Job Summary

The Senior Compliance Officer will support promoting a strong compliance culture throughout the organization, assist in managing on a pro-active basis the compliance activities with the purpose of identifying and assessing the compliance risks associated with the business activities especially those related to regulatory and statutory requirements.  The role will take responsibility for performing regular and comprehensive compliance risk assessment and testing according to the approved compliance review plan.

Job Description

• To assist in preparing and developing the annual compliance review plan.
• To assist in preparing the Compliance Monitoring Program of the Branch, covering the different Departments.
• To implement specific steps within the review program to ensure adequate bank wide coverage of Central bank’s requirements and QNB Group policies and procedures.
• Monitor adherence of business and changes to business practices and products to ensure adequate consideration and compliance of business to regulatory and statutory requirements. 
• Monitor the implementation of new regulations or amendments made to the existing regulations.
• Monitor action taken on Central Banks inspectors’ recommendations to ensure effective implementation.
• Monitor the implementation of the new guidelines provided by QNB Head Office
  Participate in conducting scheduled and ad hoc compliance reviews as per the approved annual compliance review plan.
• Review new and amendments made to relevant policies, procedures, services and products to ensure that the implementation is within regulations and guidelines.
• Review system changes and or enhancements of Central Banks returns to ensure that the implementation is within Central Banks guidelines.
• Promoting employees awareness by developing and coordinating bank-wide continuous in-house courses and  e-training regarding compliance issues and requirements.

• Submit periodic reports to Head of Compliance / Internal Control detailing cases of non-compliance with Central Banks’ regulations and statutory requirements.

• Liaise with the regulator whenever required, respond on queries and communicate issues raised by them and follow up such issues until final resolution.

• Coordinate between the regulator inspectors and bank’s divisions, Departments and Branches to facilitate their mission.
• Participate in carrying out the mandatory verifications and reviews required by the regulator.
• Conduct scheduled and ad hoc AML reviews as per the approved annual review plan.
• Assess the anti money laundering review conducted by the business units / branches for the daily and monthly reports with immediate reporting on non-compliance cases. 
• Review new and amendment made to relevant policies and procedures, services and products to ensure that the implementation is within AML regulations and guidelines.
• Performing regular testing to ensure full compliance to KYC policy, which should include all type of customers and counterparties.
• Perform the regular monitoring of the customer names and transactions to identify any unusual transactions, through Safe Watch and SAS AML Solution
• Prepare a report for every assignment conducted detailing the review objectives, scope and outcome. 
• Prepare the Compliance monitoring Program (CMP) of the Branch.
• Participate in preparing the monthly/Quarterly compliance report sent to Group Compliance.
• Prepare the follow-up process for the gaps noted and ensure remedial actions are taken on timely manner.
• Provide advices and solutions as and when required, and recommend improvement in bank’s business and support activities to be in line with new and or amended Central Banks’ regulations and statutory requirements.  

Job Requirements

• University graduate preferably with a Major in Finance, Banking, Economics, Mathematics or Business Administration (related field of study),
• 5+ years relevant experience in the banking industry, preferably with a large local / International Bank.
• Outstanding attention to detail and ability to recognise patterns
• Ability to effectively communicate orally and in writing in English and National Language of the country, which we operate in.
• Good organizational skills.
• Independent and self-motivated
• Good planning, organizing and analytical ability.