Senior Anti-Commercial Concealment Officer

 

Key Accountabilities

1. Participate in the implementation and execution of bank’s AML strategy from Business support objective.
2. Conduct operations related to commercial concealment transaction and account monitoring program, as per specified schedules.
3. Investigate and assess alerts for commercial concealment risk of abnormal transactions or commercial concealment alerts.
4. Ensure efficient identification and monitoring of suspicious activities and transactions of commercial concealment.
5. Ensure timely, efficient reporting of suspicious transactions to the MLRO or DMLRO.
6. Maintain real time knowledge of money laundering and terrorist financing issues, including policies, procedures, regulations, industry best practice, criminal typologies and developing trends.
7. Timely execute instructions received from supervisor and MLRO.
8. Assist with money laundering related queries/questionnaires received from Corresponding Banks and SAMA.
9. Investigate, review and resolve AML related and economic sanctions related alerts and commercial concealment related alerts.
10. Prepare weekly, bi-weekly, monthly and quarterly reports to supervisor.
11. Obtain documentary proof of abnormal transactions and ensure effective record keeping of CDD.
12. Performs other related duties or assignments as directed
13. Provide analytical, procedural and administrative support to the Head of compliance and to the MLRO and participate in the implementation of GIB’s overall compliance function
14. Ensure GIB is in full compliance with all relevant laws, regulations, and codes, as well as best practices.
15. Refer to RM for further details and justification on AML violations closed with inappropriate information
16. Support GIB business units by provide day-to-day guidance with respect to the preparation and review of KYC documentation obtained in line with SAMA requirements.
17. Assist in categorization of customer risk assessment and due diligence and that such categorization is appropriately supported.
18. Ensure that PEP and high-risk relationship are identified and due diligence as well as semi-annual reviews by RM, are conducted in accordance with regulatory requirement and GIB procedures.
19. Assist in all aspects of compliance with AML/CFT regulations, including review and implementation of policies, procedures and guidance.
20. Review daily Side Safewatch release and investigate cases of inaccurate swift message release.
21. Ensure that the appropriate records retention procedures are in place and are being implemented for KYC and other client documentation, in accordance with regulatory requirements.

 

Qualifications:

• Diploma in banking operations, accounting or equivalent
• Bachelor’s degree is preferable

Professional Certifications

Committed to successfully completing the ACAMS Certification within one year of taking up the role

Experience:

3 - 4 years’ experience in banking with previous experience in AML, Compliance or Risk that would be an advantage but is not mandatory

Skills:

• Good understanding of the AML requirements in banking.
• An understanding of the banking industry, in particular the lines of business relevant to GIB Retail.
• Knowledge of current trends in corporate governance.
• Excellent oral and written communication skills in Arabic and English
• Good interpersonal skills as the job requires much interaction with other areas of the GIB Group and outside agencies.

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