Senior Manager Anti-Commercial Concealment

Job description / Role

Job description

The role is responsible to lead and manage the organization's anti-concealment unit, ensuring full compliance with applicable laws and regulations related to anti-concealment and anti-money laundering (AML). The role is responsible for developing, implementing, and monitoring frameworks, policies, and controls designed to detect, prevent, and report concealment of illicit funds or transactions within the organization.

Responsibilities

• Supervise the anti-commercial concealment unit and manage related projects, assignments, system implementations, and enhancements.
• Implement anti-commercial concealment practices and enhance AML policy and procedure; mitigate, minimize, or eliminate exposure to anti-commercial concealment risk to protect the bank's reputation.
• Design and implement internal policies, procedures, and controls to ensure alignment with applicable laws, regulations, and guidelines.
• Perform detailed investigations and write detailed reports on anti-commercial concealment investigations.
• Respond to requests for information from regulatory bodies and law enforcement agencies.
• Participate in monitoring unusual or suspicious financial activity and assist in the protection of the bank from concealment activities.
• Handle ongoing revision of the department's policies and procedures to ensure compliance with regulatory requirements and best practices.
• Establish contacts within and liaise with law enforcement agencies and regulatory bodies during investigations.
• Participate in implementing an ongoing AML training program for anti-commercial concealment for the bank's employees.
• Communicate with other departments to ensure coverage and implementation of any requirements related to the anti-commercial concealment unit.
• Manage anti-commercial concealment related alerts generated by transaction monitoring systems.
• Manage and provide necessary reporting for anti-commercial concealment activities.
• Ensure that all anti-commercial concealment risks are appropriately identified through risk assessments performed across business units and the compliance function.
• Manage transaction monitoring users for the anti-commercial concealment unit.
• Ensure that the appropriate staff, skills, and resources are in place to deliver the short and long term goals set for the AML team.
• Provide coaching, direction, and motivation to the staff.
• Manage the anti-commercial concealment team and ensure they have necessary training, coaching, and direction.
• Participate in SAMA committees for ACC topics and workshops.
• Represent the bank in SAMA and other government bodies for anti-commercial concealment.
• Enforce, incorporate, and comply with all necessary controls and related information security policies, procedures, practices, training, reporting, personal due diligence, and vigilance within departmental/unit activities and operations.

Qualifications

Preferred qualifications

• Have a tertiary level qualification from a recognized institution.

Years and nature of experience

• Recommended to have 5 to 7 years of equivalent experience demonstrating required competencies and solid, relevant experience in banking and control functions.
• Demonstrated expertise and experience with complex technical activities.
• Experience working with senior staff and handling complex issues, larger clients, accounts, projects, or internal relationships.
• Analytical and investigative aptitude with proven ability to successfully communicate issues to both internal and external audiences.
• Thorough knowledge of anti-concealment requirements.
• High analytical skills and attention to detail.
• Solution driven, confident, highly motivated, and organized.

Technical competencies

• Data collection and analysis
• Monitoring and surveillance
• Regulatory compliance
• Research and information synthesis
• Risk and compliance reporting

Behavioral competencies

• Communication
• Digital literacy
• Collaboration
• Interpersonal skills
• Problem solving

About the team

Joining the bank compliance team opens the door to an extraordinary opportunity. You become an integral member of a vibrant and forward-thinking group, committed to upholding the highest levels of integrity and compliance. We champion ethical behavior and adhere unwaveringly to the rules, regulations, and protocols that govern the bank's business operations. At the core of our compliance department, you'll find a remarkable ensemble of dedicated professionals tirelessly working to ensure our bank's unwavering compliance.