Anti Money Laundering Lead Specialist

About the Role

The Zakat, Tax and Customs Authority is seeking an Anti Money Laundering Lead Specialist to join their team in Riyadh, Saudi Arabia. This full-time role is for an experienced professional capable of working with general direction, focusing on developing solutions to complex challenges and addressing issues escalated from junior levels. The position requires 2-5 years of relevant experience.

Key Responsibilities

• Gather raw data and confidential correspondences from counterpart functions, coordinating with the ME Regional Intelligence Liaison Office.
• Anticipate the arrival or departure of targeted individuals by processing and analyzing data from investigations teams or port security.
• Conduct financial investigations, including tracing illicit funds and suspicious transactions, to prioritize cases.
• Develop detailed analysis reports with financial investigation findings and dispatch them to competent authorities.
• Develop training plans and workshop programs for relevant functions on raw data and confidential correspondence, ensuring adaptation to the latest Anti-Money Laundering trends.
• Develop periodical reports on recurrent anti-money laundering cases and violations, highlighting performance gaps for relevant stakeholders.

Targeting and Supervision

• Determine sensitive cases requiring inspections for travelers based on detailed financial analysis.
• Coordinate with Security functions to ensure readiness to target and seize suspicious travelers.
• Develop and dispatch lists of targeted travelers to all relevant stakeholders and port functions.
• Seize and refer targeted individuals or groups of smugglers to relevant security authorities, providing necessary support to ensure proper case completion.
• Dispatch false declarations to relevant internal and external stakeholders and document fines resulting from violations at ports.

Operational Management

• Adhere to all relevant policies, processes, and standard operating procedures to ensure controlled and consistent work execution.
• Assist in resolving escalated problems and provide support to junior team members to ensure efficient work.
• Escalate complex problems to the appropriate personnel to ensure proper resolution of cases and issues.
• Perform other duties as requested to support departmental objectives.

Team Leadership and Development

• Train junior staff on various job activities to facilitate knowledge transfer, where applicable.
• Provide clear direction, prioritize tasks, assign and delegate responsibility, and monitor the workflow of subordinates and junior staff.
• Support junior staff or direct reports in executing their duties according to established policies and processes.

Work Environment

This full-time position is based in Riyadh, Riyadh, Saudi Arabia, within the Zakat, Tax and Customs Authority. The role involves working as part of a professional team, contributing to critical anti-money laundering efforts.