QNB3462 - Associate - AML CTF Investigations

QNB3462 - Associate - AML CTF Investigations Job Purpose Summary

The incumbent will ensure that there is adequate AML / CTF system and control in place at Group level to effectively manage the Money Laundering and terrorist financing risk and enhance the Global on-going changes for both AML / CTF bodies including QCB instructions and the Financial Action Task Force (FATF), to prevent the Group from being exposed to the risk of legal / regulatory sanctions and the associated financial / reputation loss that the Group may incur / suffer as a result of failure to comply with the relevant AML / CTF regulations.

Responsibilities

Execute the AML / CTF efforts of the Group by monitoring customer daily transactions on timely basis to avoid any suspicious transactions that could lead to fines / penal actions and the consequent loss of reputation.

Implement KPI’s and best practices for Senior Associate, AML CTF Investigations.

Promote cost consciousness and efficiency and enhance productivity, to minimise cost, avoid waste, and optimise benefits for the bank.

Act within the limits of the powers delegated to the incumbent.

Assist the AML / CTF Specialist with the following on continuous basis to resolve their queries / respond to issues raised by them relating to the Group’s AML / CTF efforts : Qatar Central Bank officials; Qatar Financial Market Authority Officials; Qatar Financial Center Authorities; QNB Shariah Advisory Board; Officials from other government bodies in Qatar like ministries and QE; National Anti Money Laundering Committee (NAMLC) and the Financial Information Unit (FIU) in Qatar.

Assist the AML / CTF Specialist in managing the (AML / CTF) activities of the Group with the aim of ensuring complete and proper implementation of QCB regulations and other guidelines.

Ensure amendments to the relevant AML / CTF laws and regulations are communicated in a timely manner to the domestic entities to enable compliance.

Implement under the supervision of the AML / CTF Specialist specific tasks of the plan approved by the Group Board Audit & Compliance Committee, including periodic reviews of AML / CTF activities and testing to ensure compliance with the approved KYC policy.

Participate in assessing AML / CTF reviews conducted by business units / branches for daily and monthly reports with immediate reporting on non-compliance cases.

Assist in investigating suspicious transactions reports (STRs) received from Branch MLROs.

Participate in providing responses to AML / CTF questionnaires from correspondent banks and counterparties.

Assist in liaison with NAMLC, FIU and QCB on AML / CTF matters.

Provide assistance to the compliance team as required, and act as the backup for the AML / CTF Specialist in case of absence.

Participate in special assignments and investigations as required by the AML / CTF Specialist.

Maintain an understanding of all pertinent AML / CTF laws, regulations, policies / procedures and applicable best practices and contribute inputs to the Department’s training plan to develop / enhance the skill sets of Group Compliance personnel.

Comply with all applicable legal, regulatory and internal compliance requirements including Group Compliance Policies and Procedures (AML & CTF, Sanctions Policy, Data Protection Policy, Fraud Control Policy, Whistle Blowing Policy, Conflict of Interest and Insider Dealing Policy).

Understand and perform role under the Three Lines of Defence principle to identify, measure, monitor, manage and report risks, and support Conduct Risk policy.

Support the framework of RCSA, KRI, Incident reporting and remediation, as appropriate, in accordance with Operational Risk Management requirements.

Maintain knowledge to undertake the role and complete all mandatory training; maintain competence levels.

Prepare and document system manuals with regular updates and provide inputs to develop / enhance AML / CTF measures / initiatives and professional development for Group personnel.

Unrestricted access to information, records, personnel and property in Qatar and overseas as required for AML / CTF implementation; maintain confidentiality of information obtained in performance of duties.

Qualifications and Experience

Bachelor degree; professional qualifications such as CPA / CIA / CCO are desirable.

A minimum of 2 years’ experience in a major banking institution or in a consultancy firm.

Ability to analyse the impact of changes in relevant regulations on the Group’s compliance risk related to AML / CTF.

Sufficient knowledge of banking policies / procedures, regulatory and best practice pronouncements pertaining to AML / CTF.

Strong Microsoft Office skills (Word, Excel, Outlook).

Problem solving and decision making ability.

Sufficient knowledge of banking systems.

Assertive.

Note :

You will be required to attach the following : Resume / CV

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