AML Senior Officer

About This Role

Job Summary:

The AML Senior Officer plays a crucial role in preventing money laundering and terrorist

financing by ensuring Saudi Finance Company adheres to relevant laws and regulations. Acts as

a key guardian of the financial system, protecting the organization and society from the risks associated with financial crime.

Key Duties and Responsibilities:

1. Review alerts generated by real-time screening tools (e.g., Oracle FCCM) and validate

accuracy before escalation or further action

2. Support the Compliance Supervisor in analyzing red flag alerts and ensure they are addressed

within SAMA defined timelines.

3. Detect, investigate, and report suspicious transactions.

4. Draft Suspicious Transaction Reports (STRs), ensuring completeness and alignment with

SAMA FIU requirements before supervisor review.

5. Assist in executing the AML annual training plan, ensuring employees’ participation and

completion.

6. Review Know Your Customer (KYC) and Enhanced Due Diligence (EDD) files for high-risk

clients and confirm alignment with SAMA’s risk-based approach.

7. Conduct initial reviews of suspicious or high-risk transactions prior to escalation.

8. Review SME and Retail transactions, including early settlements and down payments, for

signs of unusual activity.

9. Perform AML transaction monitoring activities as per the compliance monitoring program

and escalate findings.

10. Maintain accurate and up-to-date records of all AML-related activities.

11. Document the results of financial investigations and ensure proper record-keeping in line

with SAMA regulations.

12. Validate customer risk ratings ensuring compliance with the Company’s AML policy.

13. Monitor regulatory updates from SAMA and ensure internal procedures are kept up to date.

14. Contribute to the design, implementation and monitoring of AML internal controls

15. Handle false positive alerts effectively without compromising compliance standards.

16. Prepare operational AML reports providing insights/recommendations to the supervisor or

management.

17. Provide support and guidance to junior AML officers and analysts in interpreting policies

and procedures.

18. Ensure confidentiality of company and customer data, maintaining compliance with the code

of conduct and ethics.

19. Participate in internal investigations and support documentation of findings in accordance

with internal procedures.

Skills and Competencies:

1. Regulatory precision and team governance to enforce SAMA’s AML/CFT framework and

SAMA performance metrics.

2. Team supervision and coaching.

3. Professionally handles disagreements within the team or with business units.

4. Regulatory and technical expertise.

Qualifications:

1. Bachelor’s degree in business administration, Law, Finance or Risk Management.

2. Proven understanding of specific SAMA regulations for Finance Companies.

3. Certifications: CCO certification is a plus.

4. At least 3-5 years of experience in AML