Company Description
Riyad Bank is one of the largest and most established financial institutions in the Kingdom of Saudi Arabia and the Middle East. Since its founding in 1957, the Bank has played a vital role in supporting the Kingdom’s economic development and financial sector growth. As of December 31, 2024, Riyad Bank reported total assets of SAR 450.38 billion, reflecting its strong financial position and sustained performance. With a workforce of more than 5,900 employees and a national employment rate of 94%, the Bank continues to uphold its commitment to nurturing talent and contributing to the advancement of the Saudi banking industry.
Riyad Bank offers a comprehensive suite of banking and financing solutions designed to meet the diverse needs of retail, corporate, and institutional clients across the Kingdom. The Bank supports the international banking and trade finance needs of its clients through branches in London, Houston (United States), and Singapore. This global network enhances Riyad Bank’s ability to facilitate cross-border transactions, strengthen international partnerships, and deliver high-quality financial services aligned with global standards of excellence. Riyad Bank’s U.S. presence is dedicated to serving corporate and public-sector clients with specialized financial solutions that support international trade and investment between the United States and the Kingdom of Saudi Arabia.
The U.S. Office focuses on delivering comprehensive trade finance and corporate banking services designed to facilitate cross-border transactions, strengthen commercial partnerships, and enable large-scale public and private initiatives. Our expertise spans letters of credit, guarantees, structured trade finance, and project-related funding, with a commitment to providing efficient, transparent, and solutions that meet the complex needs of our clients.
Role Description
The Senior Risk & Compliance Analyst will play a key role in supporting the Bank's U.S. operations through comprehensive oversight of regulatory compliance, BSA/AML monitoring, risk assessments, and internal control activities. The ideal candidate will bring strong analytical skills, sound judgment, and a proactive approach to managing compliance and operational risks.
Key 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 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/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 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.
• Trade finance experience is a plus.
• Strong understanding of sanctions management and federal/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.
