Expert of AML/CFT Inspection

Job Overview :

This role is conducted within the vision, mission, and strategic plan of the Insurance Authority. The AML/CFT Inspection Expert safeguards Saudi Arabia's financial system by delivering end-to-end inspections that ensure adherence to SAMA regulations and FATF standards. Reporting to the Manager of AML/CFT Inspection, the role orchestrates risk-based planning, data-driven fieldwork, and incisive analysis to evaluate the soundness of institutional controls, customer due diligence, and transaction monitoring. Evidence-based outputs from the role empower supervisors and enforcement partners with actionable insights, enabling proportionate penalties, targeted remediation, and sector-wide risk mitigation. The position further refines inspection methodologies and cultivates divisional expertise through research and coaching, ensuring continuous alignment with emerging typologies, fintech innovations, and national strategic priorities.

Responsibilities and Tasks :

• Analyze institution-specific risk profiles, STR trends and previous supervisory findings to recommend priority areas and sampling plans for on-site and thematic inspections.
• Design detailed test procedures that align with SAMA AML/CFT Inspection Manual and secure approval from the Manager of AML/CFT Inspection before fieldwork commences.
• Conduct walkthroughs, file reviews and transaction-testing to evaluate the effectiveness of customer due diligence, beneficial-ownership verification and ongoing monitoring controls.
• Document deviations, control weaknesses and root-cause observations with complete working-paper references that meet divisional quality-assurance standards.
• Interview senior management and front-line staff to validate process understanding and corroborate documentary findings.
• Perform data-driven analysis on large transaction sets using ACL, SAS or equivalent tools to detect structuring, layering and other laundering typologies.
• Draft concise inspection reports that articulate findings, risk ratings and time-bound corrective-action recommendations, ensuring consistency with SAMA reporting taxonomy.
• Present preliminary results to institution management and incorporate factual accuracy comments before escalating the final report to the Inspection Manager.
• Advise inspected entities on best-practice remediation measures and monitor submission of action-plan milestones through the supervisory portal.
• Coordinate with Enforcement and Legal Affairs to provide evidentiary packages that support administrative penalties or escalation to law-enforcement where warranted.
• Contribute to periodic updates of the AML/CFT Inspection Handbook by researching emerging typologies, sanctions-evasion techniques and fintech-related risks.
• Coach junior inspectors on sampling techniques, work-paper standards and data-analytics tools to uplift functional capability across the division.
• Perform other job duties as assigned.

Competencies required:

Core competencies

• Ethics & Integrity (Beginner)
• Effective Communication (Beginner)
• Collaboration & Horizontality (Beginner)
• Personal Competence (Beginner)
• Analysis and Problem Solving (Intermediate)

Technical competencies

• AML Inspection (Intermediate)
• Checklist and Guidance (Intermediate)
• Reporting and Follow-Up (Intermediate)
• Enforcement Referral (Intermediate)
• Compliance Tracking (Intermediate)

Job requirements:

Educational Qualifications (required)

• Bachelor's Degree in Business Administration, Finance, Accounting, or related field
• Master's degree preferred

Certifications (required)

• Relevant certification is preferred

Experience

• 4+ years with Bachelor's degree, 2+ years with Master's degree.
• Position relevant experience is required.

Language

(A1-A2: Basic, B1-B2: Intermediate, C1-C2: Fluent)

• English (C1), Arabic (C2)