Senior Associate - AML CTF Investigations ( Qatarization)

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.

Essential Duties & Responsibilities by Dimensions:

A. Shareholder & Financial:

• 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.
• Implements 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.
• Implements KPI’s and best practices for Senior Associate, AML CTF Investigations.
• Act within the limits of the powers delegated to the incumbent.

B. Customer (Internal & External):

• 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 Shariaa 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.

C. Internal (Processes, Products, Regulatory):

• 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
• Assist the AML/CTF Specialist to ensure that the amendments to the relevant AML/ CTF laws and regulations are communicated in a timely manner to the domestic entities to enable them to comply with the same.
• Implement under the supervision of the AML/CTF Specialist specific tasks of the plan approved by the Group Board Audit & Compliance Committee for the Group’s entities by performing periodic review of the AML/ CTF related activities conducted at the entities included within the plan. This will include testing conducted to ensure compliance with the approved KYC policy.
• Participate in assessing the AML/CTF review conducted by the business units / branches for the daily and monthly reports with immediate reporting on non-compliance cases.
• Assist the AML/CTF Specialist to investigate suspicious transactions reports (STRs) received from the Branch MLROs
• Participate in providing responses to the AML/CTF questionnaire received from correspondent banks and counterparties.
• Assist in liaison with the NAMLC, FIU and QCB with respect to AML/ CTF related matters.
• Provide assistance to the compliance team as and when required, and act as the backup for the AML/CTF Specialist in case of his absence.
• Participate in special assignments and investigations as and when required by the AML/CTF Specialist.

D. Learning & Knowledge:

• Maintain an understanding of all pertinent AML/CTF laws, regulations, policies/ procedures and applicable best practices pertaining to the Group’s operations/ activities. Provision of inputs to the Department’s training plan and thereby develop/ enhance the skill sets of Group Compliance personnel with respect to AML/ CTF measures/ initiatives and provide them with opportunities for career development. Also, identify areas for professional development of self and other Group Compliance personnel.

E. Legal, Regulatory, and Risk Framework Responsibilities:

• Comply with all applicable legal, regulatory and internal compliance requirements including, but not limited to, 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 effectively perform your role under the Three Lines of Defence principle to identify measure, monitor, manage and report risks. - Ensure systematic good outcomes for clients in accordance with Conduct Risk policy.

• Support the framework of RCSA, KRI, Incident reporting and remediation, as appropriate, in accordance with the Operational Risk Management requirements.
• Maintain appropriate knowledge to ensure full qualification to undertake the role.
• Complete/attend all mandatory training provided by the Bank, attain, and maintain the required levels of competence.
• Maintain an excellent understanding of all pertinent AML/CTF laws, regulations, policies/ procedures and applicable best practices pertaining to the Group’s domestic operations/ activities.
• Prepare and document all the system manuals with regular update.
• Provision of inputs to the Department’s training plan and thereby develop/ enhance the skill sets of Group Compliance personnel with respect to AML/ CTF measures/ initiatives and provide them with opportunities for career development. Also, identify areas for professional development of self and other Group Compliance personnel.

F. Other:

• Unrestricted access at any time to all information, records, personnel and property in Qatar and overseas (as and when applicable) is required for effective AML/CTF implementation.
• Maintain utmost confidentiality with respect to the information obtained during the day-to-day performance of his duties/ responsibilities.

Education/Experience Requirements:

• Bachelor degree; professional qualifications such as CPA/CIA/CCO is desired.
• A minimum of 2 years’ experience in a major banking institution or in a consultancy firm.

Ability to analyse the impact of changes in the relevant regulations on the Group’s compliance risk profile pertaining to its operations as far as AML/ CTF activities are concerned.

• Sufficient knowledge of banking policies/ procedures, regulatory and best practice pronouncements pertaining to AML/ CTF.
• Strong Microsoft Office skills (e.g., Word, Excel, Outlook).
• Problem solving and decision making ability.
• Sufficient knowledge of banking systems.
• Assertive.

Note: you will be required to attach the following: