Key Accountabilities

• Organise and supervise the activities and work of subordinates (AML Governance team) to ensure that all work within a specific area of the activity is carried out in an efficient manner which is consistent with operating procedures and policy.
• Develop, maintain and update the Bank’s operating procedures in the area of AML/CFT and direct the implementation of related processes and controls, so that all AML/CFT activities are conducted in compliance with the approved procedures.
• Provide strong oversight of the AML/CFT transaction monitoring process (by the AML Governance team) to ensure that all detected unusual and/or suspicious activities are being investigated and reported in line with applicable AML regulations in order to protect the interests of the Bank from regulatory criticism, financial penalties and reputational damage.
• Provide constructive feedback to subordinates on the improvement of the quality of suspicious transactions reports (STRs) filed with the QFIU.
• Provide oversight on the progress of OCDD and event driven reviews of CDD conducted by business including the review of account activities of High Risk customers.
• Review all cases to be presented to Exit Committee (primarily due to STRs filed on a customer or a customer was carrying out business activities in his/her person account or customer was involved in unauthorized trade of crypto-assets or crypto-currency) and provide constructive feedback re materiality of risk should such customers are not exited from the Bank.
• To inform QCB for Commercial Bank’s Decision to Terminate a Business Relationship with Customers.
• Provide an effective oversight on the end to end process of approving a high risk customers such as PEP, Cash Intensive businesses, non-resident customers etc.

Skills

Other Accountabilities

• Address all queries from the 1LoD and 2LoD of the Bank regarding applicable AML/CFT requirements to enable them to take appropriate course of action within their units.
• Provide strong oversight on the execution of account blocking and funds freezing orders received from Public Prosecution Office, NCTC, QCB and QFIU.
• Ensure timely preparation and submission of the bank’s periodic regulatory reporting to Qatar Central Bank, including quarterly, semi-annual reports and QANNAS report.
• Ensure that the review of periodic AML reports produced by CBIU (such as high risk Trade Finance transactions, recurring AML withdrawals, recurring salary payments etc.) is being carried out in accordance with the approved logics to detect and report the relevant AML/CFT typologies.
• Provide strong oversight to ensure that QCB and Audit observations are timely attended and remediated before deadlines;
• Provide support in the periodic model validation of AML/CFT monitoring system to ensure that AML/CFT monitoring system is operating as per its design and is providing the required result. Model validation of AML/CFT monitoring system may include but not limited to: (i) assessing the efficacy of certain scenarios; (ii) proposing new scenarios to cater new AML/CFT topologies; or (iii) system optimization to reduce false-positive and false-negative hits etc.
• Participate in the implementation of AML/CFT related initiatives and projects undertaken to optimize the Bank’s AML/CFT programme.

Education

• Bachelor’s Degree, in Business-related major