Sanction Senior Specialist

Enjaz; Riyadh; On-site; SAR 70,000 - 110,000; Full time

Job summary

Enjaz in Riyadh is seeking a Senior Specialist to manage sanctions screening across UN/OFAC and SAMA lists, integrating controls into the core banking and AML monitoring systems to ensure accurate, timely flagging of restricted transactions and ongoing list updates.

You will coordinate with IT and other departments, produce regulatory reports for management and regulators, and guide staff while maintaining strict confidentiality of information.

Qualifications

• Bachelor’s Degree in relevant major.
• Senior Specialist with 2-3 years in relevant fields.
• Knowledge of reporting rules and procedures of PSP and SAMA.
• Knowledge of PSP related systems and AML/CTF rules.
• Ability to make decisions within defined task frame.
• Ability to analyze customer accounts and generate reports.

Responsibilities

• Ensure functioning of effective sanctions screening process.
• Ensure smooth running of all technical systems.
• Coordinate with IT and other departments for data and reports; ensure accuracy.
• Prepare technical reports and provide to Management and Regulators timely.
• Update Managers/DOC on progress and developments; guide staff.
• Prepare/revise SLAs, CRS; address regulatory inquiries and controls.
• Appraise managers on regulatory/reporting requirements; submit information timely.
• Assist AML Manager/DOC in preparing regulator reports; suggest controls.
• Filter/process all sanctioning transactions; update sanctions lists.
• Respond to correspondent banks via email.
• Respond to branch inquiries by email/phone; maintain confidentiality.

Skills

Knowledge of PSP reporting rules

Knowledge of SAMA reporting rules

AML / CTF regulations

Decision making in task frame

Analysis of customer accounts

Arabic and English proficiency

Leadership and management

Microsoft Office

Education

Bachelor’s Degree in relevant major

Tools

PSP systems

Core banking AML module

Job description

• Main responsibilities to handles sanction lists through or from the international list web sites such as the United Nations (UN), Office of the Foreign Assets Control (OFAC), and even The Saudi central Bank and to extract and add certain sanction names listed in any circulars issued by SAMA.
• These sanction lists should be applied or installed in the Enjaz’s core banking system and its AML monitoring system.

Key Accountabilities

Description

• Ensure functioning of effective sanctions screening process.
• Ensure smooth running of all technical systems.
• Coordinate with IT and other relevant departments in collection/generation of data, information, reports, documents, statements, etc., and ensure accuracy and completeness of information.
• Prepare all required technical reports with accuracy and completeness Provide reports to Management and to the Regulators in a timely manner.
• Updating the Managers/DOC on the progress and developments and guide the staff accordingly.
• Attend to preparation, review and revision of SLAs, CRS, etc Attend to all technical and IT related issues of regulatory requirements/enquiries, coordinate the staff within the division and of relevant departments for appropriate controls and timely corrective actions.
• Appraise the department managers on the regulatory and reporting requirements, pursue on submission of complete and correct information in a timely manner.
• Assist AML Manager/DOC in preparation of reports for submission to Management and to the Regulators Suggest appropriate controls and corrective actions where required.
• Filter and process all sanctioning transactions. Update all sanctioning list with the latest date.
• Respond to corresponding banks via e-mail.
• Respond to branches inquiries by emails or phone.
• Support in work if needed all screens Maintain confidentiality of information.

QUALIFICATIONS

Bachelor’s Degree in relevant major.

EXPERIENCE

• Senior Specialist 2-3 years in relevant fields.

SKILLS

• Knowledge of all reporting rules & procedure of PSP and with SAMA.
• Knowledge of all PSP related system.
• Knowledge of Rules Governing Anti-Money Laundering & Combating Terrorist Financing.
• He has the ability to take the required decisions within his job task frame.
• He has the ability to analyse customer account and generate the required reports correctly and successfully.
• Good command of Arabic and English.
• Good leadership and management skills. Good skills in Microsoft office.