AML Audit Manager (Banking)📣 Job Ad

About the Role

SSC HR Solutions is seeking an AML Audit Manager (Banking) to join their team in Riyadh, Saudi Arabia. This full-time role involves leading Anti-Money Laundering (AML), Counter-Terrorist Financing (CTF), and Targeted Financial Sanctions (TFS) audit engagements. The manager will be responsible for planning, supervising, and delivering risk-based internal audits to assess the effectiveness of governance, risk management, and internal controls, ensuring alignment with applicable regulatory requirements and international auditing standards.

Audit Planning and Management

• Lead the planning, execution, and reporting of AML and Compliance audit engagements.
• Develop comprehensive risk-based audit plans and audit programs.
• Ensure audit engagements are completed within agreed timelines and quality standards.
• Review and approve audit workpapers and supporting documentation.
• Ensure compliance with Internal Audit Standards and audit methodology.

AML and Regulatory Compliance Audits

The manager will lead and oversee audits covering a range of critical areas, including:

• AML/CFT framework, Business Risk Assessment (BRA), and Targeted Financial Sanctions (TFS).
• Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), and Know Your Customer (KYC).
• Transaction Monitoring, Sanctions and Name Screening, and Suspicious Transaction Reporting.
• AML Governance, AML Policies and Procedures, and regulatory reporting obligations.
• Compliance with applicable AML, CTF, and sanctions regulations.

Risk Assessment and Reporting

This role involves evaluating the effectiveness of enterprise and specific risk assessments, alongside comprehensive audit reporting:

• Evaluate Enterprise AML Risk Assessment and Customer, Product, Service, Geographic, and Delivery Channel Risk Assessments.
• Assess risk identification and mitigation processes, control design, operating effectiveness, and residual risk assessment methodology.
• Review audit findings, ensuring observations are supported by sufficient evidence.
• Assess root causes and recommend practical corrective actions.
• Prepare executive-level audit reports and present audit results to senior management.
• Monitor remediation plans and validate their implementation.

Leadership and Stakeholder Management

• Lead and mentor audit team members, allocating audit resources and monitoring engagement progress.
• Provide technical guidance and coaching to the team.
• Build effective relationships with business and control functions.
• Support continuous improvement of audit methodologies and practices.

Qualifications and Experience

Candidates for this position should possess the following:

• A minimum of 5-10 years of relevant experience.
• Demonstrated strong leadership capabilities.
• Extensive knowledge of regulatory requirements related to AML, CTF, and TFS.
• Proven ability to manage multiple audit engagements concurrently.