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Job description / Role
Our client, one of the regions leading banks, is looking for a confident and experienced AML professional to join their team in Doha. The successful candidate will take responsibility of managing and maintaining the organization’s obligations as it relates to the supervision and reporting of money laundering activities.
He/she will be responsible for designing, evaluating, supporting, and influencing a culture of compliance throughout the organization, as well as assisting in the management and execution of an efficient compliance monitoring program.
Responsibilities include but are not limited to:
- Assist with the development and management of a compliance sign-off process for each department
- Assist in the development of compliance initiatives and programs to comply with the respective legal, licensing, and regulatory obligations
- Provide assistance in preparing for impending regulatory changes or revisions to licensing structure
- Handle the management and execution of second line monitoring and assessment program for Anti-Money Laundering/Counter-Terrorism Financing (AML/CTF)
- Improve and maintain AML/CTF policies and procedures
- Ensure compliance with regulatory framework put in place by local and international stakeholders
- Aid with the improvement of tools to monitor, analyze, and report suspicious activity
- Handle file reviews of suspicious activity to ensure compliance with the policies and procedures put in place
- Identify and inform of any changes to legislation and other regulatory requirements relating to AML/CTF
- Aid in the design, development, and implementation of a risk assessment framework to support all customer interactions
- Provide oversight to the operational team which acts as the first line monitors and investigators of suspicious activity
- Ensure consistent and timely feedback on cases that have been escalated
- Liaise with management to develop investigative strategies
- Develop and participate in compliance programs and initiatives
- Provide relevant compliance reporting to ensure the completion and proper analysis of suspicious activity reports that have been conducted
- Ensure detailed and prompt investigation of all AML/CTF incidents and cases
- Manage the resolution of cases through internal and external communications
- Help with identifying any AML/CTF loopholes and coordinating projects to bridge those gaps
- Maintain a proper register of all incidents reported internally and externally
Requirements
- BA Honors degree as a minimum university level qualification
- At least 5 years of relevant experience
- AML experience is essential within a bank or financial services company
- Arabic speakers preferred
- Visa requirements for Qatar
About the Company
Cobalt is part of a leading international recruitment provider with offices in Europe, Singapore and New Zealand. Cobalt offers high quality HR consultancy, executive search, contingency recruitment and Emiratization services in Dubai and the wider MENA Region. It works extensively within the fields of Construction & Engineering, Banking & Finance and HR & Business Support.
Contributing to the regions development, we play a key role in identifying and attracting the very best talent to ensure the regions potential is realized. We also understand the importance of Emiratization in ensuring the long-term success of the UAE economy and have therefore pro-actively developed a strong network of UAE Nationals within our specialist areas.