Anti-Money Laundering Officer

Job description

About the employer the employer is looking for an Anti-Money Laundering Officer to join its team. This is a full-time position and requires experience ranging, with a focus on ensuring compliance with regulatory requirements in the financial sector. Role Overview The Anti-Money Laundering Officer will support the Anti-Money Laundering Lead in daily AML monitoring, customer due diligence, investigations and regulatory reporting. This role is critical to ensuring adherence to SAMA and FIU requirements, and contributing to the company's compliance framework. Key Responsibilities Conduct KYC/KYB checks during onboarding and ensure company documents are complete. Validation of Commercial Registry (CR), National Address, Merchant Category Code (MCC), Beneficiary Ownership and IBAN Number Ownership. Imposition of sanctions, politically exposed persons (PEP) and negative media scrutiny. Implement enhanced due diligence (EDD) on high-risk traders. Review unusual patterns in merchant profiles, including transaction volatility, abnormal MCC behavior, and cash-like activities. Approving high-risk clients, such as cash-intensive traders, those with unusual MCCs, or high-volume cross-border activities. Review AML alerts, analyze customer behavior, and escalate suspicious activity to the AML Lead. Conducting investigations into the anti-money laundering case and preparing case summaries. Assist in preparing Suspicious Transaction Reports (STRs). The Regulatory and Reporting Department serves as a primary point of contact with the Saudi Arabian Monetary Agency and the Financial Information Unit regarding anti-money laundering matters. Coordinate regulatory inspections, information requests, and remediation action plans. Maintain anti-money laundering records, investigation records and supporting evidence. Ensure timely documentation in the case management system. Training and Awareness Support the provision of anti-money laundering training to new joiners and operational teams. Qualifications and Experience Experience in anti-money laundering or related compliance area. Understanding the requirements of the Saudi Arabian Monetary Agency and the Financial Intelligence Unit is essential. Strong analytical and investigative skills. Ability to manage multiple tasks and prioritize effectively

Requirements

• Qualifications and Experience Experience in anti-money laundering or related compliance area

Skills