Senior AML Auditor (Banking-3 Months Contract )

Sscegypt; Riyadh; On-site; SAR 240,000 - 420,000; Full time

Job summary

Sscegypt is seeking a Senior AML Auditor to conduct risk-based audits of AML, CTF, and TFS controls, evaluating compliance with regulatory requirements and internal policies. You will plan audits, perform fieldwork, document findings, and prepare reports to strengthen the AML control environment.

Responsibilities include risk assessment reviews, testing of CDD/EDD/KYC processes, sanctions and name screening, and delivering actionable recommendations. A CIA/CAMS/CAA-type credential is preferred.

Qualifications

• Bachelor's Degree in Accounting, Finance, Business Administration, Risk Management, or related discipline.
• Professional Certifications such as CIA, CAMS, CFE, CPA/ACCA, ICA AML are preferred.

Responsibilities

• Plan AML audit engagements and define scope and testing strategies.
• Perform fieldwork and audit testing across AML, CTF, and sanctions controls.
• Document evidence, prepare observations, and perform root cause analysis.
• Draft high-quality audit reports and follow up on management action plans.
• Identify opportunities to enhance AML controls and stay updated on regulatory changes.

Skills

Analytical Thinking

Attention to Detail

Communication Skills

Report Writing

Time Management

Problem Solving

Team Collaboration

Stakeholder Engagement

Professional Judgment

Education

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

Tools

AML/CFT Framework

CDD

EDD

Data Analysis

Microsoft Office Suite

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.

KeyResponsibilities

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

Perform audit testing over:

• 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

Assess the effectiveness of:

• 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.

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.

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