Financial Crime Compliance Risk Manager

About the Role

SAB is seeking a Financial Crime Compliance Risk Manager to join its Compliance Group in Riyadh, Saudi Arabia. This full-time role involves managing financial crime compliance risks and ensuring adherence to established procedures and regulatory standards within the bank.

Key Responsibilities

• Ensure all work is completed according to established procedures and standards, and produce Management Information (MI) as required.
• Manage the Financial Crime Compliance (FCC) risk and control environment, and track the closure of identified issues.
• Ensure the implementation of final capabilities across the bank to prevent money laundering and sanctions breaches.
• Set risk appetite, support lines of business FCC teams in policy interpretation, and oversee FCC risk exposure for specific functions.
• Establish and coordinate the implementation of projects aimed at improving financial crime risk management through more efficient and effective systems and processes.
• Provide necessary assessments related to Financial Crime risks.
• Submit required annual reports.
• Ensure the successful implementation of Saudi Central Bank (SAMA) regulations related to FCC policies and programs.
• Conduct biennial assessments of FCC risks (EWARA) to evaluate inherent Anti-Money Laundering (AML), Sanctions, and Anti-Bribery and Corruption (AB&C) risks, the effectiveness of current controls, and the level of unmitigated risk.
• Proactively assist management in identifying and containing FCC risk.
• Undertake regular monitoring of FCC activities to verify compliance with all relevant rules, laws, regulations, and local internal procedures. Produce concise reports in a timely manner and follow up on the implementation of all recommendations.
• Ensure that controls are in place to mitigate identified risks.
• Ensure the Risk and Control Assessment is completed accurately in line with Global Standards.

Qualifications and Experience

• Bachelor's degree in Law, Accounting, Business Administration, or a related field.
• Approximately 5 years of experience, with at least 3 years in a relevant role.
• Prior experience in compliance, investigation & interrogation, operations, business, or risk management.

Work Schedule

The standard working hours for this full-time position are from 8:00 AM to 5:00 PM, Sunday through Thursday.

Location

This position is based in Riyadh, Saudi Arabia.