Junior AML & Fraud Compliance Specialist

Job description

Company Overview: the employer is a leader in consulting, delivering customized solutions for enterprise applications and digital platforms. We emphasize transparency, collaboration, and addressing core business challenges through a structured, agile development process. Partnering with clients from ideation to deployment, we ensure our solutions deliver long-term value and streamline the user experience. Job Description: We are looking for a Junior AML & Fraud Compliance Specialist to support compliance activities related to Anti-Money Laundering (AML) and Fraud, with a strong focus on SAMA requirements and regulations. The ideal candidate should have a good understanding of AML and Fraud compliance requirements and be capable of supporting day-to-day activities independently under the guidance of senior compliance professionals. Key Responsibilities: Support the implementation and monitoring of SAMA AML and Fraud requirements. Assist in reviewing and assessing AML and Fraud controls, policies, and procedures. Support AML transaction monitoring and investigation activities. Assist with identifying and analyzing potentially suspicious transactions and activities. Support Fraud monitoring, detection, and investigation processes. Assist in reviewing alerts and escalating suspicious or high-risk cases. Support the preparation of AML/Fraud reports, dashboards, and management reports. Assist with KYC/CDD and enhanced due diligence (EDD) activities where required. Support compliance reviews and assessments against applicable SAMA requirements. Maintain proper documentation and evidence for compliance activities and audits. Assist in identifying compliance gaps and tracking remediation actions. Coordinate with internal stakeholders to ensure timely completion of AML and Fraud-related activities. Stay updated on relevant SAMA regulations, AML requirements, and Fraud risk management practices.

Requirements

• Bachelor's degree in finance, Accounting, Business Administration, Law, Compliance, Risk Management, or a related field. 1–2 years of experience in AML, Fraud, Compliance, Risk, or a related function. Basic to good understanding of SAMA AML and Fraud regulations and requirements. Experience in AML transaction monitoring, alert review, KYC/CDD, or fraud investigation is preferred. Ability to analyze transactions, customer information, and risk indicators. Good understanding of compliance policies, procedures, and controls. Strong analytical and problem-solving skills. Good communication and report-writing skills. Ability to work independently and manage assigned tasks within deadlines. Good proficiency in English
• Arabic is preferred. CAMS – Certified Anti-Money Laundering Specialist
• CFE – Certified Fraud Examiner
• ICA AML / Compliance certifications
• Relevant SAMA AML/Fraud training or certifications

Skills