Assistant Vice President - AMLCTF Investigations Qatarization - Qatar National Bank

You 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 ongoing 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/ CFT regulations

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  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 Groups 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 AntiMoney Laundering Committee (NAMLC) and the Financial Information Unit (FIU) in Qatar.

• Managing the AntiMoney 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 AntiMoney 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/CTF for 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 Groups 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.

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  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 Groups compliance risk profile pertaining to its operations in so far as AML/ CTF activities are concerned.

• Strong knowledge of banking systems