Abdullah Alghofaili

- Supervise, guide, and assist direct reports to perform daily activities in accordance with the policies and
procedures.
- Conduct sanctions investigations, including escalating high-risk businesses to proactively mitigate the firm's risk
exposure.
- Follow up on a continuous basis with departments where compliance/AML risk has been identified, to ensure that
remedial action is taken.
- Prepare quarterly and yearly reports to management.
- Reviewing new BRDs for new products and services, and making sure that they comply with the compliance and
Financial Crimes policies and procedures.
- Ensure that new sanctions and embargo measures are introduced by preparing work instructions, ensuring,
developing suitable tools, and managing business processes.
-Make sure that all sanctioned true match alerts are reported to the AML investigation unit.
- Review and manage sanction parameters and thresholds, and make sure that its applied effectively.
- Make sure that all sanction updates and list updates are implemented in the sanction system.
- Review and manage high-risk customer acceptance calculation parameters.
- Support the compliance team to close any observations by SAMA or an external auditor.

• Monitoring sanctions department activities.
• Apply risk assessments against the services and products related to sanctions.
• Follow up with the new sanctions' updates and restrictions.
• Implementing new controls and restrictions based on the sanction's updates.
• Review Business Requirements Document “BRD's”.
• Enhance sanctions systems.
• Responded to the questionnaires of the correspondent banks.
• Build sanctions controls.
• Prepare sanctions reports.
• Periodic review of the correspondent bank's relationship.
• Responded to inquiries from the business sector regarding sanctions.
• Prepare monthly reports for risk incidents.
• Manage and close SAMA, internal audit observation.
• Develop & improve policy and procedures.

• Conduct sanctions screening on individuals, entities, Vendors, and correspondent banks.
• During the starting relationship and during the relationship.
• Conduct sanctions screening for the international remittances for both parties “sender, beneficiary”.
• Responded to inquiries from the business sector regarding sanctions.
• Reflect the SAMA daily updates for freeze/unfreeze against STC Bank customers.
• Monitoring and investigating sanctions transactions as well as applying EDD.
• Responded to clients' inquiries for hold, reject, …etc.
• Transactions or onboarding.
• Review, monitor, and respond to the PEP clients during the onboarding stage.
• Processing on an annual basis more than 500 K cases.
• Working shifts during the business day, weekends, and holidays.

• Apply regulations, by analyzing and reviewing, in order to implement external regulatory requirements.
• Assisting the team with procedures, and policies and keeping up with the new regulatory requirements and developments.
• Establishing effective processes by understanding client's needs and requirements.
• Achieving compliance standards and specifications by determining, negotiating, and agreeing upon procedures.
• Providing real-time compliance advice to all levels of business regarding rules, policies, and regulations.