Moyasar Financial Company is a Saudi company headquartered in Riyadh, Saudi Arabia, licensed by the Saudi Central Bank (SAMA). It was founded in 2015 by a group of dedicated engineers with diverse backgrounds. Drawing inspiration from their collective market experiences, they embarked on a mission to create an efficient and trustworthy payment solution tailored for the online marketplace. Since its inception, Moyasar has consistently demonstrated reliability and achieved notable success, particularly in assisting numerous merchants in transitioning to an online presence during the 2020 pandemic. Moyasar collaborates closely with leading acquirer banks in the market and continues to expand its network of merchants across various business sectors and scales.
Currently, we are actively seeking an exceptional candidate to join our team As an AML Specialist, you will be responsible for supporting the implementation and maintenance of our anti-money laundering (AML) program. You will play a critical role in identifying and mitigating potential money laundering and financial crime risks to ensure compliance with applicable laws, regulations, and industry standards.
Roles and Responsibilities:
- Assist in developing and implementing AML policies, procedures, and controls to detect and prevent money laundering and other financial crimes.
- Conduct AML risk assessments and due diligence on customers, clients, and transactions to identify potential suspicious activities.
- Monitor and analyze customer transactions and account activities for unusual patterns or behaviors that may indicate money laundering or financial crime.
- Investigate and escalate suspicious activities to the appropriate internal teams, ensuring compliance with reporting requirements.
- Stay up-to-date with AML laws, regulations, guidelines, and industry best practices to ensure the company's compliance obligations are met.
- Support the implementation and enhancement of transaction monitoring systems and tools to improve the effectiveness of AML controls.
- Collaborate closely with internal teams, such as customer support, compliance, and legal, to address AML-related issues and ensure timely resolution.
- Assist in conducting internal AML audits and testing to assess the effectiveness of AML controls and identify areas for improvement.
- Maintain accurate records and documentation related to AML activities, including suspicious activity reports (SARs) and transaction monitoring reports.
- Assist in providing AML training and awareness programs to employees, ensuring they understand their responsibilities in identifying and reporting suspicious activities.
- Participate in AML-related projects and initiatives, providing support and assisting in the implementation of new processes or technologies.
- Assist in responding to AML-related inquiries and requests from external regulatory bodies, industry peers, and auditors.
Essential Requirements:
- Bachelor's degree in Business, Finance, Law, or a related field.
- 1+ years of experience in Anti-Money Laundering.
- Knowledge of AML laws, regulations, guidelines, and industry best practices.
- Familiarity with AML risk assessment methodologies and due diligence procedures.
- Understanding of transaction monitoring systems and tools.
- Proficiency in using AML software applications and tools.
- Knowledge of financial crimes, fraud prevention, and detection techniques.
- Familiarity with customer due diligence (CDD) and know-your-customer (KYC) requirements.
- Understanding of data privacy and security regulations (e.g., GDPR, CCPA) as they relate to AML.
- Understanding of anti-money laundering (AML) and know-your-customer (KYC) requirements.
