Director - Financial Crime Advisory

Director – Financial Crime Advisory

Capitex, a leading financial institution based in Saudi Arabia, is seeking a seasoned and strategic Director of Financial Crime Advisory to lead its efforts in combating financial crime, ensuring regulatory compliance, and safeguarding the organization against evolving threats. This pivotal role will be responsible for developing, implementing, and overseeing robust financial crime prevention frameworks, including anti-money laundering (AML), counter-terrorist financing (CTF), sanctions compliance, fraud detection, and bribery and corruption prevention. The ideal candidate will possess a deep understanding of global financial crime risks, regulatory requirements, and industry best practices, combined with exceptional leadership and advisory capabilities.

Key Responsibilities

The Director of Financial Crime Advisory will play a critical role in shaping Capitex’s financial crime strategy and ensuring alignment with both local and international regulatory standards. The primary responsibilities include:

• Strategic Leadership: Develop and execute a comprehensive financial crime prevention strategy that aligns with Capitex’s business objectives while mitigating risks associated with money laundering, fraud, and other financial crimes. Collaborate with senior management to integrate financial crime risk considerations into business decisions and operational processes.
• Regulatory Compliance: Ensure the organization’s adherence to all applicable financial crime regulations, including Saudi Arabia’s regulatory frameworks, FATF recommendations, and international standards. Monitor regulatory changes and proactively adjust policies, procedures, and controls to maintain compliance.
• Risk Assessment and Management: Conduct thorough risk assessments to identify vulnerabilities within Capitex’s operations and implement effective mitigation measures. Oversee the identification, investigation, and reporting of suspicious activities in accordance with legal and regulatory requirements.
• Policy Development and Implementation: Design, implement, and maintain robust financial crime policies, procedures, and controls. Provide guidance to business units on compliance requirements and ensure consistent application across the organization.
• Training and Awareness: Develop and deliver comprehensive training programs to enhance the financial crime awareness and capabilities of employees at all levels. Foster a culture of compliance and ethical behavior throughout the organization.
• Stakeholder Engagement: Act as a trusted advisor to senior leadership, board members, and external stakeholders on financial crime risks and mitigation strategies. Represent Capitex in interactions with regulatory authorities, industry associations, and law enforcement agencies as needed.
• Technology and Innovation: Leverage advanced technologies, such as artificial intelligence and data analytics, to enhance the detection and prevention of financial crime. Collaborate with IT and data teams to implement and optimize monitoring systems and tools.
• Reporting and Governance: Prepare and present regular reports to the board and senior management on financial crime risks, compliance status, and the effectiveness of mitigation measures. Ensure transparency and accountability in financial crime governance.

Qualifications and Experience

To excel in this role, candidates must demonstrate a proven track record in financial crime prevention, compliance, or a related field, with a minimum of 15 years of progressive experience in the financial services industry. The ideal candidate will hold a relevant degree in finance, law, economics, or a related discipline, and possess professional certifications such as CAMS (Certified Anti-Money Laundering Specialist), CFE (Certified Fraud Examiner), or equivalent. Strong leadership skills, exceptional analytical abilities, and a deep understanding of financial crime risks and regulatory environments are essential.

Capitex offers a dynamic and collaborative work environment, competitive compensation, and opportunities for professional growth. If you are a strategic thinker with a passion for financial crime prevention and regulatory compliance, we invite you to apply for this critical role and contribute to Capitex’s mission of maintaining the highest standards of integrity and security in the financial sector.