Compliance & AML Specialist
Malaa
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- Location
- Riyadh, United States
- Work style
- On-site
- Job type
- Full time
- Posted
- Oct 15
- 5 days ago
Career path
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About the company
Malaa
Financial services · 11 to 50 employees
What you'll do
- Bachelor’s degree.1–2 years of experience.Experience in a similar sector (if possible)
What you need
- 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.
- Education: a bachelor's degree
Key skills
AML/CTFKYCcustomer due diligenceenhanced due diligencecustomer risk classificationsanctions screeningtransaction-monitoringcontrol testingcompliance monitoringSAMA regulations
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Read the full posting here
The Compliance & AML Specialist supports the Company’s day-to-day Compliance and AML/CTF activities and helps ensure compliance with applicable SAMA requirements, internal policies, and regulatory obligations relating to its payment activities.Key ResponsibilitiesComplianceMonitor 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.AML/CTFSupport 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.Management and ReportingCoordinate 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 and ExpertiseBachelor’s degree.1–2 years of experience.Experience in a similar sector (if possible)Benefits