Financial Crime Compliance Risk Manager

SAB; Saudi Arabia; On-site; SAR 250,000 - 350,000; Full time

Job summary

SAB in Riyadh is seeking a Financial Crime Compliance Risk Manager to oversee the risk and control environment for financial crime. The role involves interpreting policy, implementing improvements, and ensuring adherence to regulatory standards in a demanding corporate setting.

The position requires a formal degree in law, accounting, or business, along with about five years in compliance or related risk roles.

Qualifications

• Bachelor's degree in Law, Accounting, Business Administration or related field.
• Around 5 years of experience with 3 years in a relevant role.
• Prior experience in compliance and investigation & interrogation / OPS / Business / risk.

Responsibilities

• Ensure work is completed per procedures and standards; produce MI as required.
• Manages FCC risk and control environment and tracks closures.
• Ensures measures are in place to prevent money laundering and sanctions breaches.
• Sets risk appetite; supports FCC teams in interpretation of policy and oversight of FCC risk exposure.
• Establishes and coordinates projects to improve financial crime risk management.
• Provides risk assessments related to Financial Crime risks.
• Submit required annual reports.
• Ensures compliance with SAMA FCC policies and programs.
• Conducts biennial FCC risk assessments (EWARA) for AML, sanctions, and AB&C risk.
• Proactively assist management in identifying and containing FCC risk.
• Regular monitoring of FCC activities; produce concise reports and follow up on recommendations.
• Ensure controls mitigate risks and the Risk & Control Assessment aligns with Global Standards.

Skills

FCC risk management

AML & sanctions knowledge

Regulatory interpretation

Reporting & MI production

Stakeholder management

Education

Bachelor's degree in Law / Accounting / 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