QNB Group | GIFT

Job Purpose Summary:
To facilitate business and assist management by ensuring that the bank operates in accordance with (a) all regulatory and legal requirements and (b) all Group standards of conduct, so as to protect and enhance the reputation of the bank with their regulator and avoid financial loss.
Assists the bank and management in understanding and addressing all applicable laws and regulations. Acts as the liaison with regulatory agencies, internal and external advisors, and
other internal control groups on compliance related issues. Works closely with management to establish an appropriate compliance culture throughout the bank including the development of specialised training programs.
Perform regular and comprehensive compliance reviews and internal control oversight. To report regularly on compliance matters as per the Group Compliance reporting system. To report all identified breaches and corrective action taken on internal control matters. To ensure that the Compliance and Internal Control Officers comply with all Incident reporting Requirements. Be a local champion of the Banks Anti Money Laundering (AML) and Combating the Financing of Terrorism (CFT) initiatives.
Essential Duties & Responsibilities
1. Planning:
- To prepare and implement the annual compliance and internal control review plan
2. Assessment Criteria:
- To implement specific steps within the compliance program to ensure effective implementation of regulations and statutory requirements concerning Anti Money Laundering (AML) and Combating the Financing of Terrorism (CFT) and Regulatory requirements.
3. Monitoring:
- Monitor action taken on Regulator's recommendations to ensure effective implementation.
- Monitor adherence of business and support management to Regulator/ Legal Authority regulations and statutory requirements.
- Monitor staff accounts specifically for the purpose of anti- AML/CFT.
4. Compliance and Internal Control Review:
- Conduct on-going compliance reviews as per the approved annual compliance review plan.
- Comply with Group Compliance reporting system.
- Promote the employees’ awareness by providing Compliance/ AML/CFT training courses to the Branch staff
- Review system changes and or enhancements of Regulator's returns to ensure that the Branch is in compliance with regulatory policies.
- Provide advice service to the Branch Management in relation to product services (policies and procedures) from Compliance & Internal Control perspective.
- RSA, CSAs and KPCIs reviews unit responses on a rolling basis with spot checks and verify veracity and completeness of reporting.
- Carry out the mandatory verifications and reviews required by Regulators/ Legal Authorities.
- Ensure policies and procedures are regularly reviewed, updated with any new regulations and implemented, including Compliance manuals.
5. Reports:
- Submit periodic reports to Group Compliance detailing cases of non-compliance to regulatory and statutory requirements.
- Prepare annual report on internal control in coordination with Senior Management and Group Compliance.
- Prepare internal control report for every assignment conducted detailing the review objectives, scope and outcome.
- Make compliance and internal control record file of all of the branch’s activities and determine the frequency of each control procedure (daily, monthly, etc.) based on the risk involved and the efficiency of current procedures.
6. Local Central Bank / Legal Authorities:
- Liaise with local Central bank whenever required, response on queries and communicate issues raised by them and follow up such issues until final resolution.
- Carry out the mandatory verifications and reviews required by Central Bank/ Legal Authority.
7. Anti-Money Laundering and Combating the Financing of Terrorism
- Developing and maintaining QNB GIFT City AML/CTF policy in line with evolving statutory and regulatory obligations.
- Supporting and co-ordinating management focus on the money laundering risk in individual business areas.
- Assisting management to develop and maintain an effective anti-money laundering and counter-terrorist financing compliance culture.
- Developing internal procedures in line with the requirements of the local Financial Regulator and legislation, Qatar Central Bank regulations, QNB Head Office policies and procedures, and international standards
- Ensuring that all internal suspicion reports received are investigated effectively and without delay
- Making any recommendations for action to remedy any deficiencies in policies, procedures, systems or controls and following up on those recommendations.
- Representing QNB to all external agencies in the Country, and in any other third party enquiries in relation to money laundering prevention, investigation or compliance.
- Undertaking independent monthly reviews of activity relating to selected (by the MLRO) high-risk accounts which are deemed to require additional monitoring over and above the standard reviews by the business. The results of the MLRO’s reviews are to be documented.
- Awareness of any relevant sanctions, prohibition or advisory notices applicable to the bank and its business. Also as necessary advising management and relevant employees of the names of any individuals and institutions on the sanctions list.
- Promptly responding to any request from a regulator and/or law enforcement agencies for information to which they are legally entitled.
8. Advisory:
- Recommend improvement in branch’s policies and procedures as appropriate to be in line with new and or amended regulations and statutory requirements.
9. Legal, Regulatory and Risk Framework Responsibilities:
- Comply with all applicable legal, regulatory and internal compliance requirements
- in accordance with the Branch Governance manual, contribute to and comply with the Branch’s Risk Framework, consider Risk Appetite and promote a positive Risk Culture:
- Understand and effectively perform your role under the Three Lines of Defence principle to identify, measure, 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 accordance with the Operational Risk Management requirements.
10. Other:
- Ensuring high standards of data protection and confidentiality to safeguard commercially sensitive information. Maintaining utmost confidentiality with regards to customer and internal bank information obtained during the course of business and provide such information on a need to know basis only to Senior Management of QNB, Audit and Compliance functions, and relevant Regulators.
- Maintains high professional standards to uphold QNB's reputation and to strengthen its market leadership position.
- All other ad hoc duties and/or activities related to QNB that management may request of the employee from time to time.
Knowledge Skills and Experience:
- 8-10 years’ experience of control/audit procedures and knowledge of compliance in banking institution or regulatory agency preferably in compliance or internal audit function.
- University graduate preferably with a Major in Finance, Law, Banking, Economics, Mathematics, or Business Administration (related field of study), Masters preferred
- Professional qualifications such as CCO/CPA/CIA/CA.
- Good oral and written communication skills (incl. report writing) in English.
- Extensive Knowledge in the following areas;
o Banking and IT applications.
o Current regulations and financial instruments.
o Bank accounting procedures
o Banking products and services
o Regulatory and tax matters.
- Self-discipline, initiative, organisational skills & relations building skills.

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