Head of AML/CTF

About HALA

HALA is a prominent fintech company serving the MENAP region with the mission to revolutionize financial services and create the future bank for SMEs. It supports SMEs by providing innovative financial and technological tools. Operating since 2017, HALA holds multiple licensed entities across UAE, Saudi Arabia, and Egypt, including HALA Payments and HALA Logistics, enabling merchants to digitize payments and manage operations efficiently. It is licensed by the Saudi Arabian Central Bank.

Key Responsibilities

• Establish and enforce AML & CTF standards and local compliance procedures.
• Collaborate with leadership and teams to develop strategic programs improving efficiency and minimizing compliance risks.
• Aid in designing compliance programs aligning with legal, licensing, and regulatory standards.
• Manage and implement monitoring and assessment processes for AML/CTF activities.
• Continuously develop and update AML/CTF policies and procedures to maintain relevance.
• Communicate changes related to AML/CTF legislation and compliance requirements.
• Provide oversight and support to the investigative team handling suspicious activity monitoring.
• Deliver prompt and consistent feedback on escalated cases.
• Perform thorough Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) during investigations.
• Review Suspicious Transaction Reports (STR) for completeness and accuracy before submission to the Financial Intelligence Unit (FIU).
• Contribute to and participate in compliance initiatives and reporting relating to suspicious activities.
• Maintain detailed records of all STR submissions to the FIU.
• Conduct ongoing and ad hoc reviews to ensure team adherence to AML/CTF regulations and company policies.
• Lead and manage comprehensive AML training programs for staff.
• Provide direct support, hands-on assistance, and training to the AML/CTF team.
• Collaborate with Head of Financial Crimes to identify and escalate money laundering and terrorist financing risks.
• Maintain productive relationships with regulatory authorities and law enforcement entities, including SAMA and FIU.

Qualifications and Experience

• Bachelor's degree in Law, Finance, Business Administration, or a related field; equivalent experience may substitute formal education.
• Between eight to twelve years of experience in AML/CTF or related compliance roles.
• Proficient with advanced Microsoft Office tools.
• Fluency in both English and Arabic languages.
• Thorough understanding of compliance standards and regulatory frameworks.

Core Competencies

• Advanced self-actualization and personal fulfillment skills.
• Ability to foster team synergy and development at an advanced level.
• Strong entrepreneurial mindset coupled with high drive.
• Advanced business acumen and diligence.

Work Environment and Benefits

• An inclusive, diverse workplace promoting innovation and offering flexibility with remote, onsite, or hybrid work arrangements.
• Competitive pay packages with possibilities for equity ownership.
• Focus on personal and professional growth through regular trainings and an annual learning stipend.
• Work alongside a multicultural group comprising over 30 nationalities across seven countries.
• Experience autonomy, mentorship, and demanding goals that foster individual and organizational growth.
• Responsibility and trust in one's role, encouraging freedom to make decisions for optimal results.