Financial Crime Compliance Manager

Company Name: Westbourne Partners
Location: Qatar
Posted by:

Maxwell Baulf

Maxwell Baulf

Headhunter - Executive Search at Westbourne Partners

Position: Specialist AML/CTF Model & Process Development

Location: Doha, Qatar

Summary:

The incumbent will ensure that there is adequate AML/CTF system and control in place at Group level to effectively manage the Money Laundering and terrorist financing risk and enhance the Global on-going changes for both AML/CTF bodies including QCB instructions and 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 relevant AML/ CFT regulations.

Responsibilities:

• Manage the Global AML/CFT efforts of the Group by monitoring customer daily transactions on timely basis to avoid any suspicious transactions that could lead to fines/ penal actions and the consequent loss of reputation.
• Establish , Enhance procedures , policy the AML/CTF Framework to meet the regulatory standard and FATF recommendations.
• Adopt and implement the FATF updated AML/CTF recommendations to meet the Global Standards
• Initiate new AML/CTF Compliance Strategy and Regulatory Reporting in establishing the Regulatory Reporting Annual Plan.
• Perform research and recommend enhancements on the principles adopted by Group on Corporate Governance in line regulatory requirements.
• Take part to the Steering Committees relevant to the Group integration projects and work closely with stakeholders for the adequate and timely delivery of the compliance-specific actions.
• Assess the AML/CTF compliance risks at overseas entities and initiate the implementation of new systems to enhance
• Undertake studies, analysis and researches aiming to the enhancement of the systems and controls at overseas entities.
• Perform gaps analysis of systems and controls with leading practices and regulatory requirements, and recommend areas of improvement at strategic level.
• Remain well-informed on timely basis of the regulatory changes and challenges that impact the Group’s compliance risk profile and ensure corrective action plan
• Implement, manage and keep up-dated the Regulatory Repository by identifying the regulatory
• Perform review policies and procedures established or amended Compliance Departments as relevant to the compliance framework (i.e. excluding the operational aspect).
• Establish methods and means for spreading the AML/CTF Awareness through training and e-learning platform establish in the L&D division.
• Contribute to setting the Training strategy for Compliance Models on a yearly basis by identifying emerging topics to be adopted, reviewing or establishing training materials.
• Prepare the quarterly risk-based reporting on the major AML/CTF requirements to the GACC

Requirements:

• Bachelor degree with professional qualifications such as CCO/ CIA/ CPA.
• A minimum of 10 years of experience in a major banking institution or regulatory agency out of which 5 years should be in a supervisory role relating to Compliance or Internal Audit.
• Solid experience of working in financial services. AML Compliance specific experience preferred
• A strong understanding of the requirements of the Money Laundering Regulations and the Joint Money Laundering Steering Group Guidance
• Experience of managing external relationships, with the confidence to approach people at all levels
• Strong analytical skills required to organize and analyze multiple, complex data sets
• Excellent report writing skills
• Knowledge of the legal and regulatory framework and the regulatory environment

• Seniority level

  Mid-Senior level

• Employment type

  Full-time

• Job function

  FinanceAccounting/Auditing

• Industries

  Financial ServicesBankingLegal Services