Riyad Bank's Houston Office is the only Saudi Arabian bank operating in North America. It was established in 1990 and specializes in financing trade and investment flows between the USA and Saudi Arabia, as well as the Gulf countries.

What we do: We are primarily engaged in wholesale corporate commercial banking. Our primary business lines include participation in syndicated revolving credit and other banking facilities for U.S.-domiciled companies. Services offered include Trade Finance, Project Finance, Corporate Banking, and Financing of Direct Investment.

Responsibilities

Assist the BSA Officer in developing and maintaining BSA/AML/CIP/KYC/US PATRIOT ACT/OFAC/Sanctions policies, procedures, practices, and internal controls to ensure compliance within the Agency.
Analyze data to recommend improvements to AML systems and the broader BSA Program.
Identify, assess, and monitor compliance risks; implement risk mitigation strategies, create and update risk assessments, and escalate emerging threats to senior management.
Stay current on regulatory updates, industry guidelines, and best practices related to BSA/AML/OFAC compliance.
Create and maintain reports on compliance activities, findings, and trends for management and external stakeholders.
Conduct self-testing and support internal audits to evaluate compliance effectiveness.
Assist with regulatory examinations and external audits, including preparation and response coordination.
Perform OFAC, Know Your Customer (KYC), Enhanced Due Diligence (EDD), and Customer Due Diligence (CDD) screening and reviews at onboarding and for ongoing monitoring.
Performs the Politically Exposed Persons (“PEP”) searches and reviews Customer Identification Program (CIP), including Beneficial Ownership forms for new and existing clients.
Develop, deliver, and monitor compliance training.
Provide timely guidance to other departments on BSA and compliance-related matters.
Support general administrative tasks and serve as back-up for applicable critical tasks as needed.

Qualifications

Minimum 4-6 years of proven experience in BSA/AML compliance, financial crime/fraud prevention, or regulatory risk management.
Bachelor's degree in Finance, Business Administration, or similar.
Strong understanding of federal and state banking regulations.
Excellent analytical, investigative, and communication skills.
Ability to manage multiple priorities and work collaboratively across departments.
Certified Anti-Money Laundering Specialist (CAMS) designation required, or willingness to obtain certification within a short timeframe.

Riyad Bank

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