Compliance and Anti-Money Laundering Specialist

Job description

The Compliance and Anti-Money Laundering Specialist supports the company's day-to-day compliance, AML and CFT activities and helps ensure compliance with applicable Saudi Arabian Monetary Agency requirements, internal policies and regulatory obligations related to its payment activities. Compliance Monitoring compliance with Saudi Arabian Monetary Agency regulations, circulars, licensing conditions and applicable internal policies. Monitoring compliance with Saudi Arabian Monetary Agency regulations, circulars, licensing conditions and applicable internal policies, and maintaining a record of regulatory obligations. Support the compliance monitoring plan, conduct audits and control tests, and follow up on corrective actions through closure. Review new products and services, customer journeys, operational changes, customer agreements, disclosures, policies, procedures and marketing materials. Support regulatory reports, responses and information requests from the Saudi Arabian Monetary Agency, and manage submissions and correspondence through eSAMA, RMS, SAMA Care, and other applicable portals. Supporting SAMA NOC requirements, including determining when a NOC is required, preparing applications, and following up until closing. Monitor customer protection, complaints handling, outsourcing and third party compliance. Escalate material breaches, incidents and regulatory risks to the Compliance and AML/CFT Manager. Anti-Money Laundering and the Financing of Terrorism Support the implementation and maintenance of the Anti-Money Laundering and Counter-Terrorist Financing and Sanctions Framework ns. unless Oversee KYC, customer due diligence, enhanced due diligence, and customer risk profiling. Monitoring sanctions, targeted financial sanctions, and controls on screening political persons. Oversee transaction monitoring alerts, investigations and escalations of unusual activities. Prepare suspicious activity assessments for review by the Compliance and AML/CFT Manager. Support the Compliance and AML/CFT Manager in preparing regulatory reports and communicating with the Saudi Financial Intelligence Unit. Conduct quality assurance reviews regarding KYC processes and transaction screening and monitoring. Coordinate with fraud, risk, cybersecurity, operations and customer care regarding financial crime matters. Support periodic AML/CFT risk assessments and follow up on identified actions. Management and reporting Coordination of day-to-day compliance and AML activities. Preparing periodic reports for the Director of Compliance, Anti-Money Laundering and Combating the Financing of Terrorism and the relevant committees. Support training and awareness of compliance and anti-money laundering. Maintain full compliance and AML records and supporting evidence. Bachelor's degree. 1-2 years of experience. Experience in a similar sector (if applicable)

Requirements

• Support SAMA NOC requirements, including determining when an NOC is required, preparing applications, and following up until closing.
• Bachelor's degree.
• 1-2 years of experience.
• Experience in a similar sector (if applicable)

Skills