Senior Manager Compliance - FCC Risk and Control

Responsible to adopt a risk-based approach in designing FCC programs/system to ensure that the measures used to mitigate FCC - AML & CTF are commensurate to the risks identified in the bank and leading and coordinate a team to design risk assessment process from creation to delivery of results. This position reports directly to the Head of Financial Crimes and Anti-Money Laundering of the bank.

 Accountabilities:

• Supervise the implementation of a ‘Risk Based Approach’ within the account opening/transaction monitoring of all the business lines (Retail, Corporate, Private, Financial Institute, etc.) as per the SAMA regulations to combat Money Laundering and Terrorist Financing through BSF.
• Identify legal, regulatory and contractual requirements and organizational policies and standards related to FCC - AML & CTF systems to determine their potential impact on the business objectives.
• Manage the automated transaction monitoring system for FCC - AML & CTF with the help of the ITD and if required liaise with the external suppliers/vendors of such services for the correct solution while keeping a professional relationship with the existing vendors.
• Independently assess FCC - AML & CTF risk, present results to Financial Crimes and Anti-Money Laundering Head and make recommendations to mitigate and close gaps.
• Correlates identified risk scenarios to relevant business processes to assist in identifying risk ownership.
• Updates and tune the scenarios from time to time in order to meet the domestic and international regulatory requirements.
• Creates and maintains a risk register to ensure that all identified risk factors are accounted for.
• Organize effectively and proactively communicates sensitive information collected from research.
• Manage reports and presentations on FCC - AML & CTF Risks Assessment and achievement that have been done.
• To provide regular reports, statistics of FCC to the management and compliance committee.
• To provide regular guidance to employees, regarding compliance with AML & CTF laws, regulations, and BSF policies.
• To work closely with Compliance training department under Compliance Control Monitoring Division and developing comprehensive AML & CTF training program based on products, services and jurisdiction
• Visiting branches and delivering training and awareness on AML & CTF matters.
• To maintain suitable record of the activities performed by the Financial Crimes- Anti Money and Terrorist Financing Division and provide information as and when required for internal / external reporting
• To carry out organizational (bank wide) risk assessment with regards to AML & CTF
• To perform the FCC quality assurance monitoring and reporting
• Maintenance of AML System including technical developments and enhancements.
• To monitor changes of applicable laws / regulations that may require revisions to the AML&CTF Manual and incorporating revisions
• Update the FCC related policies and procedures
• To maintain good relationship with BSF stakeholder to make sure providing the appropriately advices.
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• To monitor changes of applicable laws / regulations that may require revisions to the AML&CTF Manual and incorporating revisions
• Update the FCC related policies and procedures
• To maintain good relationship with BSF stakeholder to make sure providing the appropriately advices.

• Bachelor’s Degree graduate or substantial experience within Compliance/Fraud Management/Risk/AML/Audit controlling sections in the banking sector.
• 5-8 years of working experience in the banking sector.
• 3-5 years within Compliance/Fraud Management/Risk/AML/Audit or in a control function of the bank.
• Excellent understanding of the Retail, Private, Corporate and Investment banking products/services.
• Excellent analytical and investigative skills
• Seasoned experience of writing policies and departmental documents in compliance with regulations.
• Excellent analytical skills to interpret the regulations/banking laws of the Kingdom.
• Good understanding of all the compliance fields FC – AML & CTF, KYC, Fraud Management etc.)
• Sound experience of meeting tight deadlines and working under pressure.
• Excellent computer/email skills (Microsoft word etc.)
• Sound experience of leading teams.
• Good project management skills.