Compliance Manager, Qatar

The Compliance Manager will support the CCO & MLRO in managing day-to-day operations of Qatar Compliance unit, ensuring compliance to Bank’s AML/KYC policies/procedures and Regulatory requirements in Qatar (QCB) while representing the Bank in Qatar on all AML/CFT/Sanctions compliance and regulatory compliance related matters and extend managerial assistance on all such matters to the CCO & MLRO Support CCO and MLRO to maintain contact with QCB and other regulatory authorities/agencies to ensure a good and healthy working relationship exists – facilitate/coordinate between Branches and QCB as necessary – seeking guidance from IBG-Compliance as appropriate. Support CCO and MLRO in ensuring Bank’s internal procedures/policies remain compliant with regulations/changes – providing guidance/advice to Branch Management as necessary. Maintain pro-active relationships with business, facilitating timely involvement to ensure compliant solutions to business issues. Promptly communicate all Regulatory Notices/Circulars to all concerned areas, providing accurate Arabic/English translations as necessary. Promptly escalate any high risk issues/violations/breaches to CCO & MLRO and IBG-Compliance and develop/monitor action plans for closure of the same. Support in developing/maintaining/updating the local Compliance/AML Manual and ensuring a copy is provided to all Branch Staff. Providing support to CCO and MLRO in AML/Compliance Training to all Qatar staff on an ongoing basis as required/necessary to raise awareness and ensure all staff understand their responsibilities/obligations with regard to Corporate/AML Policies and regulatory/legal/statutory requirements, etc. Encourage a strong compliance culture/environment in Qatar branches. Promote the self-identification and reporting of all compliance issues (capturing same on MERs) and sharing of issues that may have wider implications. Ensure that all Qatar Product Programs, SOPs etc. are in compliance with QCB requirements as well as Mashreqbank’s AML/KYC Policy - and that transactions are monitored accordingly. Analyze suspicious transactions reported by units/branches, undertake investigations where required, and support the MLRO in submitting (as appropriate) STR (Suspicious Transaction Report) to QCB in a timely manner with complete and accurate information. Respond in a timely manner to Compliance/AML/Sanctions related queries/investigations of QCB/HO/Other Regulators/Law Enforcement Agencies, as well as provide expert guidance to branches/units upon referrals/queries. Liaise and support IBG-Compliance in implementation of Bank’s/Regulator’s Compliance Policies/Requirements and roll-out of related systems/initiatives across Qatar branches. 7-10 years banking experience with good understanding of products/operations environment, in particular as regards US and Qatar. Professional qualification in business / commerce / economics / law. CAMS or equivalent compliance certification Sound knowledge of international banking / practice and products / services. Specific and / or transferable knowledge / experience related to compliance / AML / Sanctions / Central Bank regulations. Computer literate and strong command of written and spoken English. Arabic is an advantage