AML Manager (Anti-Money Laundering) I KSA I Financial Services I Orient Insurance PJSC

The AML Manager is responsible for developing, implementing, and maintaining the Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) framework within the organization, ensuring compliance with regulatory requirements and protecting the company from financial crime risks in line with Saudi regulations and insurance industry standards.

Requirements

• Develop and maintain AML/CTF policies, procedures, and controls.
• Ensure alignment with regulatory requirements and international best practices.
• Periodically review and update AML frameworks based on regulatory changes.
• Ensure compliance with regulations issued by Saudi Central Bank and relevant financial crime laws.
• Act as a key point of contact with regulators on AML-related matters.
• Ensure timely submission of regulatory reports and disclosures.
• Oversee implementation of Know Your Customer (KYC) and Customer Due Diligence (CDD) processes.
• Ensure enhanced due diligence (EDD) for high-risk customers.
• Monitor onboarding processes to ensure compliance.
• Monitor transactions and activities for suspicious patterns.
• Investigate alerts and escalate suspicious activities.
• Prepare and submit Suspicious Transaction Reports (STRs) to relevant authorities.
• Conduct AML risk assessments across products, customers, and distribution channels.
• Identify and mitigate financial crime risks within the business.
• Develop and deliver AML training programs for employees.
• Promote awareness of financial crime risks and compliance responsibilities.
• Lead investigations into suspected money laundering or fraud cases.
• Maintain proper documentation and evidence for regulatory review.
• Prepare periodic AML reports for senior management and compliance committees.
• Track and report key AML metrics and incidents.

Benefits

• Competitive salary
• Benefits package
• Opportunities for professional growth and development