QNB3631-Associate, KYC Strategy

Job SummaryThe incumbent will implement the KYC framework as designed by the KYC Strategy unit and be responsible to embed the adequate processes and controls at Group level to effectively manage the KYC platform on an on-going basis, track and reflect the changes as issued by the relevant and applicable AML/CFT bodies including QCB instructions, Financial Action Task Force (FATF) and Wolfsberg Group, to prevent the Group from being exposed to the risk of legal/regulatory sanctions and the associated financial/reputation loss that the Group may incur/suffer as a result of failure to comply with the relevant AML/CFT regulations.Main ResponsibilitiesKYC data and the KYC platform for reporting purposes.Assist in liaising with regulators and external/internal parties on a continuous basis to resolve their queries and respond to issues raised by them relating to the Group’s AML/CFT & KYC efforts.Coordinate the follow-up exercise with different business units for the completeness and update of the KYC data.Assist in handling correspondent banks’ enquiries and requests related to the KYC and AML questionnaires.Participate in managing the Vostro accounts due diligence and KYC process with different business and operations units.Act as KYC data supplier for all AML, Sanctions and Fraud Control units to facilitate their day-to-day operations and investigations.C. Internal (Process, Products, Regulatory)Participate and assist in overseeing the KYC activities with the aim of ensuring complete and proper implementation of the regulations and related guidelines.Assist in the implementation of the KYC related tasks as per the approved annual plan.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.Work efficiently on the Global KYC platform for Monitoring KYC reviews and Risk Assessment.Perform sample Quality Control checks of KYC/AML documents in accordance with current procedures.Ensure all KYC process and documentary requirements are consistent globally but adapted to local rules.Contribute to the implementation and controls for daily processes and update of procedures.Review the KYC files for new clients and identify main issues and follow up missing information in line with group processes and procedure.Identify the main risks in relation with monitoring of existing clients.Work closely with business units to develop a culture of Compliance within the organization.Support the provision of sound compliance advice to the line of business on resolution of issues and for escalation of issues within Compliance and the Supervisory Board.Support the coordination of global compliance efforts within line of business.Liaise regularly with clients, compliance, other support functions including internally within the Global Client Onboarding team, due diligence Managers and local Business officers.D. Learning & KnowledgeMaintain an understanding of all pertinent laws, regulations, policies/procedures and applicable best practices pertaining to the Group’s operations locally and internationally in terms of AML/CFT and KYC.Enhance the KYC training material and provide the training as per the annual training plan.Managerial AttributesStrong communication skills for liaison with national regulators, FIU.Evaluation and analysis of client data, transaction data and administration of compliance monitoring and compliance onboarding functions including KYC and CDD.E. Legal, Regulatory, and Risk Framework ResponsibilitiesComply with all applicable legal, regulatory and internal compliance requirements including Group compliance policies and procedures such as AML & CTF, Sanctions Policy, Data Protection Policy, Fraud Control Policy, Whistle Blowing Policy, Conflict of Interest and Insider Dealing Policy.Understand and effectively perform the role under the Three Lines of Defence principle to identify measures, monitor, manage and report risks.Ensure systematic good outcomes for clients in accordance with Conduct Risk policy.Support the framework of RCSA, KRI, Incident reporting and remediation, as appropriate, in compliance with Operational Risk Management requirements.Maintain appropriate knowledge to ensure qualification to undertake the role.Complete and attend all mandatory training provided by the Bank and maintain required competence levels.Maintain excellent understanding of AML/CTF laws, regulations, policies/procedures and applicable best practices for domestic operations.Prepare and document system manuals with regular updates.Provide inputs to the Department’s training plan and develop/enhance skill sets of Group compliance personnel and offer career development opportunities.F. OtherUnrestricted access at any time to all information, records, personnel and property in Qatar and overseas that is required for the effective discharge of responsibilities.Maintain utmost confidentiality with respect to infor