Monitoring and Financial Crimes Manager📣 إعلان

About Derayah Financial

Derayah Financial is seeking a Monitoring and Financial Crimes Manager to join its team in Riyadh, Saudi Arabia. This full-time position is crucial for maintaining the company's commitment to regulatory compliance and combating financial crime within its operations.

Role Summary

The Monitoring and Financial Crimes Manager is responsible for overseeing Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) activities across Derayah Financial. This role ensures adherence to applicable regulatory requirements, internal policies, and established procedures. Key areas of oversight include transaction monitoring, suspicious activity reviews, Know Your Customer (KYC) monitoring, and comprehensive AML reporting. The manager will identify potential compliance risks and escalate significant findings to the Head of Compliance & AML, thereby strengthening the company's overall AML monitoring framework.

Key Responsibilities

• Monitor client transactions and account activities to identify suspicious transactions, unusual patterns, and potential AML/CTF or market manipulation risks.
• Review and investigate AML alerts generated by monitoring systems and assess cases escalated by employees, ensuring compliance with internal procedures and regulatory requirements.
• Perform ongoing monitoring of customer accounts, including dormant, inactive, and closed accounts, recommending appropriate actions in line with internal policies.
• Conduct periodic reviews of KYC and Customer Due Diligence (CDD) records to ensure accuracy, completeness, and compliance with applicable regulations.
• Monitor compliance with AML/CTF regulatory requirements, internal policies, and customer onboarding standards across all business operations.
• Prepare periodic AML monitoring reports, case summaries, and management information for the Head of Compliance & AML and relevant committees.
• Escalate suspicious activities, high-risk transactions, and regulatory breaches to the Head of Compliance & AML, maintaining proper documentation and audit trails.
• Coordinate with Compliance, Risk, Internal Audit, Operations, and regulatory authorities during AML reviews, investigations, inspections, and information requests.

Qualifications and Experience

• A minimum of 5 to 10 years of experience in monitoring, Anti-Money Laundering (AML), or financial crime prevention within a regulated environment.

Work Location and Type

This is a full-time position based in Riyadh, Saudi Arabia.

Application

Candidates who meet the specified requirements are encouraged to apply.