Head of AML/CFT & Sanctions Operations

About Commercial Bank Of Qatar

Job Summary

• To implement the vision, strategy and direction for the AML/CTF Operations unit and to manage all activities of the AML/CTF Operations unit related but not limited to conducting the ongoing review of transaction monitoring alerts/cases and name/transaction screening hits generated by the bank’s systems or manually escalated for AML/CTF and Sanctions review.
• ****Key Accountabilities****
• Organize and manage work of AML/CFT Operations on review of transaction monitoring alerts/cases and name/transaction screening hits to ensure that all ML/TF and Sanctions risks are appropriately detected and mitigated;
• Monitor the timeliness and quality of review of transaction monitoring alerts/cases and name/transaction screening hits by AML/CFT Operations staff, including their adherence to the established risk appetite and SLAs. Implementation of corrective actions to improve the performance of AML/CFT Operations staff, if necessary;
• Participate in continuous enhancements of the bank’s AML/CFT transaction monitoring systems, testing of new system capabilities and their deployment in production environment;
• Develop, test and implement new AML transaction monitoring scenarios and conduct ongoing tuning and threshold calibration of existing scenarios used in the bank’s transaction monitoring systems with the purpose of increasing the efficiency of monitoring and adequately covering key ML/TF typologies;
• Develop, test and implement new rules/settings for the bank’s sanctions screening systems and conduct ongoing tuning of existing screening rules/settings used in the bank’s sanctions screening systems with the purpose of increasing the efficiency of screening and reducing the number of false positives;
• Provide ongoing reporting and updates to the bank’s senior management and management forums on the status of AML/CFT processes and controls in AML/CTF Operations unit.
• Conduct specialized training and ongoing guidance for AML/CTF Operations staff to ensure that they effectively discharge their duties in terms of timeliness and quality of review of transaction monitoring alerts/cases and name/transaction screening hits.

Required Qualifications

• Bachelor’s degree or equivalent.
• CAMS

Required Experience

• 7 - 10 years’ relevant experience in Compliance and Anti Money Laundering in a large domestic or international bank.

Knowledge, & Other Skills

• Strong knowledge of AML/ CTF process and KYC regulations.
• People management experience
• Strong technical knowledge and experience of AML investigation process and evidence collection practices
• Established business knowledge and comprehension of financial products.
• Excellent organizational and time management skills.
• Excellent research skills including experience with online search tools.
• Advanced skills in the use of Microsoft Office, Internet and on-line research systems.
• Strong writing, analytical and communications skills.
• Proficiency in oral and written English & Arabic (Preferred).
• ****Competencies****
• Adaptability/Flexibility
• Communication
• Integrity/Ethics
• Interpersonal Skills
• Leadership
• Listening Skills
• Problem Solving/Analysis
• Results Focus
• Sense of Urgency
• Strategic Thinking/Management
• Team Leadership
• Teamwork

Skills

• Ability to interact with internal and external stakeholders
• Ability to work under pressure
• Accuracy and attention to detail
• Arabic speaking preferred
• Awareness of local cultural and social factors, and labour law provisions
• Bilingual language skills in English and Arabic
• Risk Management
• ****Why Commercial Bank?****
• Best Digital Bank in the Middle East 2024 by World Finance and Best Mobile Banking App in the Middle East 2024 by Global Finance.
• An Innovation-Driven, Digital-First Environment where employees work with the latest tools and technologies to redefine banking
• Opportunities for Global Partnerships & International Exposure, connecting employees with global networks and perspectives.
• A focus on Employee Well-being & Work-Life Balance, ensuring a healthy and supportive environment for all team members
• Competitive Compensation & Benefits that ensure our employees are rewarded for their dedication and performance
• A strong Commitment to Diversity, Equity & Inclusion, fostering a culture that values every individual’s unique perspective.
• At Commercial Bank, we don’t just offer careers, We shape futures by pioneering
• digital transformation
• in Qatar’s banking sector, blending
• digital-first
• approach to redefine banking through
• innovative
• solutions.

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