Job Purpose:

Support the Financial Crime and Regulatory Compliance in the implementation of the AML/CFT Policy of the Bank to monitor customers, related parties and their transactions to ensure that they are not in breach of Qatar AML/CFT laws and regulations, and industry best practices.

Responsibilities:

Monitoring and Compliance

• Ability to conduct 360-degree Risk Based Investigation to determine the AML/CTF factor in the case and recommend required action accordingly.
• Responsible to ensure quality investigations of AML/CFT Alerts from end to end including their closure and further reporting to AML Governance for STR consideration.
• Have a good understanding of the analytical components of AML/CFT investigation, and enabling the AML Operations’ team to develop statistical models, parse data and identify red flags/patterns.
• Provide guidelines to the team in order to meet the benchmark set by AML/CFT policy and senior management recommendations.
• Assist in performing periodic reviews of AML/CTF monitoring scenarios for optimization and fine tuning.
• Present well comprised recommendations based on analysis in order to allow senior management to formulate the decisions.
• Liaise with stakeholders on QA results, red flags, trends, and best industry practices.
• Conduct interactive training sessions of team on ongoing basis.
• Ensure performance/deliverables are in accordance with the local laws, regulatory requirements and global AML/CFT best practices.
• Cascade regulatory requirements to the team and ensuring regulatory inquiries are responded in timely manner.
• Adhere to AML/CFT Operations’ Transaction Monitoring and Investigations SOP.
• Provide a monthly status update on Transaction Monitoring Alerts and Cases to senior management.
• Track SLA and Risk Appetite breaches and implement plans and controls to meet the targeted SLA and RA.
• Regularly follow up with business units and branches for TM Request for Information responses.
• Highlight encountered high-risk cases to senior management, and possible resolution options to enable them take the appropriate action to avoid consequent risk.
• Assist to investigate any suspicious transactions, follow up with branches/ business units and report to management any SLA breaches for appropriate action.
• Review and maintain KPI and KRI matrix
• Establish and maintain close collaborative working relationships with all departments.
• Work on any assigned task by the Head of AML/CFT Operations unit.

Continuous Improvement

• Contribute to the identification of opportunities for continuous improvement of systems, processes and practices taking into account international best practice, improvement of processes and productivity improvement.

Policies, Systems, Processes & Procedures

• Follow all relevant departmental policies, processes, standard operating procedures and instructions so that work is carried out in a controlled and consistent manner.

Statements and Reports

• Prepare reports and keep all AML Operations TM logs up to date.
• Assist in the preparation of timely and accurate departmental statements and reports to meet CBQ and department requirements, policies and standards.

Quality, Health, Safety, & Environment

• Ensure all relevant quality, health, safety and environmental procedures, instructions and controls are adhered to so that the safety of employees, quality of products/services and environmental compliance can be guaranteed.

Minimum Qualifications:

Bachelor degree in Business or equivalent

CAMS Certification is a must.

Minimum Experience:

4-6 years’ relevant experience in Compliance and Anti Money Laundering in bank.

Knowledge, & Other skills:

• In-depth knowledge of AML/ CTF and KYC regulations and international best practices
• Knowledge and experience of regulatory compliance
• Ability to establish and maintain good working relationships with internal stakeholders, achieve influence and support at a senior level
• Strong writing, communication, analytical and research skills
• People management experience
• A good understanding of investigative and evidence collection practices
• Established business knowledge and comprehension of financial products.
• Excellent organizational and time management skills.
• Excellent research skills including experience with online search tools.
• Advanced skills in the use of Microsoft Office, Internet and on-line research systems.
• Strong writing, analytical and communications skills.
• Proficiency in oral and written English & Arabic (Preferred).
• Ability to make decisions independently and solve problems