Assistant Vice President - AML/CTF Investigations

Employer: Qatar National Bank (QNB)
Location: Doha, Qatar
Salary: See description
Closing date: Jul 6, 2023

Job Function: Compliance/Regulatory
Industry Sector: Finance - General
Employment Type: Full Time
Education: Bachelors

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Role Description

Manage the AML/CFT efforts 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
Liaise with the following on continuous basis to resolve their queries/ respond to issues raised by them relating to the Group's AML/ CFT 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.
Managing the Anti-Money Laundering (AML) activities of the Group with the aim of ensuring complete and proper implementation of QCB regulations and guidelines regarding AML/ CFT, including pronouncements/ directives issued by the NAMLC and the FIU.
Managing the Anti-Money Laundering (AML) activities with the aim of ensuring complete and proper implementation of QCB regulations and guidelines regarding AML/ CFT, including pronouncements/ directives issued by the NAMLC and the FIU.
Follow and enhance the AML/ CFT policy manual and procedures in line with amendments to existing local laws and regulations and applicable international regulations pertaining to AML/ CFT. Also, ensure that the amendments to the relevant AML/ CFT laws and regulations are communicated in a timely manner to the domestic entities to enable them to comply with the same.
Review and investigate suspicious transactions reports (STRs) based on his own review/ communications received from the Branch MLROs and escalate cases that appear to be risky to the Head of Global AML/CFT for his review/ action.
Submit draft reports covering the AML/ CFT reviews conducted at each domestic entity to the Head of Global AML/CTFfor review.
Participate in providing responses to the AML/CFT questionnaire received from correspondent banks and counterparties.
Assist in liaison with the NAMLC, FIU and QCB with respect to AML/ CFT related matters.
Provide input regarding the selection of a system and the generation of reports there from to support the Group's AML/ CFT efforts and ensure subsequent implementation of the system across the various Group entities.
Coordinate efforts with the Branch Managers to ensure that they are checking/ reviewing the relevant reports generated by the system.

Qualifications

Bachelor degree with professional qualifications such as CCO/ CIA/ CPA
A minimum of 10 years of experience in a major banking institution or regulatory agency out of which 5 years should be in a supervisory role relating to Compliance or Internal Audit
Solid experience of working in financial services. AML Compliance specific experience preferred
Strong understanding of the requirements of the Money Laundering Regulations and the Joint Money Laundering Steering Group Guidance
Experience of managing external relationships, with the confidence to approach people at all levels
Strong analytical skills required to organize and analyze multiple, complex data sets
Excellent report writing skills
Knowledge of the legal and regulatory framework and the regulatory environment
Ability to analyze the impact of changes in the relevant regulations on the Group's compliance risk profile pertaining to its operations in so far as AML/ CTF activities are concerned.
Strong knowledge of banking systems

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