Tanfeeth Officer

About the Role

Trade Bank of Iraq's Saudi Arabia Branch is looking for a Tanfeeth Officer to join their Operations team in Riyadh. This position is essential for managing financial enforcement activities, ensuring all judicial banking orders are received, validated, entered, and processed accurately within specified timeframes. The officer will uphold compliance with Saudi Central Bank (SAMA) directives and local laws while maintaining confidentiality, meticulous records, and effective internal controls.

Key Responsibilities

• Continuously monitor approved channels such as Tanfeeth and SAMA Net for incoming enforcement and judicial banking instructions.
• Validate each order, confirming customer information, order type, amounts, references, and actions before processing.
• Identify all applicable customer accounts and banking relationships related to each request.
• Process instructions including disclosure, attachment, freezing, release, forced deductions, transfers, and account restrictions using authorized systems.
• Apply attachments only to amounts specified in official orders, restrict debits when balances are insufficient, but allow credits as appropriate.
• Track subsequent credits to fulfill required amounts or until official amendments or releases are received.
• Accurately identify and handle funds exempt from attachment according to relevant codes and legal release percentages.
• Prepare comprehensive system responses and evidence, submitting transactions to authorized checkers for review.
• Only transfer attached funds following receipt of proper official instructions and internal approvals.
• Perform daily reconciliations of all orders processed or pending and resolve discrepancies promptly.
• Immediately report ambiguous, conflicting, duplicate, high-risk, or failed requests to the Tanfeeth Manager.
• Maintain thorough electronic records, supporting documents, and audit trails in compliance with the bank’s policies.
• Safeguard customer confidentiality, using enforcement data strictly for authorized purposes.
• Report and assist in resolving processing errors, delays, system access issues, or incidents.
• Participate in relevant system testing, procedural reviews, business continuity drills, and cross-training efforts.

Candidate Profile

• Possess a bachelor's degree in Banking, Finance, Accounting, Law, Business Administration, or a related field from a recognized institution.
• At least 1 year of experience in banking operations; prior experience with financial enforcement, judicial orders, or account restrictions is preferred.
• Working knowledge of banking practices and regulatory requirements within Saudi Arabia is advantageous.
• Strong understanding of bank accounts, customer relationships, and core banking platforms.
• Familiarity with SAMA regulations around disclosure, attachment, release, transfer, and exemption of funds.
• Excellent accuracy in data entry, verification, and numerical review.
• High discipline and attention to detail when managing confidential, time-sensitive requests.
• Knowledge of maker-checker controls and segregation of duties.
• Good organizational skills with the ability to manage heavy workloads and strict deadlines.
• Proficiency in Microsoft Office applications, especially Excel.
• Fluency in Arabic and competent English communication skills, both written and spoken.