Senior Compliance Counsel

The Islamic Development Bank (IsDB) is seeking a Senior Compliance Counsel to join its compliance function in Jeddah, Saudi Arabia. This is a fixed-term contract position for a senior professional responsible for protecting the Bank against financial crime, sanctions violations, and integrity risks across its global development finance operations.

Key Responsibilities

• Review, assess, and update compliance policies, procedures, controls, and systems to maintain alignment with international standards
• Conduct Know Your Customer (KYC), Customer Due Diligence (CDD), and Enhanced Due Diligence (EDD) reviews on counterparties
• Perform beneficial ownership analysis and execute sanctions screening for transaction counterparties
• Support risk-based monitoring programmes and identify material changes in counterparty status
• Review and escalate transaction-screening alerts and suspicious activity findings
• Provide advisory guidance on anti-money laundering (AML), counter-terrorism financing (CFT), sanctions, and integrity compliance matters
• Develop country risk assessments and financial-crime typology reports
• Design and deliver compliance training and awareness sessions for staff at all levels
• Coordinate with other multilateral development banks and international organizations on shared compliance initiatives

Requirements

• Master's degree in Law, Business Administration, Finance, Accounting, Economics, or Risk Management
• Minimum 8 years of professional experience in compliance, legal, banking, finance, audit, or risk management
• Hands-on experience with KYC/CDD/EDD processes, AML/CFT, and sanctions compliance
• Demonstrated ability to draft compliance policies and deliver advisory services
• Strong technical knowledge of AML/CFT and sanctions regulations
• Excellent research, analytical, written, and verbal communication skills
• Ability to manage multiple priorities in a multicultural, international environment
• Fluent English (mandatory); Arabic and French preferred