Head of KYC Strategy
Qatar National Bank
Qatar, Doha
منذ 10 يوم

Role Summary :

You will have primary responsibility for the KYC framework and ensure adequate processes and controls are implemented across the Group.

You will manage the KYC platform, track and reflect the changes as issued by the relevant regulatory bodies which are applicable to AML / CFT including QCB instructions, Financial Action Task Force (FATF) and Wolfsburg group

Role Descriptions :

  • Monitoring and conducting KYC reviews as per the Risk Based Approach in place for new and existing customers on timely basis to avoid any KYC failures that could lead to fines / penal actions and the consequent loss of reputation.
  • Implement the framework for identifying the compliance weaknesses and deficiencies in terms of KYC at Group level as a result of the monitoring and testing initiatives, therefore preventing the Group from incurring financial losses and damage to its reputation.
  • Ensure that QNB KYC data requirements are in line with the regulators instructions, FATF recommendations and the international best practices.
  • Maintain and update KYC profiling of customers in line with the Global Standards and applicable local regulations
  • Act as a custodian of all the customers KYC data and the KYC platform
  • Liaise with the following on continuous basis to resolve their queries / respond to issues raised by them relating to the Group’s AML / CTF & KYC efforts :
  • Qatar Central Bank officials.
  • Qatar Financial Market Authority Officials
  • Qatar Financial Center Authorities
  • Officials from other government bodies in Qatar like ministries and QE.
  • National Anti Money Laundering Committee (NAMLC) and the Financial Information Unit (FIU) in Qatar.
  • External Auditors
  • Regulator of Overseas Branches and Subsidiaries as and when required.
  • Initiate the follow up exercise with different business units for the completeness and update of the KYC data
  • Handle the correspondent banks enquiries and requests related to the KYC and AML questionnaires
  • Act as KYC data supplier for all AML, Sanctions and Fraud Control units to facilitate their day to day operations and investigations.
  • Maintaining the effectiveness of the Global KYC platform across the Group
  • Implement the KYC related tasks of the annual plan approved by the Group Board Audit & Compliance Committee by performing periodic review of the KYC related activities conducted at the entities included within the plan.
  • Ensure the effectiveness of the Global KYC platform and Risk Methodology.

  • Enhance the periodic Risk Based Approach mechanism based on the Local and Global KYC associated risk.
  • Monitor the dashboards of the KYC platform for proper follow up and reporting
  • Perform key Enhancement by conducting gap analysis (Group wide) and fine tuning in line with the overseas branches regulatory requirements.
  • Implement Strategy to diligently carry out the account review process and ensure accounts are compliant, especially on issues of money laundering, adverse media, sanctions, via the due diligence review and transaction monitoring processes;
  • and to flag out and alert managers as and when suspicious activities are found.

  • Re-engineering for the customers on-boarding workflow to accommodate the KYC platform
  • Participate in Implementing the Risk Based Approach of Overseas Branches and Subsidiaries based on their Geographic Location in 4 Categories Europe, Africa, Asia and Middle East.
  • Liaise regularly with clients, compliance, other support functions including internally within the Global Client On-boarding team, due diligence Managers and local Business officers
  • Maintain an understanding of all pertinent laws, regulations, policies / procedures and applicable best practices pertaining to the Group’s operations / activities locally and internationally in terms of AML / CFT and KYC.
  • Qualifications :

  • Bachelor degree with professional qualifications such as CAMS / CIA / CCO
  • A minimum of 12 years experience in a major banking institution or regulatory agency out of which 8 years should be in a supervisory role relating to Compliance or Internal Audit
  • Strong knowledge of KYC strategy and implementation
  • Arabic Speaking is preferred
  • Regional ME / GCC experience is preferred
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