Anti-Money Laundering Specialist

Responsibilities:

1.Assist head of compliance in preparing AML regulatory reports.

2.Work on SAMA AML and FIU enquires.

3.Perform Enhanced due diligence and customer due diligence on the customers.

4.Disposition of systemically generated AML alerts.

5.Escalates unusual activity and present cases to the head of compliance.

6.Preparing EDD and KYC forms.

7.Update AML policies and procedures.

8.Advice business on day to day AML related issues.

9.Review cancellation policies for life insurance.

10.Review issuance of new policies and customers for life insurance.

11.Perform sanction screening for new customers and ongoing.

Technical / Functional Skills required:

1. Bachelor's Degree
2. Working knowledge of AML, and other AML regulatory policies, with a good understanding of AML typologies as well as the ability to apply and explain regulatory concepts
3. Understanding of the Insurance Industry.
4. Strong research and analytical skills with the ability to analyze large amounts of data, to identify trends and potential high-risk activity, and to document appropriately
5. Strong written and verbal communication skills.
6. Self-starter, capable of working under minimum supervision.
7. Ability to independently complete work assigned within defined time frames and with expected and accurate results while seeking senior guidance appropriately through regular and disciplined interaction and escalation to be able to meet their deliverables.
8. Demonstrated skills in risk assessment.
9. Saudi National.
10. Minimum 5 years experience in role.