AML Specialist

About the Role

MyFatoorah is seeking an experienced AML Specialist to bolster our Anti-Money Laundering and Counter-Terrorist Financing (AML/CTF) framework. This role is crucial for ensuring compliance and mitigating financial crime risks within our operations in Riyadh.

Key Responsibilities

• Conduct thorough transaction monitoring to detect and flag any suspicious financial activities.
• Undertake comprehensive AML investigations, meticulously review cases, and manage escalations as needed.
• Examine Know Your Customer (KYC), Customer Due Diligence (CDD), and Enhanced Due Diligence (EDD) documentation to ensure adherence to regulatory standards.
• Analyze and address alerts generated from sanctions, Politically Exposed Persons (PEP), and adverse media screening processes.
• Generate detailed AML reports and provide necessary support for regulatory compliance requirements.
• Assist in the preparation and submission of Suspicious Transaction Reports (STRs) when identified.
• Maintain precise records of all investigations and ensure thorough case documentation.
• Uphold strict compliance with the Saudi Central Bank (SAMA) AML/CTF regulations and internal company policies.
• Contribute to AML risk assessments and the enhancement of internal controls.
• Collaborate effectively with the Risk, Compliance, and Operations departments.

  Requirements

  • Demonstrated experience in Anti-Money Laundering (AML) within the fintech, banking, or broader financial services sector.
  • A robust understanding of AML/CTF regulations, encompassing KYC, CDD, EDD principles, sanctions screening, and investigation methodologies.
  • The capacity to independently evaluate alerts, financial transactions, and associated customer risks.
  • Proficiency in utilizing transaction monitoring and sanctions screening systems.
  • Prior experience with audits or regulatory reviews is advantageous.
  • Exceptional analytical and problem-solving capabilities.
  • A Bachelor's degree in a pertinent academic field.
  • Possession of CAMS certification is considered a significant advantage.
  • Excellent command of both Arabic and English, with strong communication skills.

  Additional Information

  This is a full-time, onsite position based in the Riyadh Region.