QNB3920 - Associate, AML CTF Investigations (Qatarization)

About QNB 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. Job Summary 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. Main Responsibilities 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): - 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 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 escalate 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 counterparties. 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 special assignments and investigations as and when required. Provide input regarding the selection of a system and the generation of reports there from to support the Group’s AML/ CTF efforts and ensure subsequent implementation of the system across the various Group entities. To develop and co-ordinate continuous training courses regarding AML/ CTF in close coordination with Group Human Capital for the domestic entities, including specific training to be imparted for using the AML/ CTF system. Coordinate efforts with the Branch Managers to ensure that they are checking/ reviewing the relevant reports generated by the system. Liaise with the system vendor and the Group’s IT Department for system support issues. Ensure proper storage and retrieval of all AML/ CTF related documentation. Identify and render advice on AML/ CTF related issues pertaining to the Group’s operations. Learning & Knowledge: Maintain an understanding of all pertinent AML/CTF laws, regulations, policies/ procedures and applicable best practices pertaining to the Group’s operations/ activities. Provision of inputs to the Department’s training plan and thereby develop/ enhance the skill sets of Group Compliance personnel with respect to AML/ CTF measures/ initiatives and provide them with opportunities for career development. Also, identify areas for professional development of self and other Group Compliance personnel. E. Legal, Regulatory, and Risk Framework Responsibilities: - Comply with all applicable legal, regulatory and internal compliance requirements including, but not limited to, Group Compliance Policies and Procedures (AML & CTF, Sanctions Policy, Data Protection Policy, Fraud Control Policy, Whistle Blowing Policy, Conflict of Interest and Insider Dealing Policy). Understand and effectively perform your role under the Three Lines of Defence principle to identify measure, monitor, manage and report risks. Ensure systematic good outcomes for clients in accordance with Conduct Risk policy. Support the framework of RCSA, KRI, Incident reporting and remediation, as appropriate, in accordance with the Operational Risk Management requirements. Maintain appropriate knowledge to ensure full qualification to undertake the role. Complete/attend all mandatory training provided by the Bank, attain, and maintain the required levels of competence. Maintain an excellent understanding of all pertinent AML/CTF laws, regulations, policies/ procedures and applicable best practices pertaining to the Group’s domestic operations/ activities. Prepare and document all the system manuals with regular update. Provision of inputs to the Department’s training plan and thereby develop/ enhance the skill sets of Group Compliance personnel with respect to AML/ CTF measures/ initiatives and provide them with opportunities for career development. Also, identify areas for professional development of self and other Group Compliance personnel Other: Unrestricted access at any time to all information, records, personnel