Money Laundering Reporting Officer (MLRO) - Qatar

About Tap

Tap Payments is revolutionizing online payments across the MENA region by connecting businesses with simple unified payment experiences. We need exceptional talent to help us on this journey.

The Compliance Team

Our compliance team believes merchant payments should be ultrasafe and secure. Thats why they work handinhand with regulators throughout the region. With the key purpose of creating a safe transaction environment for our global merchants and if you share similar beliefs this might be the team for you.

As a Tapster you will:

• Act as the MLRO responsible for ensuring that all transactions are compliant with the requirements of AML/CFT (including AFC) laws and regulations issued by the QCB
• Ensure compliance with the requirements of FC Module.
• Monitor both domestic and international changes in applicable regulation and ensure that all relevant developments/changes are communicated to concerned staff.
• Establish and maintain adequate systems controls and policies to meet the requirements of the QCB and other applicable regulators.
• Develop and strengthen relationships with department heads and staff to promote best practice and ensure prevailing a good understanding of AML and CFT as well as other FC Module requirements as necessary.
• Review and verify the adequacy of Know Your Customer (KYC) information to ensure that business is conducted in compliance with all relevant regulatory obligations report to management all significant exceptions and to check the actual or potential breaches are investigated and remedied promptly.
• Report to the QCB on the process of AML implementation as required.
• Responsible for the KYC periodical reviews and for developing discrepancies reports as required.
• Arrange for implementing an AML training program and for the development and delivery of internal and external AML awareness plans.
• Develop AML CFT and antifraud policies and programs as applicable/required.
• Oversee of daily review investigation of customers who have been escalated by the AFC unit.
• Exercise decisionmaking authority over the business on requests received from the QCB.
• Oversee the analysis of the suspicious behaviours to confirm or discharge the suspicions act.
• Oversee and maintain logs records keeping all investigation results reports and documents.
• Responsible for the development & delivery of all QCB related reports.
• Create and amend scenarios and their thresholds and parameters according to the customers behaviour and riskbased approach.
• Responsible for the annual review of the efficiency and effectiveness of the transaction monitoring process.
• Responsible for the full delivery of the AML (and AFC) department projects such as acquiring or developing systems and controls.
• Creating and maintaining the AML/AFC risk registers.
• Handle audit requirements and inspections related to AML/CFT matters. Collaborate with audit teams as necessary.
• Develop review and update AML/CFT policies procedures and guidelines to align with changing regulations and industry best practices.
• Monitor transactions against lists of sanctioned persons entities or countries issued by government and competent authorities and ensure the companys compliance with sanctions and embargoes.

What you will bring to the party:

• Minimum of 7 years practical experience in an audit/monitoring or Payment Services or Financial Services environment
• Project management presentation and report writing skills
• Excellent communication and interpersonal skills
• Analytical skills
• Attention to detail
• Highly PC literate
• Industry knowledge Payment services or financial services
• Understanding of GCC regulations or other international financial regulatory bodies
• Understanding of regulatory framework
• Resident in Qatar
  
• Excellent communication skills in English with a preference for Arabic language ability

A MLRO must be approved by the Qatar Central Bank prior to his/her appointment. The position of MLRO is a controlled function as per the QCBs Rulebook Financial Crime (FC) Module and the MLRO is an approved person.


Are you ready to shape the future of payments in MENA

Key Skills
English,Communication,Data Mining,Journalism,Corporate Attorney
Employment Type : Full Time
Experience: years
Vacancy: 1