Compliance & AML Specialist

Sahm Capital; Riyadh; On-site; SAR 80,000 - 120,000; Full time

Job summary

A leading company in the finance sector is seeking a Compliance Officer to support their AML efforts. The role involves coordinating policy updates, monitoring compliance activities, and ensuring regulatory adherence. Candidates must have a bachelor’s degree and relevant qualifications, with 2-4 years of experience in compliance and AML. This position requires strong analytical skills and attention to detail, offering a dynamic environment for professional growth.

Qualifications

• Bachelor’s degree in business administration, Law, or similar field.
• CME-1B and CME-2 qualifications are required.
• 2-4 years of experience in compliance and AML.

Responsibilities

• Coordinate policy updates and compliance training across departments.
• Monitor alerts from the AML system to assist in detecting money laundering.
• Prepare compliance-related reports for CMA and other authorities.

Skills

Attention to detail

Analytical skills

Problem-solving skills

Communication skills

Effective written communication

Education

Bachelor’s degree in business administration, Law, or similar field

CME-1B and CME-2 qualifications

Tools

MS Office applications

Job description

Job Objective

To support compliance and AML efforts by ensuring regulatory adherence, enhancing internal controls, and promoting a culture of integrity and risk awareness.

Duties And Responsibilities

• Coordinate and track policy updates, compliance training, and other risk management initiatives across departments.
• Assist in analyzing, reviewing, and updating existing Compliance and AML policies, procedures, and documentation.
• Support the implementation of applicable laws, regulations, and internal compliance controls in line with CMA and AML/CTF frameworks.
• Monitor alerts generated by the AML system and assist in the detection and prevention of money laundering and terrorist financing.
• Provide consultation and guidance to staff on compliance, AML, and regulatory matters.
• Assist in evaluating business units’ Quarterly Self-Testing results related to compliance and AML.
• Assist in developing and conducting Compliance Monitoring Programs, including control testing and reviews.
• Monitor and escalate suspicious transactions and client activity in coordination with the MLRO.
• Implement CMA instructions related to the blocking or unblocking of client accounts, with proper documentation and justification.
• Prepare and submit compliance-related reports and information requested by CMA or other authorities.
• Monitor staff's personal trading activities to ensure compliance with relevant laws and
• internal procedures.
• Perform sanctions screening and client name screening against local and international watchlists.
• Support the automation and streamlining of internal compliance tasks to enhance operational efficiency.
• Follow up with business units to ensure timely implementation of compliance action items and closure of gaps.
• Investigate regulatory complaints and client escalations that may involve compliance breaches.
• Support the development of a strong compliance culture through awareness campaigns, targeted training, and internal communication.
• Prepare and escalate periodic compliance performance reports, emerging risk indicators, and unresolved issues to senior management.
• Perform other compliance-related duties as assigned by the Head of Compliance or MLRO.
  
  

Skills

• Strong sense of responsibility, attention to detail, and ability to work independently with multi-tasking.
• Proficient in English\Arabic language.
• Computer literacy and MS Office applications
• Strong analysis skills
• Problem-solving skills
• Communications skills
• Effective written communication
• Skills include the ability to prepare reports, proposals, and procedures.
  
  

Education & Experience

• Bachelor’s degree in business administration, Law, or similar field
• CME-1B \ CME-2 qualifications are must
• 2-4 years of CMA's experience and Compliance & AML