Consultant / Senior Consultant Risk Consulting Financial Crime & Compliance📣 إعلان

About the Role

EY is seeking a Consultant / Senior Consultant for its Risk Consulting Financial Crime & Compliance practice. This full-time position is based in Riyadh, Saudi Arabia, and involves advising financial institutions on navigating complex regulatory environments and effectively managing capital in support of their strategies. The role focuses on enhancing capital management capabilities to facilitate informed business decisions for clients.

The EY Financial Services Risk Management Practice

EY’s Financial Services Risk Management (FSRM) practice operates as an advisory unit, providing risk management support to banks, insurers, and asset managers. The team comprises professionals with expertise in industry knowledge, client relations, product understanding, quantitative analysis, regulatory compliance, project management, and technology. This role contributes to the advisory business in Financial Crime Compliance (FCC), focusing on target operating models, business processes, and internal controls that align with regulatory requirements while maintaining customer experience standards.

Key Responsibilities

• Provide strategic sourcing services related to regulatory compliance, Financial Crime Compliance (FCC), corporate governance, enterprise risk management, internal controls, and internal audit to financial services clients.
• Assist organizations in maintaining effective and efficient controls to manage organizational and strategic risks.
• Contribute to the support and delivery of engagements related to regulatory compliance, FCC, risk assessments, enterprise risk management, and internal controls.
• Deliver technical aspects of FCC systems relevant to Customer Due Diligence (CDD), Anti-Money Laundering (AML) monitoring, and payment screening.
• Utilize data analytics tools and techniques to enhance transaction monitoring and sanction screening defenses, and conduct transaction system optimization using advanced analytical algorithms to identify trends.
• Assist in managing the financial aspects of engagements by tracking fees and communicating issues to project leaders.
• Establish, maintain, and strengthen internal and external relationships.
• Actively contribute to improving operational efficiency on projects and internal initiatives, ensuring consistent project completion with high-quality work.

Qualifications and Experience

• 2-4 years of relevant Financial Crime Compliance (AML/CFT, Sanctions, Anti-Bribery & Corruption, and Fraud) experience in banking, insurance, asset management, and/or a public accounting firm.
• Strong understanding of regulator expectations and knowledge of the global risk and regulatory environment, particularly developments in the FCC space.
• Experience in FCC-related technology projects, such as payments screening, transaction monitoring, and/or customer risk rating systems, preferably at a large or complex financial institution.
• Understanding of financial regulations and laws related to financial crime, including Office of Foreign Assets Control (OFAC) sanctions.
• Demonstrated strong planning, execution, and reporting skills.
• Analytical skills, specifically the ability to assess and decompose financial services industry processes with a risk and control focus.
• Graduate degree in law, finance, or commerce is preferred.
• Arabic proficiency is required, along with good English communication skills.
• Exposure to the MENA region and knowledge of other jurisdictions’ AML regulations and environment are advantageous.
• Track record with a leading consulting firm in the MENA region.

Skills and Attributes for Success

• Good understanding of economic or market issues and the ability to interpret their impact on clients.
• Strong interpersonal and teaming skills.
• Ability to leverage technology for continuous learning, improved service delivery, and maintaining best practices.
• Strong presentation skills and proficiency in PowerPoint, Word, and Excel.
• Ability to build an understanding of solutions, share knowledge, and draw on subject matter specialists as needed.
• Self-motivated with energy and drive.
• Effective project management and teamwork skills.

Compensation and Recognition

EY offers a competitive compensation package where individuals are rewarded based on performance and recognized for their contributions to the business.