Assistant Manager AML Investigation

Job Summary

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.

Key Accountabilities

• 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.
• Provide guidelines to the team in order to meet the benchmark set by AML/CFT policy and senior management recommendations.
• To 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.
• 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.

Other Accountabilities

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

Key Interactions

Internal

• Corporate/ Retail/ Private Banking/Trade Finance

External

• Correspondent banks.
• Regulators such FIU /QCB.
• Internal Revenue Service/ IRS.