AML Assistant Manager

We’re Hiring: AML Assistant ManagerAre you an experienced AML professional with a strong understanding of financial crime prevention and regulatory compliance? We are seeking an AML Assistant Manager to support the effective implementation of our Anti-Money Laundering and Counter-Terrorist Financing framework within the Compliance & AML Department.About the Role:The AML Assistant Manager is responsible for supporting and overseeing day-to-day Anti-Money Laundering (AML), Counter-Terrorist Financing (CTF), sanctions, and financial crime compliance activities. The role ensures effective implementation of AML/CTF policies, procedures, controls, monitoring, and reporting in accordance with ACIG requirements and applicable regulations.Working within the Compliance & AML Department, the position supports the Compliance & AML Manager in strengthening the Company’s financial crime control environment and ensuring compliance with the requirements of the Saudi Insurance Authority and other applicable authorities.Key Responsibilities:Support the implementation and maintenance of the Company’s AML/CTF framework, policies, procedures, and controls.Conduct and support AML/CTF risk assessments across relevant business activities and customer segments.Oversee customer due diligence and enhanced due diligence activities for higher-risk customers and relationships.Monitor transactions and activities for unusual or potentially suspicious patterns and ensure appropriate escalation.Review AML alerts and support the investigation and assessment of potentially suspicious activities.Support the preparation and filing of required suspicious transaction reports in accordance with applicable regulatory requirements and internal escalation protocols.Monitor sanctions, watchlists, and other applicable financial crime screening requirements.Maintain accurate AML/CTF records, registers, documentation, and supporting evidence.Monitor changes in AML/CTF regulations and support the implementation of required changes to policies and controls.Prepare periodic AML reports, management information, and regulatory submissions.Coordinate with Underwriting, Claims, Finance, Sales, Operations, and other functions on AML/CTF matters.Support regulatory examinations, internal audits, and compliance reviews related to AML/CTF.Conduct AML/CTF awareness and training activities for employees.Supervise and support AML staff and ensure timely completion of assigned activities.Escalate significant AML/CTF concerns and control weaknesses to the Head of Compliance & AML.Qualifications & Experience:Bachelor’s degree in Finance, Accounting, Business Administration, Law, Insurance, or a related field.Professional certification in AML, compliance, or financial crime, such as CAMS or ICA, is preferred.Minimum of 5 years of relevant experience in AML, compliance, financial crime, or a related field.Previous supervisory experience is preferred.Good knowledge of AML/CTF principles, customer due diligence, sanctions screening, and suspicious transaction monitoring.Strong understanding of applicable Saudi AML/CTF regulations and regulatory requirements.Insurance or financial services industry experience is highly preferred.Key Competencies:AML & Financial Crime KnowledgeRegulatory ComplianceAnalytical ThinkingRisk AssessmentAttention to DetailIntegrity & ConfidentialityProblem SolvingCommunication & ReportingStakeholder ManagementTeam SupervisionIf you are an AML professional committed to regulatory compliance, financial crime prevention, and maintaining the highest standards of integrity, we invite you to apply and become part of our team.