Senior Officer AML/CTF & Regulatory Reporting

Business & Product Management
Qatar 🇶🇦
October 17, 2024

Apply for this job

Email *

Job Description

Key Accountabilities

  • ensuring compliance with CBQ AML/CFT Policy and related SOPs
  • conducting a quality review and ensuring the quality of STRs before their submission (facts, context and indicators);
  • submitting STRs to QFIU (with accurate information) to the QFIU in a timely manner;
  • conducting a quality review of periodic and ad-hoc reporting before their submission to regulators;
  • submitting periodic and ad-hoc reporting to regulators in a timely and accurate manner;
  • conducting review and analysis of received transaction monitoring cases for potential suspicious activities concerning the risk of ML/TF/PF
  • liaising with businesses and other departments to obtain additional supporting documents and information related to analyzed transaction monitoring cases;
  • maintaining and updating the STR tracker; analysing and highlighting key trends on an ongoing basis.

Other Accountabilities

  • Review of assigned transaction monitoring cases to assess the risk of potential suspicious activity on the account, such as money laundering.
  • Analysis of transactions (for assigned cases) in the underlying account(s) for identification of potential suspicious activities concerning the risk of ML/TF/PF.
  • Handle end-to-end AML/CFT investigations; preparing STR (with concrete information) to be filed with Qatar Financial Information Unit (QFIU) in a timely manner.
  • Respond (timely) to the law enforcement agencies (LEAs) for an additional information related to a reported customer.
  • Handle QCB/FIU/LEAs inquiries concerning a reported customer(s).
  • Identify serious risks (particularly the ones related to TF & PF) and escalate Manager- AML Governance and MLRO.
  • Update names in the relevant database (communicated/ published by QCB/QFIU/LEAs) for monitoring purposes.
  • Provide appropriate and constructive advice/feedback to other stakeholder (e.g. AML Operations, AML Governance, Fraud Investigation and other SBUs) on the matters concerning suspicious activities.
  • Perform peer review and provide constructive feedback on the matters concerning STRs.
  • Respond to AML/CFT inquiries (raised by other departments or Branches) in a timely manner and in accordance with the agreed SLA.
  • Conduct 360-degree Risk Based Investigations, while coordinating with team members other stakeholders to determine the real ML/TF/PF risk and consequently, propose proper course of action to mitigate the risk which include but not limited to: (i) issuing a warning letter; (ii) filing an STR with the QFIU; (iii) freezing/ blocking an account; (iv) exiting the customer.
  • Work and contribute in the management reporting processes i.e. reporting of information to the MLRO or CRC.

Skills

Education

Bachelor degree or equivalent

Related Jobs