International Compliance & AML Specialist

Job description / Role

QNB Group, one of the World's Strongest Banks and the leading bank in the Middle East and North Africa, is seeking a International Compliance & AML Specialist for the further expansion of the office in Doha.

With a Net Profit of US$2.9 billion in 2014, a growth of 10.3%, QNB has witnessed rapid international expansion over the past few years.

QNB Group is present, through its subsidiaries and associate companies, in more than 26 countries and 3 continents providing a comprehensive range of products and services. The total number of staff is more than 14,500 operating from over 615 locations.

Role Summary:
The role is responsible for leading the Groups International Compliance and Anti Money Laundering (AML)/ Counter Financing of Terrorism (CFT) efforts in line with the relevant directives and recommendations issued by the regulators of each jurisdiction where the Bank is operating, best practices and applicable international bodies including 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 regulator requirements.

Role Description:
- You will perform regular and comprehensive compliance risk assessment for all international activities/entities of the Group to provide inputs to the annual Group Compliance plan.
- You will assist in managing the International Anti Money Laundering (AML) activities of the Group with the aim of ensuring complete and proper implementation of the regulatory authority of each international branch, including pronouncements/ directives issued by their National Money Laundering Committees and Financial Information Unit.
- You will review and identify changes to the compliance programs developed by the compliance/internal control officers at overseas branches and of the Group in light of regulatory changes and applicable best practices.
- You will ensure that the approved Group Compliance International annual plan is followed/ implemented; Identifying deviations from the annual plan and informing the Head of International Compliance & AML/CFT) of the same, along with the reasons for the deviations.
- You will amend the AML/ CFT policy manual and procedures in line with amendments to existing international laws and regulations pertaining to AML/ CFT. Also, ensure that the amendments to the relevant AML/ CFT laws and regulations are communicated in a timely manner to the international entities to enable them to comply with the same.
- In addition, you participate in assessing the AML/CFT review conducted by the business units / International Branches for the daily and monthly reports with immediate reporting on non-compliance cases.

Requirements

The successful candidate will hold a Bachelor degree with professional qualifications such as CCO/ CIA/ CPA. In addition, a minimum of 10 years experience in a major banking institution or regulatory agency with preferably including 5 years in Compliance or Internal Audit, is required.

About the Company

QNB Group is the biggest bank in Qatar, and a leading financial institution in the Middle East and Africa is hiring.

QNB Group’s presence through its subsidiaries and associate companies now extends to more than 30 countries across 3 continents, providing a comprehensive range of products and services. The total number of staff is more than 28,000 operating from over 1200 locations.

QNB will assist you to take charge of your career with rich and varied opportunities to experience different parts of our global business and develop a valuable portfolio of skills and knowledge.