he Anti-MoneyLaundering (AML) Officer will assist with the coordination ofCompliance and AML activities across the business.
Complianceincludes adherence with :
Legislative or Regulatoryrequirements affecting Conduct of Business activities
Approved QFB policies
Shariah principles RoleResponsibilities : Operational To assist in the delivery of arisk-based compliance monitoring program covering all ofQFB’s businesses 60%
Support therisk-based planning process, by helping to implement the ComplianceMonitoring Plan
Draw up monitoring papers to conductsuch visits, including terms of reference for approval by therelevant business area.
Arrange and carry out monitoringvisits
Produce formal reports identifying Complianceissues and recommending changes to management controls andprocesses
Follow up on any actions arising from suchvisits, ensuring that all actions have been addressed.
Carry out ad-hoc reviews, with appropriate written or verbalreports Provide support in ensuring that Compliance / AML trainingis completed within the business 20%.
Assistthe Compliance team in ensuring that the compliance / AML trainingmaterial is updated and is completed by all required staff.
Providesupport in ensuring that Compliance policies and procedures areproperly documented and communicated to all relevant areas 10%.
Support the Compliance team in ensuringthat QFB policies and procedures are cascaded appropriately to allthe business lines, and that appropriate actions are taken by thebusiness to comply (e.
g. covering Conduct of Business requirements,insider dealing, gift acceptance, Chinese Walls, KYC,money-laundering, and sanctions) Support the Head of Compliance ingeneral administrative matters 10%.
Provideassistance towards the completion of regulatory and internalreports
Provide support in translation services whererequired
Document and diary management for theCompliance team as required. Key Performance Indicators
Knowledge of the Bank’s products, services and policiesand / or other specialist knowledge required to undertake the role :
Knowledge of Shariah rules and local regulations to begathered in the early months.
Knowledge of QFB policiesand procedures in respect of Compliance and AML. Core Principals& Competencies
Due skill,care, and diligence
Open andcooperative relations with Regulatory Authority
Appropriate priority for management andcompliance