• Head of KYC Strategy Jobs in Doha - 2108529

    Qatar National Bank (QNB)
  • 12 - 13 Years
  • Doha - Qatar
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Job Description

About QNBQNB Group, the largest Financial Institution in the Middle East and Africa are looking to hire a Head of KYC Strategy, to meet the expansion needs of our office in QNB - QatarDohaQNB has enjoyed continued success with Net Profits of QAR 108 billion (USD3 billion) in 2018 (up by 6%) and increased Total assets to QAR 853 billion (USD 234 billion) The Group now employs over 29,000 employees in 1,200 locations, with an ATM network of more than 4,300 machinesRole SummaryYou 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 AMLCFT including QCB instructions, Financial Action Task Force (FATF) and Wolfsburg groupRole 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 Groups 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 Groups operations activities locally and internationally in terms of AMLCFT and KYCQualifications Bachelor degree with professional qualifications such as CAMSCIACCO 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

Profile Summary

Type:Company Job

Eligibility:Other(Other), Bachelor of Technology/Engineering .

Industry:Banking / Financial Services / Broking


Deadline:25th Feb 2020

Desired Candidate Profile

Head of KYC Strategy

Company Profile

Not Mentioned

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