Assistant Vice President - AML/CTF Investigations

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/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 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