Compliance & AML Specialist
Malaa is hiring a Compliance & AML Specialist in Riyadh, Saudi Arabia. Level rates it ; you can apply on Level.
AI in this role
Key Responsibilities
Compliance
- Monitor compliance with applicable SAMA regulations, circulars, license conditions and internal policies.
- Monitor compliance with applicable SAMA regulations, circulars, license conditions, and internal policies, and maintain the regulatory obligations register.
- Support the Compliance Monitoring Plan, conduct reviews and control testing, and follow up on corrective actions until closure.
- Review new products, services, customer journeys, operational changes, customer agreements, disclosures, policies, procedures, and marketing materials.
- Support SAMA regulatory reports, responses, and information requests, and manage submissions and correspondence through eSAMA, RMS, SAMA Care, and other applicable portals.
- Support SAMA NOC requirements, including identifying when an NOC is required, preparing submissions, and following up until closure.
- Monitor customer protection, complaints handling, outsourcing, and third-party compliance.
- Escalate material breaches, incidents, and regulatory risks to the Compliance and AML/CTF Manager.
AML/CTF
- Support the implementation and maintenance of the AML/CTF and sanctions framework.
- Oversee KYC, customer due diligence, enhanced due diligence and customer risk classification.
- Monitor sanctions, targeted financial sanctions and PEP screening controls.
- Oversee transaction-monitoring alerts, investigations and unusual activity escalations.
- Prepare suspicious activity assessments for review by the Compliance and AML/CTF Manager.
- Support the Compliance and AML/CTF Manager in regulatory reporting and communication with the Saudi Financial Intelligence Unit.
- Conduct quality assurance reviews over KYC, screening and transaction-monitoring processes.
- Coordinate with Fraud, Risk, Cybersecurity, Operations and Customer Care on financial crime matters.
- Support periodic AML/CTF risk assessments and follow up on identified actions.
Management and Reporting
- Coordinate day-to-day Compliance and AML activities.
- Prepare periodic reports for the Compliance and AML/CTF Manager and relevant committees.
- Support Compliance and AML training and awareness.
- Maintain complete Compliance and AML records and supporting evidence.
Skills, Knowledge and Expertise
Bachelor’s degree.1–2 years of experience.
Experience in a similar sector (if possible)
How we rate this
Compliance & AML Specialist at Malaa rates 31 out of 100 for how much of the daily work is AI. That makes it Little AI (AI Level 1 of 4). The level is about AI in the job, not seniority.
Little AI. AI is not part of the work.
- ●●●● Builds AI80 to 100
- ●●●○ Works on AI60 to 79
- ●●○○ Uses AI40 to 59
- ●○○○ Little AI0 to 39
Levels come from how often the tools, models and workflows of the role are named in the posting itself. Open the description and count.
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