AML Assistant Manager

We’re Hiring: AML Assistant Manager

Are 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 Knowledge

• Regulatory Compliance

• Analytical Thinking

• Risk Assessment

• Attention to Detail

• Integrity & Confidentiality

• Problem Solving

• Communication & Reporting

• Stakeholder Management

• Team Supervision

• If 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.