Head of Compliance & AML📣 إعلان

Head of Compliance & AML

Allied Cooperative Insurance Group (ACIG) is seeking a Head of Compliance & AML to lead its Compliance function in Riyadh, Saudi Arabia. This full-time role requires a seasoned professional with over 10 years of experience to strengthen the organization's regulatory framework and foster a culture of ethics, integrity, and compliance.

Role Purpose and Strategic Impact

The Head of Compliance & AML is responsible for leading ACIG’s compliance and Anti-Money Laundering (AML) programs. This involves ensuring strict adherence to regulatory requirements, proactively mitigating compliance risks, and providing strategic guidance to senior management and the Board. The role serves as the primary liaison with regulators and is critical for overseeing the implementation of effective compliance monitoring and financial crime prevention frameworks across the organization.

Key Responsibilities

• Develop and implement the organization’s Compliance and AML strategy, framework, and annual plan.
• Ensure compliance with applicable laws, regulations, and regulatory requirements.
• Lead the AML, Counter-Terrorist Financing (CTF), and sanctions compliance programs.
• Monitor regulatory developments and assess their impact on the organization.
• Conduct compliance risk assessments and recommend appropriate mitigation measures.
• Oversee compliance monitoring, testing, and reporting activities.
• Provide compliance advice and guidance to business units and senior management.
• Liaise with regulators, auditors, and external stakeholders on compliance-related matters.
• Investigate compliance breaches and oversee corrective action plans.
• Deliver compliance awareness and AML training across the organization.
• Prepare reports and updates for executive management, Board committees, and regulators.
• Lead, coach, and develop the Compliance & AML team.

Qualifications and Experience

• Bachelor’s degree in Law, Finance, Business Administration, Risk Management, or a related field.
• Professional certification such as CAMS, ICA, CRCM, or an equivalent compliance qualification is preferred.
• A minimum of 10 years of experience in compliance, AML, financial crime, or regulatory affairs.
• At least 3 years in a leadership role.
• Insurance industry experience is highly preferred.
• Strong knowledge of Saudi Insurance Authority regulations and AML/CFT requirements.

Required Competencies

• Regulatory Expertise
• Strategic Thinking
• Leadership
• Integrity & Ethical Judgment
• Risk Assessment
• Decision Making
• Stakeholder Management
• Communication & Influence
• Analytical Thinking
• Results Orientation

Application

We invite qualified candidates who are passionate about regulatory excellence, governance, and combating financial crime to apply for this full-time position in Riyadh, Saudi Arabia.