Compliance Officer (KYC/AML)

  • Salary: Competitive
  • Location: London, England, United Kingdom
  • Job Type: Full time
  • Company: Qatar National Bank (QNB)
  • Updated on: 19 Sep 18


About QNB
QNB Group, the biggest bank in Qatar, and a leading financial institution in the Middle East and Africa, is looking to hire a Compliance Officer (KYC/AML), to meet the requirements of the expansion of its office in QNB - UK//London.
QNB Group's presence through its subsidiaries and associate companies now extends to more than 30 countries across 3 continents, providing a comprehensive range of products and services. The total number of staff is more than 28,000 operating from over 1200 locations.

Role Summary:
  • To support promoting a strong compliance culture throughout the organization.
  • To 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, particularly in Financial Crime.
  • Liaising with Relationship Managers in obtaining all original account opening documentation for retail and corporate customers including. conducting, analysis and documenting of applicable due diligence.
  • Review all customer documentation to ensure compliance with procedures and regulatory requirements.
  • Reporting on a regular basis on compliance matters, identified breaches and corrective action taken to Senior Compliance Officer.
  • To ensure complete and proper implementation of regulations and guidelines.
  • If needed, give assistance to the Senior Internal Control Officer and act as the backup for in case of his absence.
  • Assist the Senior Compliance Officer in ensuring sound compliance policies and practices in order to protect QNB licenses, customer relations and compliance procedures.

Role Description:
1. Planning:
Assist in completing the annual compliance plan and providing support to Senior Managers as and when required
2. Assessment Criteria:
Assist with the Compliance Monitoring and Testing Plan to ensure specific steps within the Plan are completed on schedule.
3. Monitoring:
• Monitor adherence of business and changes to business practices and products to ensure Effective Compliance oversight.
• Perform Horizon Scanning by keeping abreast with regulatory news and changes and updating Senior Compliance managers.
• Monitor actions taken on Central Banks inspectors' and Regulatory recommendations to ensure effective implementation and resolution.
4. Compliance Review and Training:
• Ensure the completeness of documentation in the opening, review and maintenance of Retail flags were properly followed up and approved, Corporate, Treasury and Financial institutions account relationships (conventional and Islamic), red Ensure all KYC, due diligence and other regulatory requirements are met for new accounts and that a rational is present for any exceptions.
• 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.

5. Reports:
• Submit periodic reports to Senior Compliance Officer detailing cases of non-compliance with Central Banks' regulations and statutory requirements.
• Prepare a report for every assignment conducted detailing the review objectives, scope and outcome.
• Update and maintain Compliance Trackers / Logs and project plans
• Assist with taking Meeting Minutes at Compliance Governance Forums
• Prepare a report for every assignment conducted detailing the review objectives, scope and outcome.

7. Anti Money Laundering
• Conduct scheduled and ad hoc AML reviews as per the approved Compliance Monitoring and Testing Plan.
• Assist Senior Managers with completing the Business Wide Risk Assessment.
• Assist with the review of existing Policies and Procedures to ensure they are up to date and relevant
8. Special Assignments & Investigations:
Participate in special assignments & investigations as and when required.

  • Typically, 3 years' experience of KYC/AML/CFT procedures and excellent knowledge of Customer on-boarding
  • Periodic reviews and transaction monitoring in banking institution or regulatory agency preferably in compliance or internal audit function.
  • Bachelor degree with professional qualifications
  • Professional Compliance qualification are ideal but not mandatory.

Note: you will be required to attach the following:
1. Resume / CV

London, England, United Kingdom London England GB