Banking Executive / Expert

Accounting & Finance
Oman 🇴🇲
November 24, 2023
Full Time

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Job Description

Central Bank of Oman is Seeking to Recruit Competent, Committed, Self-motivated and Enthusiastic Candidate as per the Follows:

Job Purpose:

  • Responsible for developing comprehensive policy framework and procedures related to AML/CFT areas under Regulation and Development section for ensuring a sound and compliant AML/CFT system for banks/ FLCs/ MEEs /PSPs in Oman.
  • Draft the Circulars and prudential guidelines, and contribute in implementing global best practices/ FATF’s recommendations / Basel guidelines etc.

Key Duties and Tasks:

  • Carrying out the responsibilities assigned by the In-charge of Regulation and Development section in all relevant AML/CFT matters in line with the guidelines provided in the department manual.
  • Ensuring the development of comprehensive policy framework and procedures related to AML/CFT areas under Regulation and Development section.
  • Drafting of circulars and prudential guidelines, and support in implementation of global best practices issued by FATF or Basel including others on AML/CFT.
  • Providing overall guidance to the other team members assigned to the section and brief them with necessary instructions and directions on policy development and regulation.
  • Incorporating changes to work done by him or assisting the Regulation and Development section in making changes necessary to the circulars, guidelines and others as recommended by the In-charge of Regulation and Development and / or Head of Department.
  • Issuing clarifications on regulatory and supervisory issues on AML/CFT.
  • Conduct and participate in studies/analysis/research of specific matters related to new products, emerging risks, FATF related reports Regulation/ Supervision of banks/ FLCs/ MEEs /PSPs.
  • Participate and contribute on the AMLCFT matters related to Sandbox and mentoring the junior staff.
  • Coordinate with other Central Banks / Regulatory Authorities and International Institutions on specific issues referred by the management and submit report/ recommendations.
  • Providing inputs pertaining to AML/CFT policy developments at a national level and inputs on Oman’s National Risk Assessment.
  • Participating in various inter-and-intra-departmental Task Force/meeting.
  • Acting with a sense of propriety and honesty and making a conscious attempt to safeguard the integrity of CBO.
  • Ensuring compliance with the procedures in all the relevant areas.
  • Carrying out any other related tasks as and when assigned by the In-charge of Regulation and Development or Head of AML/CFT Department.

Please submit your application before April 30th, 2023.

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