Tanfeeth Manager📣 Job Ad

About the Role

The Trade Bank of Iraq (TBI) is seeking an experienced Tanfeeth Manager to lead the financial enforcement function at its Saudi Arabia Branch in Riyadh. This full-time role involves managing the processing and control of financial enforcement orders and civil and judicial banking procedures, ensuring adherence to timelines and regulations set by the Saudi Central Bank (SAMA) and applicable Saudi laws.

Role Responsibilities

• Manage daily financial enforcement and judicial banking procedures within the Kingdom of Saudi Arabia.
• Act as the primary operational liaison with SAMA for enforcement orders, judicial banking procedures, regulatory inquiries, and related escalations.
• Oversee requests received through Tanfeeth, SAMA Net, or other SAMA-approved channels, ensuring immediate action within prescribed timelines.
• Review and authorize disclosure, freezing, attachment, forced deduction, fund transfer, release, and account-restriction actions under the maker-checker control model.
• Ensure that only the amount stated in the order is attached and that debit restrictions remain effective until the required amount is completed or an official release is received.
• Ensure correct treatment and coding of amounts legally exempt from attachment, including applicable statutory release percentages.
• Review and approve transfers of attached funds to enforcement court accounts or other officially designated beneficiary accounts.
• Resolve complex, conflicting, or exceptional cases in coordination with SAMA, Legal, Compliance, AML, IT, Finance, and relevant Operations teams.
• Establish and maintain policies, standard operating procedures, control checklists, escalation matrices, and service-level standards for the function.
• Maintain strict confidentiality, appropriate user access, segregation of duties, and complete audit trails for all enforcement requests.
• Perform daily control and reconciliation of received, completed, rejected, pending, and partially satisfied orders.
• Monitor system availability and participate in testing, business continuity, and disaster recovery exercises for enforcement platforms.
• Investigate processing errors or delays, report operational incidents, and implement corrective and preventive actions.
• Prepare periodic management and regulatory reports, and provide accurate information requested by SAMA, auditors, and authorized authorities.
• Supervise, coach, and assess the performance of Financial Enforcement Officers, ensuring adequate operational coverage at all times.

Required Qualifications and Experience

• 5-10 years of experience in financial enforcement or a related field.
• Strong knowledge of Saudi Enforcement Law and SAMA regulations.
• Demonstrated operational judgment and high integrity.
• Ability to manage time-critical regulatory requests effectively.

Key Attributes

The ideal candidate will possess sound operational judgment, high integrity, and discretion. This role requires the ability to manage time-critical regulatory requests in a fast-paced, highly regulated banking environment, ensuring that official orders are executed accurately and confidentially.

Work Environment

This is a full-time position based in Riyadh, Saudi Arabia, within the Trade Bank of Iraq's Saudi Arabia Branch. The role operates within a highly regulated banking environment, requiring strict adherence to SAMA guidelines and Saudi laws.

Application Process

Candidates who meet the specified qualifications are encouraged to apply for this position.