QNB- Associate, AML CTF Investigations; Qatarization

Established in 1964 as the country’s first Qatari-owned commercial bank, QNB Group has steadily grown to become the largest bank in the Middle East and Africa (MEA) region.

QNB Group’s presence through its subsidiaries and associate companies extends to more than 31 countries across three continents providing a comprehensive range of advanced products and services. The total number of employees is more than 28,000 serving up to 20 million customers operating through 1,000 locations, with an ATM network of 4,300 machines.

QNB has maintained its position as one of the highest rated regional banks from leading credit rating agencies including Standard & Poor’s (A), Moody’s (Aa3) and Fitch (A+). The Bank has also been the recipient of many awards from leading international specialised financial publications.

Based on the Group’s consistent strong financial performance and its expanding international presence, QNB currently ranks as the most valuable bank brand in the Middle East and Africa, according to Brand Finance Magazine.

QNB Group has an active community support program and sponsors various social, educational and sporting events.

The incumbent 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 on-going 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/ CTF regulations.

• Shareholder & Financial:
• Manage the AML/CTF efforts of the Group 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.
• Implements KPI’s and best practices for Associate, AML CTF Investigations
• Promote cost consciousness and efficiency and enhance productivity, to minimise cost, avoid waste, and optimise benefits for the bank.
• Act within the limits of the powers delegated to the incumbent
• Customer (Internal & External):
  
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• Liaise with the following on continuous basis to resolve their queries/ respond to issues raised by them relating to the Group’s AML/ CTF 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.
• Internal (Processes, Products, Regulatory):
• Assist in 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/ CTF, including pronouncements/
• directives issued by the NAMLC and the FIU.
• Amend the AML/ CTF policy manual and procedures in line with amendments to existing local laws and regulations and applicable international regulations pertaining to AML/ CTF. Also, ensure that the amendments to the relevant AML/ CTF laws and regulations are communicated in a timely manner to the entities to enable them to comply with the same.
• Develop the draft AML/ CTF plan detailing the branches/ units to be covered and the rationale for their selection for review by the Senior Vice President
  - Global AML CTF.
• Implement the plan approved by the Group Board Audit & Compliance Committee for the Group’s domestic entities by performing periodic review of the AML/ CTF related activities conducted at the entities included within the…