Assistant Manager – AML/CFT Investigations – Commercial Bank

Company: Full Time Jobs in Qatar Sector: Accounting, Finance & Banking
  • Location: Doha, Qatar View on Map
  • Date Posted : May 5, 2024
  • Salary: Negotiable

About the job

Job Purpose:

Support the Financial Crime and Regulatory Compliance in the implementation of the AML/CFT Policy of the Bank to monitor customers, related parties and their transactions to ensure that they are not in breach of Qatar AML/CFT laws and regulations, and industry best practices.


Monitoring and Compliance

  • Ability to conduct 360-degree Risk Based Investigation to determine the AML/CTF factor in the case and recommend required action accordingly.
  • Responsible to ensure quality investigations of AML/CFT Alerts from end to end including their closure and further reporting to AML Governance for STR consideration.
  • Have a good understanding of the analytical components of AML/CFT investigation, and enabling the AML Operations’ team to develop statistical models, parse data and identify red flags/patterns.
  • Provide guidelines to the team in order to meet the benchmark set by AML/CFT policy and senior management recommendations.
  • Assist in performing periodic reviews of AML/CTF monitoring scenarios for optimization and fine tuning.
  • Present well comprised recommendations based on analysis in order to allow senior management to formulate the decisions.
  • Liaise with stakeholders on QA results, red flags, trends, and best industry practices.
  • Conduct interactive training sessions of team on ongoing basis.
  • Ensure performance/deliverables are in accordance with the local laws, regulatory requirements and global AML/CFT best practices.
  • Cascade regulatory requirements to the team and ensuring regulatory inquiries are responded in timely manner.
  • Adhere to AML/CFT Operations’ Transaction Monitoring and Investigations SOP.
  • Provide a monthly status update on Transaction Monitoring Alerts and Cases to senior management.
  • Track SLA and Risk Appetite breaches and implement plans and controls to meet the targeted SLA and RA.
  • Regularly follow up with business units and branches for TM Request for Information responses.
  • Highlight encountered high-risk cases to senior management, and possible resolution options to enable them take the appropriate action to avoid consequent risk.
  • Assist to investigate any suspicious transactions, follow up with branches/ business units and report to management any SLA breaches for appropriate action.
  • Review and maintain KPI and KRI matrix
  • Establish and maintain close collaborative working relationships with all departments.
  • Work on any assigned task by the Head of AML/CFT Operations unit.

Continuous Improvement

  • Contribute to the identification of opportunities for continuous improvement of systems, processes and practices taking into account international best practice, improvement of processes and productivity improvement.

Policies, Systems, Processes & Procedures

  • Follow all relevant departmental policies, processes, standard operating procedures and instructions so that work is carried out in a controlled and consistent manner.

Statements and Reports

  • Prepare reports and keep all AML Operations TM logs up to date.
  • Assist in the preparation of timely and accurate departmental statements and reports to meet CBQ and department requirements, policies and standards.

Quality, Health, Safety, & Environment

  • Ensure all relevant quality, health, safety and environmental procedures, instructions and controls are adhered to so that the safety of employees, quality of products/services and environmental compliance can be guaranteed.

Minimum Qualifications:

Bachelor degree in Business or equivalent

CAMS Certification is a must.

Minimum Experience:

4-6 years’ relevant experience in Compliance and Anti Money Laundering in bank.

Knowledge, & Other skills:

  • In-depth knowledge of AML/ CTF and KYC regulations and international best practices
  • Knowledge and experience of regulatory compliance
  • Ability to establish and maintain good working relationships with internal stakeholders, achieve influence and support at a senior level
  • Strong writing, communication, analytical and research skills
  • People management experience
  • A good understanding of investigative and evidence collection practices
  • Established business knowledge and comprehension of financial products.
  • Excellent organizational and time management skills.
  • Excellent research skills including experience with online search tools.
  • Advanced skills in the use of Microsoft Office, Internet and on-line research systems.
  • Strong writing, analytical and communications skills.
  • Proficiency in oral and written English & Arabic (Preferred).
  • Ability to make decisions independently and solve problems

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