled AML CTF officer to join our team. As an AML CTF officer, you will be responsible for investigating, monitoring, and managing suspicious financial activity to prevent the abuse of legitimate financial systems.The successful candidate will ensure that financial transactions are not used to hide or...

  • Financial Risk Officer

    2 days ago

    Riyadh, Ar Riyāḑ, Saudi Arabia Tbwa ChiatDay Inc Full time

    Job Overview:Tbwa Chiat/Day Inc is looking for a highly motivated individual to fill the position of AML CTF officer. The ideal candidate will have excellent analytical and problem-solving skills, with the ability to work well under pressure and maintain confidentiality.Responsibilities and Duties:Develop and implement effective anti-money laundering...

  • Anti-Money Laundering Specialist

    6 days ago

    Riyadh, Ar Riyāḑ, Saudi Arabia Deutsche Bank AG Full time

    We are seeking a highly skilled Compliance Officer to join our Client Onboarding team at Deutsche Bank AG. In this role, you will be responsible for ensuring that all aspects of client onboarding comply with regulatory requirements.Your key responsibilities will include:Collaborating with AFC and Standard teams to translate new policy or regulatory changes...

  • AML Officer

    2 days ago

    Riyadh, Ar Riyāḑ, Saudi Arabia Mutakamela Insurance Full time

    Get AI-powered advice on this job and more exclusive features.Mutakamela Insurance Company, established in 2007, is dedicated to providing flexible and comprehensive insurance solutions for both individual and corporate customers. Combining our historic experience with local expertise, we aim to deliver top-class products backed by unmatched risk calculation...

  • Compliance Officer

    1 day ago

    Riyadh, Ar Riyāḑ, Saudi Arabia Mutakamela Insurance Full time

    About Our TeamWe're a passionate team of professionals dedicated to providing innovative insurance solutions that meet the evolving needs of our customers. Our commitment to excellence drives us to stay ahead of the curve, ensuring we deliver exceptional results and exceed customer expectations.Job Description:The successful candidate will be responsible for...

  • Fraud Prevention Strategist

    2 days ago

    Riyadh, Ar Riyāḑ, Saudi Arabia Tap Payments Full time

    About Our TeamOur Compliance Team is dedicated to ensuring that merchant payments are ultra-safe and secure.We work hand-in-hand with regulators throughout MENA to create a safe transaction environment for our global merchants.If you share similar beliefs, this might be the team for you.As a Fraud Prevention Expert, you will:Support the fraud specialists...

  • Client Lifecycle Management Professional

    6 days ago

    Riyadh, Ar Riyāḑ, Saudi Arabia Deutsche Bank AG Full time

    At Deutsche Bank AG, we are committed to delivering exceptional services to our clients while ensuring a secure and compliant environment. As an Anti-Money Laundering (AML) Specialist in the Client Lifecycle Management Team (CLM), you will play a vital role in supporting KSA teams on complex queries related to new client onboarding and periodic reviews.Your...

  • Risk Governance Expert

    2 days ago

    Riyadh, Ar Riyāḑ, Saudi Arabia Tap Payments Full time

    Key ResponsibilitiesAs a Fraud Prevention Expert, you will be responsible for:Supporting the fraud specialists in reviewing alerts and reports to identify suspicious activity, as the point of escalation.Analyzing fraud trends and making recommendations for fraud prevention processes.Using various tools, systems, and reports to detect fraud trends.Reviewing...

  • Payment Security Specialist

    2 days ago

    Riyadh, Ar Riyāḑ, Saudi Arabia Tap Payments Full time

    Job DescriptionWe are seeking a highly skilled Fraud Prevention Expert to join our Compliance Team at Tap Payments.As a key member of this team, you will play a critical role in ensuring the safety and security of merchant payments across the MENA region.Your responsibilities will include supporting the fraud specialists in reviewing alerts and reports,...

  • Regulatory Compliance Expert

    1 day ago

    Riyadh, Ar Riyāḑ, Saudi Arabia Mutakamela Insurance Full time

    About Mutakamela Insurance CompanyWe are a leading insurance provider dedicated to delivering flexible and comprehensive solutions for individuals and corporate customers. Our mission is to combine local expertise with historic experience, offering top-class products backed by unparalleled risk calculation and management.Job Overview:We seek an experienced...

  • Fintech Risk Manager

    2 days ago

    Riyadh, Ar Riyāḑ, Saudi Arabia Tap Payments Full time

    About UsTap Payments is revolutionizing online payments across the MENA region by connecting businesses with simple, unified payment experiences.We are seeking a skilled Fraud Prevention Expert to join our Compliance Team. As a member of this team, you will play a vital role in ensuring that merchant payments are ultra-safe and secure.The Compliance Team...

  • Manager, Compliance – Technology, Data

    2 days ago

    Riyadh, Ar Riyāḑ, Saudi Arabia First Abu Dhabi Bank (FAB) Full time

    Manager, Compliance – Technology, Data & ReportingThe Manager, Compliance – Technology, Data & Reporting is responsible for ensuring regulatory compliance in data management, reporting, and technology-driven compliance processes at FAB KSA. The role ensures that FAB adheres to SAMA (Saudi Central Bank) regulations, local compliance laws, and internal...

  • Cashier Professional

    6 days ago

    Riyadh, Ar Riyāḑ, Saudi Arabia Rotana Hotels Full time

    We are currently seeking passionate and dynamic Finance professionals who pride themselves on their ability to deliver extraordinary levels of customer service. Key Responsibilities:Reconcile house fund on a daily basis, maintaining the safe in a neat and tidy condition.Open the Front Office safe depository every morning, collecting deposited envelopes for...

  • Development Reporting Specialist

    3 days ago

    Riyadh, Ar Riyāḑ, Saudi Arabia Qiddiya | القدية Full time

    In this pivotal role as Senior Reporting Manager in the Development Management Office, you will be responsible for driving the success of Qiddiya Investment Company's development projects.You will oversee reporting processes, ensuring timely and accurate information reaches stakeholders, supporting informed decision-making.This position requires...

  • Senior Reporting Professional

    7 days ago

    Riyadh, Ar Riyāḑ, Saudi Arabia Snc-Lavalin Full time

    Snc-Lavalin is a global leader in engineering services and nuclear organization. Our teams take great pride in delivering some of the world's most prestigious projects. As a Project Reporting Lead, you will be responsible for developing and managing departmental reporting frameworks and providing insightful analysis of operational and financial data to...

  • Project Reporting Manager

    7 days ago

    Riyadh, Ar Riyāḑ, Saudi Arabia Snc-Lavalin Full time

    We are Snc-Lavalin, a world-class engineering services and nuclear organization. Our teams take great pride in delivering some of the world's most prestigious projects. This success is driven by our talented people, whose diverse perspectives, expertise, and knowledge set us apart.As a Project Reporting Lead, you will be responsible for developing and...