Financial Crime Compliance Risk Manager

SAB; Riyadh; On-site; SAR 180,000 - 300,000; Full time

Job summary

SAB in Riyadh seeks a Financial Crime Compliance Risk Manager to oversee the FCC risk landscape, ensure controls align with global standards, and drive improvements in policies and processes. You will coordinate with lines of business, prepare reports, and ensure regulatory alignment with SAMA guidance.

The role demands about 5 years of relevant experience, with emphasis on compliance, investigations, and risk management, in a corporate banking environment.

Qualifications

• Bachelor's degree in Law, Accounting, Business Administration or equivalent field.
• Around 5 years of experience; 3 years in a related role preferred.
• Experience in compliance, investigations, OPS, business/risk contexts.

Responsibilities

• Ensure work adheres to procedures and standards; produce MI as required.
• Manage FCC risk and control environment and track closures.
• Help prevent money laundering and sanctions breaches across the bank.
• Set risk appetite; support FCC teams in policy interpretation and risk exposure.
• Lead projects to improve financial crime risk management through better systems.
• Provide risk assessments related to Financial Crime risks.
• Submit required annual reports.
• Ensure compliance with SAMA FCC policies and programmes.
• Conduct biennial FCC risk assessments (EWARA) for AML, sanctions, and bribery/corruption.
• Assist management in identifying and containing FCC risk.
• Monitor FCC activities; produce concise reports and follow up on recommendations.
• Ensure controls mitigate risks and complete Risk and Control Assessments per global standards.

Skills

FCC risk management

AML / sanctions

Regulatory reporting

Risk assessment

Internal controls

Stakeholder management

Education

Bachelor's degree in Law

Bachelor's degree in Accounting

Bachelor's degree in Business Administration

Job description

Job Title: Financial Crime Compliance Risk Manager

Group: Compliance

Location: Riyadh

Working Hours: 8:00 AM to 5:00 PM (Sunday to Thursday)

Core Responsibilities:

• Ensure that work is completed in accordance with established procedures and standards. produce MI as required.
• Manages FCC risk and control environment and tracks the closures
• Ensures that final capabilities are put among the bank, to prevent money laundering and sanctions breaches.
• Sets risk appetite, supporting the lines of business FCC teams in interpretation of policy, oversight of FCC riskexposure for specific functions,
• Establishes and coordinates the implementation of projects related to improvement of financial crime riskmanagement through the application of more efficient and effective systems and processes.
• Provides require assessments related to Financial Crime risks.
• Submit require annual reports.
• Ensures the successful implementation of SAMA regulations related to FCC policies and programmers.
• Conduct every 2 years’ assessment of FCC risks (EWARA)to facilitates the assessment of inherent Anti-Money Laundering (AML), Sanctions and Anti-Bribery and corruption.
• (AB&C) risks, and the effectiveness of the current controls designed to mitigate those risks, and the level ofunmitigated risk.
• Proactively assist management in identifying and containing FCC risk.
• To undertake regular monitoring of FCC activities, to check compliance with all relevant rules, laws andregulations and local internal procedures. Produce concise reports in a timely manner and follow upimplementation of all recommendations
• Ensure that controls are in place to mitigate the risks.
• Ensure the Risk and Control Assessment is completed accurately in line with Global Standards

Requirement and Qualifications:

• Bachelors degree in Law, Accounting, Business Administration or any other relevant field.
• Around 5 years of experience with preferred 3 years in a relevant role.
• Prior experience in compliance and investigation & interrogation /OPS/Business/risk