Compliance & AML Specialist

Key Responsibilities

• Monitor compliance with applicable SAMA regulations, circulars, license conditions and internal policies.
• Monitor compliance with applicable SAMA regulations, circulars, license conditions, and internal policies, and maintain the regulatory obligations register.
• Support the Compliance Monitoring Plan, conduct reviews and control testing, and follow up on corrective actions until closure.
• Review new products, services, customer journeys, operational changes, customer agreements, disclosures, policies, procedures, and marketing materials.
• Support SAMA regulatory reports, responses, and information requests, and manage submissions and correspondence through eSAMA, RMS, SAMA Care, and other applicable portals.
• Support SAMA NOC requirements, including identifying when an NOC is required, preparing submissions, and following up until closure.
• Monitor customer protection, complaints handling, outsourcing, and third-party compliance.
• Escalate material breaches, incidents, and regulatory risks to the Compliance and AML/CTF Manager.

• Support the implementation and maintenance of the AML/CTF and sanctions framework.
• Oversee KYC, customer due diligence, enhanced due diligence and customer risk classification.
• Monitor sanctions, targeted financial sanctions and PEP screening controls.
• Oversee transaction-monitoring alerts, investigations and unusual activity escalations.
• Prepare suspicious activity assessments for review by the Compliance and AML/CTF Manager.
• Support the Compliance and AML/CTF Manager in regulatory reporting and communication with the Saudi Financial Intelligence Unit.
• Conduct quality assurance reviews over KYC, screening and transaction-monitoring processes.
• Coordinate with Fraud, Risk, Cybersecurity, Operations and Customer Care on financial crime matters.
• Support periodic AML/CTF risk assessments and follow up on identified actions.

• Coordinate day-to-day Compliance and AML activities.
• Prepare periodic reports for the Compliance and AML/CTF Manager and relevant committees.
• Support Compliance and AML training and awareness.
• Maintain complete Compliance and AML records and supporting evidence.

Skills, Knowledge & Expertise