Role summary
Lead and manage all operations, activities, and responsibilities of the AML/CTF Department, reporting administratively to the Chief Executive Officer and functionally to the Audit Committee. Responsible for developing, implementing, and maintaining the company's Anti-Money Laundering, Counter-Terrorist Financing, and Proliferation Financing framework in Saudi Arabia, ensuring compliance with the Saudi Anti-Money Laundering Law, implementing regulations, SAMA requirements, SAFIU reporting obligations, and applicable Targeted Financial Sanctions requirements.
Responsibilities
- Develop, implement, monitor, and continuously enhance the company's AML/CTF/PF framework and controls to ensure their effectiveness and alignment with applicable regulatory requirements
- Lead and oversee the AML/CTF Unit's activities, ensuring that all responsibilities are performed effectively and that identified control or process deficiencies are addressed promptly
- Develop, maintain, and periodically review the company's AML/CTF/PF policies, procedures, standards, and operating controls to reflect regulatory developments, emerging risks, and relevant industry practices
- Oversee the identification and assessment of money laundering, terrorist financing, and proliferation financing risks arising from the company's customers, products, services, transactions, delivery channels, and geographic exposure
- Build and maintain effective relationships with key internal stakeholders and provide guidance and advice on AML/CTF/PF risks, regulatory requirements, new products, business initiatives, and control enhancements
- Oversee sanctions, Targeted Financial Sanctions, and politically exposed person screening controls, including alert investigation, escalation, decision-making, freezing measures, and regulatory reporting where applicable
- Provide the CEO and Audit Committee with regular reports on the company's AML/CTF/PF risk exposure, control effectiveness, key performance indicators, material cases, regulatory developments, identified deficiencies, and the status of remediation actions
- Oversee transaction monitoring mechanisms ensuring effective rule tuning, threshold settings, and scenario management to minimize false positives
- Ensure that unusual activities are investigated appropriately and that suspicious transaction or activity reports are submitted accurately, confidentially, and within the applicable timelines to the Saudi Financial Intelligence Unit through official reporting channels
- Act as the primary point of contact for AML/CTF/PF matters and coordinate timely, accurate, and complete responses to requests, inspections, and inquiries from SAMA, SAFIU, and other competent authorities
- Manage and develop the AML/CTF team, establish clear responsibilities and performance expectations, and ensure the function has appropriate resources, knowledge, systems, and capabilities
Qualifications
- At least 6 years of relevant experience in AML/CTF, financial-crime compliance, regulatory compliance, or a related field, including experience in a leadership or management role under SAMA supervision
- Previously approved or pre-approved by SAMA is highly desirable, but not mandatory
- Strong knowledge of the Saudi AML/CTF regulatory framework, SAMA requirements, SAFIU reporting obligations, Targeted Financial Sanctions, and relevant international standards
- Extensive experience in transaction monitoring, alert and case management, suspicious activity investigations, sanctions screening, and AML system capabilities
- Strong understanding of money laundering, terrorist financing, and proliferation financing risks, typologies, red flags, and control practices
Experience
At least 6 years of relevant experience in AML/CTF, financial-crime compliance, regulatory compliance, or a related field, including experience in a leadership or management role under SAMA supervision
Skills
- Leadership, communication, and interpersonal skills
- Strong leadership, analytical, decision-making, communication, and stakeholder-management skills
Education · Experience · Type
Requires 6+ yearsSaudi nationalsSalary not stated