Role Overview
The Anti-Money Laundering (AML) Compliance Specialist plays a key role in ensuring ZAD’s operations fully comply with the laws, regulations, and best practices related to Anti-Money Laundering (AML), Counter-Terrorism Financing (CTF), and Know Your Customer (KYC) procedures. The role focuses on developing, monitoring, and enforcing AML frameworks across all business lines — including local and international markets — to maintain ZAD’s commitment to ethical and transparent financial conduct.
Key Responsibilities
Implement, monitor, and continuously improve AML and CTF policies and procedures in line with local and international regulatory requirements.
Conduct customer due diligence (CDD) and enhanced due diligence (EDD) reviews for high-risk accounts and transactions.
Oversee transaction monitoring systems and analyze alerts to identify potential suspicious activities.
Prepare, review, and submit Suspicious Transaction Reports (STRs) and other filings to the relevant authorities, including the Kuwait Financial Intelligence Unit (KFIU) and the Capital Markets Authority (CMA).
Maintain updated knowledge of all relevant AML/CFT laws, regulations, and global standards (CMA, CBK, FATF, OFAC, etc.).
Support the compliance training program by educating employees on AML/CTF risks and policies.
Collaborate with the KYC and Operations teams to ensure compliance is embedded in client onboarding and trading processes.
Maintain detailed audit trails and documentation for internal and external reviews.
Assist in periodic AML risk assessments, internal audits, and regulatory inspections.
Recommend and help implement system enhancements to strengthen transaction monitoring, risk detection, and compliance automation.
Qualifications & Experience
Bachelor’s degree in Finance, Law, Accounting, Economics, or a related field.
3-5 years of experience in AML/CTF compliance, preferably within a fintech, brokerage, or financial institution regulated by the CMA or CBK.
Strong understanding of local and international AML/CTF laws and regulations (including FATF, CBK, CMA, and AMLD).
Experience with transaction monitoring tools, compliance management systems, and digital KYC solutions.
Certification in AML (e.g., CAMS, ICA, or equivalent) is preferred.
Excellent analytical, investigative, and reporting skills.
Strong communication skills, with the ability to work cross-functionally across departments and jurisdictions.
Competencies
High ethical standards and professional integrity.
Strong attention to detail and analytical thinking.
Ownership and accountability in decision-making.
Proactive problem-solving and ability to work under pressure.
Clear and structured communication across internal and external stakeholders