Posted Oct 24, 2026 6 views
We are looking for a seasoned Financial Crime Compliance professional to lead the Transaction Monitoring System (TMS) function at Raqami Bank. This role is pivotal in ensuring the effective monitoring, detection, investigation, and escalation of suspicious transactions, unusual customer behavior, sanctions-related risks, and potential money laundering activities. The successful candidate will contribute significantly to strengthening the Bank’s AML/CFT control framework, enhancing financial crime monitoring capabilities, and mitigating regulatory, financial, and reputational risks.
Key Responsibilities
- Lead and manage the Bank’s Transaction Monitoring System operations and monitoring framework.
- Oversee the review and investigation of alerts generated by transaction monitoring systems.
- Ensure suspicious transactions and unusual customer activities are properly identified, investigated, and escalated.
- Monitor the effectiveness of TMS and recommend improvements to monitoring rules, scenarios, thresholds, and controls.
- Ensure compliance with SBP AML/CFT Regulations, FATF standards, sanctions requirements, and internal policies.
- Conduct quality assurance reviews of transaction monitoring investigations and case management activities.
- Collaborate with Compliance, Risk, Operations, Technology, and Business teams to enhance monitoring capabilities.
- Oversee Suspicious Transaction Reporting (STR) and internal escalation processes.
- Analyze emerging AML/CFT risks, typologies, and financial crime trends affecting the Bank.
- Perform periodic reviews and tuning of monitoring scenarios to reduce false positives and improve alert quality.
- Support sanctions screening, name screening, and high-risk customer monitoring initiatives.
- Coordinate with Technology teams on system upgrades, monitoring enhancements, and automation projects.
- Develop monitoring dashboards, management reports, and compliance MIS.
- Support internal audits, compliance reviews, regulatory inspections, and independent testing exercises.
- Monitor regulatory changes and ensure TMS processes remain aligned with evolving requirements.
- Lead staff training and awareness programs related to transaction monitoring and AML/CFT compliance.
- Build, mentor, and develop a high-performing transaction monitoring team.
Required Qualifications
- Minimum 7–10 years of experience in banking and financial services, with significant exposure to AML/CFT Compliance, Transaction Monitoring, Financial Crime Compliance, Sanctions Compliance, Regulatory Compliance, and Banking Operations.
- At least 3–5 years of leadership experience within Transaction Monitoring, AML Operations, or Financial Crime Compliance functions.
- Bachelor’s degree in Finance, Banking, Business Administration, Economics, Accounting, Law, Information Systems, or a related field.
Preferred Qualifications and Additional Information
- A Master’s degree is preferred.
- Experience in Digital Banking, Islamic Banking, Payments, Remittances, and SME Banking environments will be highly advantageous.
- Strong skills in AML/CFT monitoring, transaction monitoring systems, financial crime risk management, sanctions compliance, suspicious transaction investigations, alert management, case investigation, monitoring analytics, AML governance frameworks, risk assessment, data analytics, AML systems tuning, stakeholder management, and team leadership are essential.
Raqami Bank is an equal opportunity employer committed to fostering an inclusive workplace. We encourage applications from all qualified individuals, including Persons with Disabilities (PWDs). We strive to create an environment where everyone has the opportunity to succeed.
Application Deadline: October 30, 2026
Job Details
Raqami Islamic Digital Bank
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