Provide support in implementing AML/CFT monitoring strategy to ensure that the Company remains compliant and all relevant functions of the Company are in line with regulatory guidelines.
Assist in maintaining relevant policies and procedures in order to ensure they are up-to-date, reflecting current working practices and relevant regulatory requirements.
Evaluate how properly the internal procedures and controls regarding laws and instructions are applied, and discover any shortage in the policies and procedures and formulate suggestions to improve it.
Maintain awareness of regulatory changes affecting the business and help making any changes in order for the Company to remain compliant.
Understand the scope and objectives of AML/CFT requirements and provide support on regulatory matters. Work closely with the MLRO on any compliance issues that may arise.
Acting as a central point of contact between the licensed party, and the FIU, the regulator and other state concerned authorities in relation to AML and CFT issues.
Support and co-ordinate management focus on the money laundering risk in individual business areas.
Provide assistance in developing and maintaining an effective anti-money laundering and counter-terrorist financing compliance culture.
Provide support in developing and maintaining an effective money laundering risk-based approach and the risk assessment of the firm’s customers, products and services.
Ensure that staff comply with the stated policy and therefore monitoring operations and development of the policy to this end.
Ensure that all relevant staff are adequately trained in money laundering and terrorist finance prevention
Act as an Approved Person undertaking Controlled Function SMF17 for the prevention of money laundering.
Provide support in receiving, investigating and assessing internal suspicious transactions reports.
Responding promptly to any request for information by FIU, QFMA and other state concerned authorities in relation to AML and CFT issues.
Reporting:
Ensure that all assigned reports are prepared timely and accurately and meet the Company’s requirements, and regulatory guidelines.
Committees and Meetings :
Represents the function and actively contributes in various committees/meetings (internal and external) as applicable and per authority levels in order to ensure relevant matters are dealt with in a timely and efficient manner.
Related Assignments:
Undertake any other duties of similar nature that are related to the department and are within the expertise and skills of the jobholder.
Minimum Qualifications:
University degree caliber, preferably Master’s degree in Law, Economics or Political Science.
Minimum 02 - 04 years’ experience of Compliance. Specialist areas must include amongst others Market Abuser, AML/CFT and regulatory risk analysis
Skills & Knowledge:
Good knowledge of Compliance & AML regulatory issues, and QCB & QFMA’s guidelines.
Have the credibility and influence to actively engage senior stakeholders across all departments within the Company.
Ability to maintain relevant current knowledge and technical skills in constantly changing environment both internally and externally e.g. regulatory, policies, procedures and standards.
Strong interpersonal and communication skills, both oral and written, to interact effectively and professionally with Committees and Senior Management