Assistant Manager - AML/CFT Governance & Customer Due Diligence

Key Accountabilities

• Organise and supervise the activities and work of subordinates (AML Governance team) to ensure that all work within a specific area of the activity is carried out in an efficient manner which is consistent with operating procedures and policy.
• Develop, maintain and update the Bank’s operating procedures in the area of AML/CFT and direct the implementation of related processes and controls, so that all AML/CFT activities are conducted in compliance with the approved procedures.
• Provide strong oversight of the AML/CFT transaction monitoring process (by the AML Governance team) to ensure that all detected unusual and/or suspicious activities are being investigated and reported in line with applicable AML regulations in order to protect the interests of the Bank from regulatory criticism, financial penalties and reputational damage.
• Provide constructive feedback to subordinates on the improvement of the quality of suspicious transactions reports (STRs) filed with the QFIU.
• Provide oversight on the progress of OCDD and event driven reviews of CDD conducted by business including the review of account activities of High Risk customers.
• Review all cases to be presented to Exit Committee (primarily due to STRs filed on a customer or a customer was carrying out business activities in his/her person account or customer was involved in unauthorized trade of crypto-assets or crypto-currency) and provide constructive feedback re materiality of risk should such customers are not exited from the Bank.
• To inform QCB for Commercial Bank’s Decision to Terminate a Business Relationship with Customers.
• Provide an effective oversight on the end to end process of approving a high risk customers such as PEP, Cash Intensive businesses, non-resident customers etc.