QNB-Associate, AML CTF Investigations; Qatarization

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.

A. 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

B. Customer (Internal & External):

• 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.

C. 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 plan. This will include testing conducted to ensure compliance with the approved KYC policy.

• Identify any deviations from the approved annual plan to the Head of Global, AML/CTF together with reasons for the same.

• Participate in assessing the AML/CTF review conducted by the business units / branches for the daily and monthly reports with immediate reporting on non-compliance cases.

• Review and investigate suspicious transactions reports (STRs) based on his own review/ communications received from the Branch MLROs and escalated cases that appear to be risky to the Senior Vice President
  - Global AML CTF for his review/ action.

• Submit draft reports covering the AML/ CTF reviews conducted at each domestic entity to the Senior Vice President
  - Global AML CTF for his review.

• Participate in providing responses to the AML/ CTF questionnaire received from correspondent banks and counter parties.

• Assist in liaison with the NAMLC, FIU and QCB with respect to AML/ CTF related matters.

• Provide assistance to the compliance team as and when required, and act as the backup for the Compliance Manager in case of his absence.

• Participate in…