Compliance Officer - (Kuwaiti Nationals only)

Role Summary

Regulatory Compliance and Anti Money Laundering (AML) and Combating the
Financing of Terrorism (CFT) culture throughout the organization. Assist in
managing on a pro-active basis the compliance activities with the purpose of
identifying and assessing the compliance risks associated with the business
activities especially those related to regulatory and statutory requirements.
Be responsible for performing regular and comprehensive AML/CFT compliance
risk assessment and testing according to the approved compliance review plan.

Reporting on a regular basis on compliance matters, identified breaches and
corrective action taken to Senior Compliance Officer. To ensure complete and
proper implementation of regulations and guidelines. To develop and co-
ordinate bank-wide continuous training courses regarding Central Bank’s
regulations and statutory requirements

Role Description

Assist the Senior Compliance Officer in ensuring sound AML/CFT and compliance
policies and practices in order to protect QNB licenses, customer relations
and related procedures.

Act within the limits of the powers delegated to the incumbent

Support achieving the goals as defined in the annual plans regarding AML/CFT
and Compliance.

Support Customer Satisfaction, by supporting and promoting a strong AML/CFT
and compliance culture and practices.

Ensure timely and accurate information to the Senior Compliance Officer, as
and when required.

Provide efficient / optimum support to QNB departments in the assigned
location, with regards to AML/CFT and Compliance

If needed, give assistance to the Senior Internal Control Officer and act as
the backup for in case of his absence.

Maintain activities in accordance with Service Level Agreements (SLAs) with
internal departments/ units to achieve improvements in turn-around time:

To assist in preparing and developing the annual Compliance plan which cover
the Regulatory Compliance and AML/CFT tasks and activities.

Provide timely and accurate information to the external and internal auditors
and the Compliance function as and when required.

Monitor adherence of business and changes to business practices and products
to ensure adequate consideration and compliance of business to regulatory and
statutory requirements.

Monitor the implementation of new regulations or amendments made to the
existing regulations.

Monitor action taken on Central Banks inspectors’ recommendations to ensure
effective implementation.

Participate in conducting scheduled and ad hoc AML/CFT and compliance reviews
as per the approved annual compliance plan.

Review new and amendments made to relevant policies, procedures, services and
products to ensure that the implementation is within regulations and
guidelines.

Review system changes and or enhancements of Central Banks returns to ensure
that the implementation is within Central Banks guidelines.

Promoting AML/CFT employee’s awareness by developing and coordinating bank-
wide continuous training courses regarding AML/CFT and compliance issues and
requirements.

Submit periodic reports to Senior Compliance Officer detailing cases of non-
compliance with Central Banks’ regulations and statutory requirements.

Liaise with the regulator whenever required, respond on queries and
communicate issues raised by them and follow up such issues until final
resolution.

Coordinate between the regulator inspectors and bank’s divisions, Departments
and Branches to facilitate their mission.

Participate in carrying out the mandatory verifications and reviews required
by the regulator.

Conduct scheduled and ad hoc AML reviews as per the approved annual review
plan.

Assess the anti-money laundering review conducted by the business units /
branches for the daily and monthly reports with immediate reporting on non-
compliance cases.

Review new and amendment made to relevant policies and procedures, services
and products to ensure that the implementation is within AML regulations and
guidelines.

Performing regular testing to ensure full compliance to KYC policy, which
should include all type of customers and counterparties.

Perform the regular monitoring of the customer names and transactions to
identify any unusual transactions, through Safe Watch and MQ Series

Perform control over internal staff accounts to ensure compliance with AML/CFT
instructions.

Escalate issues as required

Participate in special assignments & investigations as and when required.

Provide advices and solutions as and when required, and recommend improvement
in bank’s business and support activities to be in line with new and or
amended Central Banks’ regulations and statutory requirements.

Comply with all applicable legal, regulatory and internal compliance
requirements including, but not limited to, the QNB Country Compliance manual;
Group Compliance Policies and Procedures (Anti Money Laundering & Counter
Terrorist Financing, Sanctions Policy, Data Protection Policy, Fraud Control
Policy, Whistle Blowing Policy, Conflict of Interest and Insider Dealing
Policy).

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.

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.

Qualifications

The successful candidate will have excellent oral and written communication
skills (incl. report writing) in English and Arabic

‎3-‎5 years’ experience of control/audit procedures and knowledge of compliance
in banking institution or regulatory agency preferably in compliance or
internal audit function.

Professional qualifications such as CPA/CIA/Compensation Analysis/CAMS