Sanctions Screening Specialist – Risk & Compliance

The Saudi Investment Bank (SAIB); Saudi Arabia; On-site; SAR 120,000 - 180,000; Full time

Job summary

The Saudi Investment Bank (SAIB) is seeking a compliance professional to perform sanctions screening for customers and related parties, review alerts, and ensure actions meet SLAs. The role also involves maintaining knowledge of local and international sanctions, embargoes, and regulations, and supporting onboarding and transactional screening to mitigate financial crime risks.

The ideal candidate will contribute to system enhancements, work in shifts, and collaborate with a compliance team to

Qualifications

• Experience in sanctions screening of customers and related parties.
• Review alerts and cases and ensure actions within SLAs.
• Knowledge of local and international sanctions laws and embargoes.

Responsibilities

• Undertake periodic sanctions screening for customers and related parties.
• Contribute to development and enhancement of screening systems.
• Review sanctions screening alerts and cases within applicable SLAs.
• Maintain knowledge of sanctions, embargoes, and regulations.
• Conduct delta batch screening to update screening databases.
• Screen new onboarding requests for accounts/products for sanctions risk.
• Screen transactional activities to detect suspicious or sanctioned transactions.
• Follow guidance and escalate complex issues as needed.
• Participate in development initiatives and process improvements.

Skills

Decision Making

Problem Solving

Teamwork

Good English Speaking

Tools

Microsoft Office

Job description

The Saudi Investment Bank (SAIB) is seeking a compliance professional to perform sanctions screening for customers and related parties, review alerts, and ensure actions meet SLAs. The role also involves maintaining knowledge of local and international sanctions, embargoes, and regulations, and supporting onboarding and transactional screening to mitigate financial crime risks.

The ideal candidate will contribute to system enhancements, work in shifts, and collaborate with a compliance team to