Sara Alghamdi

Experience

• 

  Riyad Bank

  Apr 2010 - Sept 2018

  - Identifying Compliance risk areas and developed corrective action plans to mitigate risks.- Reviewing policies, processes, contracts, and forms to ensure complying with regulatorystandards.- Conducting risk assessments on new products and services, providing Complianceinterpretations as needed. - Supporting Compliance team in reviewing policies, procedures, CR, contracts and forms.- Assisting in the risk assessment process for new banking products and services.- Conducting Compliance quality assurance and contingency plans. - Developing and documenting policies and procedures, ensuring alignment with regulatoryrequirements.- Creating process maps to enhance operational efficiency. - Supporting in policies and procedures development and documentation.- Assisting in products and services forms and contracts creation. - Translating procedures, policies, forms, and contracts from Arabic to English and vice versato ensure clarity and compliance.

  • Senior Compliance Officer

    Jan 2018 - Sept 2018

  • Compliance Associate

    Feb 2015 - Dec 2017

  • Senior Specialist

    May 2013 - Jan 2015

  • Procedures Documentation Specialist

    Aug 2011 - Apr 2013

  • Translator, Procedures and Documentation Dept

    Apr 2010 - Jul 2011
• 

  Al Rajhi Bank

  Nov 2018 - Mar 2019

  Senior Specialist

  - Developing and implementing training programs to enhance Compliances culture and awarenessamong employees.- Analyzing suspicious transactions for money laundering and terrorism financing.- Advising on KYC requirements and regulatory Compliance for banking operations.

• 

  بنك البلاد | Bank Albilad

  Apr 2019 - now

  - Leading and overseeing the development and execution of compliance monitoring frameworks to ensure alignment with regulatory requirements.- Conducting regular in-depth compliance assessments and risk analyses to identify gaps, mitigate risks, and recommend actionable solutions that strengthen organizational integrity and operational effectiveness.- Acting as a key advisor on compliance and implementation matters, ensuring continuous improvement and alignment with evolving legal and regulatory environments. - Developing and delivering executive-level reports communicating critical insights on compliance performance, risks, and corrective action plans to senior management and key stakeholders.- Collaborating cross-functionally to facilitate the seamless implementation of regulatory law and regulations, ensuring alignment with business objectives and compliance mandates.- Overseeing the end-to-end process of Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) regulatory reporting, ensuring accurate and timely submissions in accordance with global and local regulatory requirements.- Leading the identification, classification, and due diligence review of reportable accounts under FATCA and CRS frameworks, ensuring proper documentation and validation processes are in place.- Coordinating with internal stakeholders, to gather, verify, and analyze customer and account data required for FATCA and CRS reporting.- Preparing and submitting high-quality FATCA and CRS reports to relevant tax authorities, ensuring accuracy, completeness, and adherence to prescribed formats and deadlines. Show less - Leading KYC projects including gap analysis, updating and creating procedures, and ensuring regulatory Compliance.- Reviewing and approving high-risk account openings and updates, conducting regular reviews on high-risk accounts and relationships.- Enhancing KYC and EDD systems to ensure Compliance with AML regulations and Account Opening rules.- Providing Compliance advice on account management, ensuring alignment with KYC, EDD, and AML regulations.- Collaborating with cross-functional teams to improve Compliance processes and systems. Show less

  • Monitoring & Follow up Compliance Manager

    Mar 2025 - now

  • Accounts Compliance Manager

    Nov 2020 - Feb 2025

  • Accounts Compliance Assistant Manager

    Apr 2019 - Oct 2020