Sanction Senior Specialist

About the Role

Enjaz is seeking a Sanction Senior Specialist to join our team in Riyadh, Saudi Arabia. This full-time role involves managing and applying sanction lists within the company's core banking and AML monitoring systems. The specialist will ensure compliance with international and local regulatory requirements concerning financial sanctions.

Key Responsibilities

• Handle sanction lists obtained from international sources such as the United Nations (UN), Office of the Foreign Assets Control (OFAC), and the Saudi Central Bank (SAMA).
• Extract and integrate specific sanction names from circulars issued by SAMA.
• Apply and install sanction lists in Enjaz’s core banking system and its AML monitoring system.
• Ensure the effective functioning of the sanctions screening process and the smooth operation of all related technical systems.
• Coordinate with IT and other departments for data collection, information generation, and report preparation, ensuring accuracy and completeness.
• Prepare and submit required technical reports to management and regulators in a timely manner.
• Update managers on progress and developments, providing guidance to staff as needed.
• Assist in the preparation, review, and revision of Service Level Agreements (SLAs) and Change Requests (CRs).
• Address technical and IT-related issues concerning regulatory requirements and inquiries, coordinating with relevant departments for appropriate controls and timely corrective actions.
• Inform department managers about regulatory and reporting requirements, ensuring the submission of complete and accurate information.
• Support the AML Manager in preparing reports for submission to management and regulators.
• Propose appropriate controls and corrective actions when necessary.
• Filter and process all sanctioning transactions and ensure all sanctioning lists are updated with the latest information.
• Respond to inquiries from corresponding banks via email and from branches via email or phone.
• Provide support across all screens as needed and maintain confidentiality of information.

Experience and Qualifications

Candidates should possess 2-5 years of relevant experience in sanctions management or a related field within the financial sector. A strong understanding of international and local sanction regulations, including those from the UN, OFAC, and SAMA, is essential.

Required Skills

• Proficiency in handling and applying sanction lists.
• Technical aptitude for working with core banking and AML monitoring systems.
• Strong coordination and communication skills for inter-departmental collaboration.
• Attention to detail and accuracy in data collection and report preparation.
• Ability to provide timely reports and updates to management and regulators.
• Problem-solving skills for identifying and suggesting corrective actions.
• Excellent written and verbal communication skills for responding to inquiries.
• Commitment to maintaining confidentiality of sensitive information.

Work Environment

This is a full-time position based in Riyadh, Saudi Arabia, within a dynamic financial services environment. The role requires close collaboration with IT and other operational departments to ensure robust compliance frameworks.

Application Process

Interested candidates are invited to apply for this role. Salary details will be discussed during the interview process.