QNB- Associate - KYC Strategy

Job Summary

The 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.

• s KYC data and the KYC platform for reporting purposes.
• Assist is Liaising with the regulators and external/internal parties on continuous basis to resolve their queries/
• respond to issues raised by them relating to the Group’s AML/ CTF & KYC efforts.
• Coordinate the follow up exercise with different business units for the completeness and update of the KYC data.
• Assist in handling the 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.

• 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.
• Working efficiently on the Global KYC platform for Monitoring KYC reviews and Risk Assessment.
• Performing a sample Quality Control checks of KYC / AML documents in accordance with current procedures.
• Ensure all the 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 of the KYC files for new clients and identification of main issues and follow up missing information in line with group processes and procedure.
• Contribute in Identifying the main risks in relation with the monitoring of existing clients;
• Work closely with business units to develop a culture of Compliance within the organization.
• Support the provision 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.

• Maintain an understanding of all pertinent laws, regulations, policies/ procedures and applicable best practices pertaining to the Group’s operations/ activities 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.
• Enhance the KYC training material and provide the training as per the annual training plan.

• Strong Communication skills for Liaison with National Regulators, FIU
• Evaluation and analysis of client data, transaction data and administration of compliance monitoring and compliance on-boarding functions including KYC and CDD

• Comply with all applicable legal, regulatory and internal compliance requirements including, but not limited to, Group Compliance Policies and Procedures (AML & CTF, Sanctions Policy, Data Protection Policy, Fraud Control Policy, Whistle Blowing Policy, Conflict of Interest and Insider Dealing Policy).
• Understand and effectively perform your role under the Three Lines of Defence principle to identify measure, monitor, manage…