QNB1331 - International Compliance & AML Specialist

  • Business Unit
    QNB - Qatar
  • Division
    Compliance
  • Department
    Audit & Compliance
  • Country
    Qatar
  • Closing Date
    30-Apr-2015
About QNB

Established in 1964 as the country’s first Qatari-owned commercial bank, QNB Group has steadily grown to become the largest bank in the Middle East and Africa (MEA) region.

QNB Group’s presence through its subsidiaries and associate companies extends to more than 31 countries across three continents providing a comprehensive range of advanced products and services. The total number of employees is more than 28,000 serving up to 20 million customers operating through 1,000 locations, with an ATM network of 4,300 machines.

QNB has maintained its position as one of the highest rated regional banks from leading credit rating agencies including Standard & Poor’s (A), Moody’s (Aa3) and Fitch (A+). The Bank has also been the recipient of many awards from leading international specialised financial publications.

Based on the Group’s consistent strong financial performance and its expanding international presence, QNB currently ranks as the most valuable bank brand in the Middle East and Africa, according to Brand Finance Magazine.

QNB Group has an active community support program and sponsors various social, educational and sporting events.

Role Summary

The role is responsible for leading the Group’s 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.  

Qualifications

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. 

Note: you will be required to attach the following:
  1. Resume/CV
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