Compliance Officer, Wholesale Banking

About Commercial Bank Of Qatar

Commercial Bank, founded in 1975 and headquartered in Doha, plays a vital role in Qatar’s economic development by offering a range of personal, business, government, international and investment services.

We believe in empowering our employees, providing them with opportunities for growth and professional development. By joining us, you’ll be part of a workplace culture that fosters innovation, supports work‑life balance, and encourages you to reach your full potential. Join us in shaping the future of banking!

You will be required to perform the following functions, which will be a full‑time job covering FIs/Banks like Correspondent Banks (Vostro & Nostro relationships) and Internal or RMA‑based accounts.

• KYC related policies:
  Up‑to‑date with the latest KYC policies from our Compliance/QCB/QFMA. Full compliance with Bank’s Compliance policies, procedures and standard of ethic, integrity and scheme regulations.
• KYC Process:
  Ongoing KYC (OCDD):
  Based on the customer risk grading (RGS), obtaining and verifying all customers relevant KYC/AML information/documents obtained from different sources [not limited to Banker’s Almanac (Due Diligence pack) and/or Swift KYC Registry and/or from the banks directly… etc.] and complete the KYC checklist, Name Screening of Shareholders/UBOs/Key controllers, and submitting the OCDD case in CRM for business and compliance review and approvals as per the IBD DoA (KYC section).
• Onboarding new clients:
  Obtaining and reviewing the required CDD/KYC documents in addition to the required approvals as per the IBD DoA (KYC section) and RGS criteria.
• Internal systems (CRM/Equation/Documentum etc):
  Familiarize with system for populating customer‑based information along with documentation of each KYC in respective application given that the expertise will be developed over time based on system usage.
• External inquiries (KYC or RFIs):
  Proactively communicate with FI Relationship Manger of respective portfolio along with Compliance to address the Regulator and Correspondent Banks KYC/Compliance related enquiries in a timely manner.
• Housekeeping: RGS:
  Annual or Periodic review of RGS (Risk grading based on Compliance/CRC criteria) of FI portfolio.
• Maintenance of FI KYC database: KYC status update on the excel sheet on daily basis; KYC Deferrals; close follow‑ups of any open KYC cases. In addition to working with treasury to ensure their cases are completed in a timely manner.
• Keeping the KYC‑related SOPs and IBD DoA up to date: which is reviewed periodically or owing to changes due to Business or Compliance requirements.
• CRM and/or Equation:
  To ensure that all the FI related customer data and documents are updated in the CRM or Equation system (eg, Risk Matrix, Customer type, Sundry analysis etc.).
• Internal Audit or Compliance or Quality Assurance (QA) review:
  Any observations or Business Risk Assessments or Business Self‑Assessment to be addressed on a timely manner and ensure closure.
• Periodic reporting: FI KYC status update to be provided to Compliance for monthly CRC meetings and Weekly status update in FI weekly pipeline meetings.
• Initiatives:
  Contribute to the overall successful implementation of all transformation and projects within the bank/ department related to KYC matters.

• Completion of at least 3 Banks KYC process daily or as per the monthly KYC completion count decided in the beginning of year.
• Taking ownership on follow‑ups with Bank customers for missing KYC documents.
• Completion of the KYC checklist and chasing Compliance team for approvals.
• Maintain active database of Banks where KYC is completed, work‑in‑progress or the process is yet to start.

Internal

• FI, International Banking, Treasury, Investments, Accounts Opening/Corporate Onboarding, Credit Risk and Compliance (AML Ops / AML Governance / Sanctions Governance), Institutions or Treasury operations or Finance depending on the enquiry type.

External

• Banks (Local and International), Service providers (external repositories for Bank related KYC/UBO information/documents) like Banker’s Almanac, Bank Focus, Swift KYC Registry etc.