Senior Correspondent Banking and Control Officer

Senior Correspondent Banking and Control Officer The Senior Correspondent Banking and Control Officer will be responsible for overseeing the administration and operations of the Correspondent Banking & Control unit, ensuring efficient service delivery to foreign clients. The role involves managing the opening of forex accounts for settlement, coordinating AML reviews, conducting due diligence on correspondent banking relationships, and assisting with the assessment of suspicious activities and financial institution (FI) transactions.

Key Responsibilities

Ensure end to end process in onboarding Nostro / Vostro / RMA relationships

Ensure end to end process in onboarding RMA relationships

Ensure end to end process in onboarding NBFI relationships

Ensure end to end process in onboarding Brokerage relationships

Conduct AML Annual Due Diligence exercise on all established relationships

Onboard relationships required by Doha Finance Limited / DB Securities Limited

Respond to all incoming KYC queries on behalf of Doha Bank Q.P.S.C. / Doha Finance Limited / DB Securities Limited

Liaise with all internal stakeholders to ensure true and correct responses are always given to the counterparties on incoming KYC queries.

Performing KYC checks on Banks and other parties for Financial Institution transactions.

Establish and maintain existing Master Risk Participation Agreements (MRPA).

Ensure end to end process in establishing and amending MRPA’s with global counterparts

Liaise with HO Finance in preparation of Budgets for vendor payments to be made for online subscription.

Manage subscriptions pertaining to IBG with external service providers by coordinating with the service providers for the renewal of services and liaise with finance team to ensure the payments have reached the service providers.

Prepare rebate report for monthly MIS

Liaise with major Nostro providers to maximize revenue share returns to DB transactions.

Liaise with Nostro providers and support Finance Recon team to ensure NO O / S entries within the time span of 30 days

Ensure correctness of Wolfsberg CBDDQ prepared for Doha Bank annually

Ensure end to end process in responding to RFIs received from counterparties

Support Internal Audit Queries

Qualifications & Experience

Bachelor’s degree in Business, Banking, Finance, or a related field.

Minimum of 5 years of experience in the financial services or banking industry, with a focus on correspondent banking and international banking.

Strong understanding of service delivery, correspondent banking practices, and financial institution transactions.

Knowledge of accounting systems, financial statements, and operational risk management.

Expertise in international banking and correspondent banking relationships.

Strong communication and problem-solving skills.

Ability to manage multiple tasks with attention to detail and adherence to deadlines.

Familiarity with AML regulations and compliance processes.

Join our team and take on a key role in ensuring the smooth functioning of our Correspondent Banking & Control unit!

Seniority Level Associate

Employment Type Full-time

Job Function Analyst, Business Development, and Management

Industries Investment Management and Investment Banking

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