AVP AML Support & Effectiveness

Responsibilities:

• Collaborate on the establishment and updating of comprehensive Support and Effectiveness Unit policies and procedures,
• ensuring alignment with regulatory requirements.
• Review prepared Anti-Money Laundering (AML) periodical reports to ensure accuracy and compliance.
• Conduct quality checks on AML units to assess and enhance operational effectiveness.
• Review bank AML & Counter-Terrorism Financing (CTF) awareness messages for clarity and relevance.
• Ensure the timely update of the AML & CTF policy and procedures to align with regulatory requirements.
• Supervise the comprehensive bank-wide regular reviews/visits to various sectors and departments of the banks, including
• branches, to ensure compliance with anti-money laundering and counter-terrorism financing requirements, and document the
• visits in writing.
• Support the Head of AML & CTF with the preparation of managerial reports.
• Review responses to correspondent banks' questionnaires and ensure they are conducted in a timely manner, showcasing the
• bank's commitment to compliance and fostering strong correspondent banking relationships.
• Manage the periodic risk assessments to identify emerging AML/CTF risks and adjust monitoring/control measures accordingly.
• Manage AML & CTF department requests and projects, ensuring timely and effective execution.
• Ensure the closure of all deficiencies related to internal and external audits within established timelines.
• Manage the regular reviews of AML systems to ensure accuracy & effectiveness in monitoring & controlling relevant risks.
• Manage all reports mandated by the Saudi Arabian Monetary Authority (SAMA) related to AML.
• Encourage an AML compliance culture across the organization through training and awareness programs to keep all
• employees informed about AML related matters.
• Ensure continuous review of all AML and CTF processes, tools, and controls to assess their effectiveness in combatting money
• laundering and illicit financial activities, identify areas for improvement, and take necessary action.
• Remain current with regulatory/laws updates related to AML&CTF and ensure updates are incorporated within AML operations.
• Manage the preparation and submission of field visit/review reports and periodic activity reports conducted by the Anti-Money
• Laundering and Counter-Terrorist Financing department to the board of directors.
• Establish key performance indicators (KPIs) and metrics to measure the effectiveness of AML/CTF processes and report findings
• to senior management.
• Manage AML system enhancements to ensure detection of suspicious activities & improve effectiveness of AML/CTF controls.
• Collaborate with relevant stakeholders to ensure the integration of AML/CTF controls into new products, services, and activities.
• Design enhanced due diligence measures for high-risk customers, including politically exposed persons (PEPs) and
• correspondent banking relationships.
• Prepare internal control questionnaires, data collection templates, and any related information pertaining to anti-money
• laundering and counter-terrorism financing provided to the institution.
• Additional duties and responsibilities assigned through the bank’s process as deemed necessary.

Required Qualifications:

• Minimum Qualifications: Bachelor’s Degree in a related major
• Preferred Experience: 8+ years of relevant experience, preferably in the banking sector.
• Language: Arabic, English