Compliance Officer, Wholesale Banking – CBQ
Full Time
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Commercial Bank of Qatar
Req ID: 6992
Qualification & Experience:
- Bachelor’s Degree, in Business-related major
- Demonstrating solid business analysis and quality assurance skills.
- Continuously identify automation opportunities and implement where needed.
- Engage proactively with all internal and external stakeholders, including other SBUs, Operations, IT, Compliance, QCB, vendors etc. and work proactively on AML KYC initiatives and projects .
- Identify and create action plans for process improvement.
- Model and foster behaviours that support the Bank’s values and corporate culture creating an atmosphere of trust, cooperation, accountability and dedication to the organization.
- Presenting results from QA and intelligence gathering reports to Senior Management.
- Knowledge and experience with QCB laws, regulations and related compliance requirements (including reporting and record retention requirements), international AML/CFT standards such as those promulgated by the Financial Action Task Force, Basel, OFAC compliance, and understanding of how changes in those regulations or compliance requirements affect CB management.
- Identifies potential and emerging risks or issues through detailed analyses
- Participate and support projects and departmental initiatives.
Perform other related duties or assignments as directed
Roles and Responsibilities:
The resource is required to perform the following functions which will be a full-time job covering all types of customers i.e. Corporates/FIs/Banks like Correspondent Banks (Vostro & Nostro relationships) and Internal or RMA-based accounts:
- KYC policies and procedures implementation and maintenance: Ensuring the units functions are up-to-date with the latest KYC policies from our Compliance/QCB/QFMA. Full compliance with Bank’s AML KYC Compliance policies, procedures.
- KYC Process
- Internal systems (CRM/Equation/Documentum etc): Familiarize with system for populating customer-based information along with documentation of each KYC in respective application given that the expertise will be developed over time based on system usage.
- External inquiries (KYC or RFIs): Proactively communicate with Relationship teams on respective portfolios along with Compliance to address the Regulator and Correspondent Banks KYC/Compliance related enquiries in a timely manner.
- Housekeeping:
- Risk Grades: Regular review of AML KYC risk grades based on latest policies and procedures
- Manual maintenance of KYC database: Ensure correct and accurate KYC status updates on a daily basis; managing and maintaining KYC Deferrals; close follow-ups of any open KYC cases.
- Keeping the KYC-related SOPs, guidance documents and Delegation of Authorities up to date and ensure regular reviews periodically or owing to changes due to Business, Compliance or Regulatory requirements.
- Initiatives: Contribute to the overall successful implementation of all transformation and projects within the bank/ department related to KYC matters.
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