Senior AML Auditor (Banking-3 Months Contract )

Financeroles; Riyadh; On-site; SAR 350,000 - 600,000; Full time

Job summary

Financeroles in Riyadh is seeking a Senior AML Auditor to conduct risk-based audits of AML, CTF and Targeted Financial Sanctions controls, ensuring regulatory compliance and alignment with internal policies. You will plan engagements, perform fieldwork, document findings, prepare reports, and support ongoing strengthening of the AML control environment.

The role covers audit planning, execution, risk assessment reviews, documentation, and reporting across CDD, EDD, KYC, sanctions, and related

Qualifications

• Bachelor's Degree in Accounting, Finance, or related discipline.
• Professional certifications such as CIA, CAMS, CFE, CPA/ACCA and ICA AML are preferred.
• Minimum 10 years of experience in Internal Audit, AML, Compliance, Risk Management, or Regulatory Audit.

Responsibilities

• Participate in the planning of AML audit engagements.
• Prepare audit planning documents, risk assessments, and audit programs.
• Identify key AML and compliance risks.
• Define audit scope and testing strategies.
• Perform fieldwork across AML Governance, CDD, EDD, KYC, and related controls.
• Document audit testing and evidence; draft observations with root-cause analysis.
• Recommend practical and risk-based corrective actions.
• Prepare high-quality audit reports and follow up on management action plans.
• Identify opportunities to enhance AML controls and audit processes.
• Stay current with regulatory developments and emerging financial crime risks.

Skills

AML/CFT Framework

CDD

EDD

KYC

Risk Assessment

Data Analysis

Microsoft Office Suite

Education

Bachelor's Degree in Accounting, Finance, Business Administration, Risk Management, or related discipline

CIA

CAMS

CFE

CPA or ACCA

ICA AML Certification

Job description

Job Summary

The Senior AML Auditoris responsible forconducting risk-based audits of Anti-Money Laundering (AML), Counter-Terrorist Financing (CTF), and Targeted Financial Sanctions (TFS) controls to evaluate compliance with applicable regulatory requirements and internal policies. The role includes planning audit assignments, performing fieldwork, documenting findings, preparing reports, and supporting the continuous enhancement of the AML control environment.

Key Responsibilities

Audit Planning

• Participate in the planning of AML audit engagements.
• Prepare audit planning documents, risk assessments, and audit programs.
• Identifykey AML and compliance risks.
• Define audit scope and testing strategies.

Audit Execution

• AML Governance Framework.
• Customer Due Diligence (CDD).
• Enhanced Due Diligence (EDD
• Know Your Customer (KYC)
• Customer Risk Rating.
• Transaction Monitoring.
• Sanctions Screening.
• Name Screening.
• High-Risk Customers.
• Politically Exposed Persons (PEPs).
• Correspondent Banking.
• Suspicious Transaction Reporting.
• AML Systems and Controls.
• Record Retention.
• AML Training and Awareness.

Risk Assessment Review

• Business Risk Assessmentmethodology.
• Customer, Product, Geographic, and Delivery Channel Risk Assessments.
• Risk identification processes.
• Risk mitigation controls.
• Control effectiveness and residual risk assessments.

Documentation & Reporting

• Prepare audit workpapersin accordance withaudit standards.
• Document audit testing andevidence.
• Draft audit observations with supporting analysis.
• Perform root cause analysis.
• Recommend practical and risk-based corrective actions.
• Prepare high-quality audit reports.
• Follow up onmanagement actionplans.

Continuous Improvement

• Identifyopportunities to enhance AML controls and audit processes.
• Stay current with regulatory developments and emerging financial crime risks.
• Contribute to the enhancement of audit methodologies and best practices.

Requirements

Qualifications

• Bachelor's Degree in Accounting, Finance, Business Administration, Risk Management, ora relateddiscipline.

Professional Certifications (Preferred)

• Certified Internal Auditor (CIA)
• Certified Anti-Money Laundering Specialist (CAMS)
• Certified Fraud Examiner (CFE)
• CPA or ACCA
• ICA AML Certification
• Other relevant professional certifications

Experience Requirements

• Minimum 10 years of experience in Internal Audit, AML, Compliance, Risk Management, or Regulatory Audit.
• Proven experience conducting AML and Compliance audits.
• Strong understanding of AML/CFT regulations, sanctions, and financial crime risk management.
• Experience preparing audit reports and communicating findings to management.

Technical Skills

• AML/CFT Framework
• Customer Due Diligence (CDD)
• Enhanced Due Diligence (EDD)
• Business Risk Assessment
• Targeted Financial Sanctions
• Internal Audit Methodology
• Risk-Based Auditing
• Data Analysis
• Microsoft Office Suite

Competencies

• Analytical Thinking
• Attention to Detail
• Communication Skills
• Report Writing
• Time Management
• Problem Solving
• Team Collaboration
• Stakeholder Engagement
• Professional Judgment

These versions are written in a generic, recruitment-ready format and can be used by any consulting firm or organization without mentioning the name of a specific company, bank, or client.