AML Controller for Qatar.
Vinirma Consulting Private Limited
Qatar, INDIA
4d ago

VINIRMA Consulting Pvt. Ltd. is a 360Â Human Resource Management Consulting and Staffing Services Organization with operations in UAE, Qatar, Bahrain, Australia, USA, Singapore & India.

VINIRMA Consulting is currently looking for AML Controller for one of its clients which is a leading Organization in Qatar with the following terms and conditions.

KNOWLEDGE & EXPERIENCE :

Bachelor Degree in Risk, Law, Audit & Business Administration from a reputable university. A background ininsurance and risk management or compliance preferably from an insurance company Certification / Training in AML and compliance disciplines

minimum of progressive experience in Anti-Money Laundering and CFT (ideally in insurance company) or bankwith at least 5 years in supervisory level in an insurance or financial services environment.

High level of written and oral communication skills as well as strong IT skills and knowledge of IT Applications

SKILLS & COMPETENCIES :

Principals and leading standards of best practice

Use of AML / CFT Tools and techniques

Policies, Procedures and Work Methods Knowledge

Communication and Coordination Skills

Planning, Organizing & Training skills

Business Understanding Skills

Proficient Report Writing and Drafting Skills

Strong Leadership skills

Ability to work in a team and relate with others well

Desired Qualifications

  • Bachelor Degree in Law / Risk / Audit / Business Administration / Accounting from a reputable university.
  • Work experience in insurance company or Financial Institution.
  • Certification in Anti Money Laundering or Compliance Management.
  • Proficient in Arabic and English both oral and written
  • Skills needed :

  • Use of AML / CFT tools and techniques
  • Policies, Procedures and Work Methods knowledge
  • Communication and Coordination skills
  • Planning, Organizing & Training skills
  • Proficient Report Writing and Drafting skills in Arabic and English
  • Strong Leadership skills
  • Communication skills and gravitas to deal with audience of all levels
  • Problem solving and able to find practical solutions
  • Able to work on own initiative and be a self-starter to lead on various initiatives within AML / CFT space
  • Management skills including time management
  • Ability to work in a team and relate well with others
  • Job Summary :

  • Actively assist the Head of ERM and AML (HRML) to drive the AML / CFT function in the company
  • Ensure that the company's wider responsibility for preventing money laundering and terrorist financing is addressed centrally.
  • Ensuring AML / CFT monitoring and accountability within the company
  • In coordination with the HRML, ensure that appropriate policies, procedures, systems and controls are developed, established and maintained across the company to monitor day-to 1 day operations for compliance with AML / CFT law, Regulations, internal policies, to prevent money laundering and terrorist financing.
  • Meet with regulators on an ad-hoc basis to clarify new regulations and make sure the AML function meets the requirements and deadlines for implementation.
  • Effectively manage the KYC program, ensuring all clients have adequate and valid identification data and documents and perform thorough Client Due Diligence.
  • Support the management of AML system.
  • Provide timely reports to HRML for all regulator's requests and enquiries
  • ROLE PURPOSE :

    To actively assist the Head of ERM and AML to drive the AML / CFT function in the company.

    Identify, mitigate and manage risks for the company through focusing on Regulations and best

    International practices.

    Ensure that client's wider responsibility for preventing money laundering and terrorist financing

    is addressed centrally. Ensuring AML / CFT monitoring and accountability within the client.

    Description

    Anti-Money Laundering

    In coordination with the Head of ERM and AML (HRML), ensure that appropriate policies, procedures, systemsand controls are developed, established and maintained across the insurance companay to monitor day-to-day operations forcompliance with AML / CFT law, regulations, policies, procedures, systems and controls, assess them regularly,and review the effectiveness of the same to prevent money laundering and terrorist financing.

    Implement AML / CFTStrategies

    Review all data related to customer's transactions in insurance companay and obtain such information at the appropriate timeso as to determine and analyze data effectively.

    Implement effective Know Your Customer program.

    Supporting and coordinating the Head of ERM and AML in Board's work for managing Insurance Company's money launderingand terrorist financing risks in individual business areas.

    Conduct an enterprise wide anti-money laundering program that produces high quality results, minimizes

    regulatory risk, and aligns with the insurance companay's AML strategy.

    Perform Business AML / CFT Risk Assessment.

    Monitor appropriateness and effectiveness of AML / CFT training programmes and providing training to the staff

    Regulatory Compliance

    Review and monitor changes in the regulatory environment in respect to regulations relating to AML / CFT. Ensure

    that the Insurance company is in compliance with government risk management regulations and guidelines

    Meet with regulators on an ad-hoc basis to clarify new regulations and make sure the AML function meets therequirements an deadlines for implementation

  • Provide timely reports to HRML for all MOI and QCB requests and enquiries in relation to AML / CFT issues;
  • Policies, Systems, Processes & Procedures

    Develop and oversee the implementation of department policies, procedures and controls covering all areas ofRisk Management department activity so that all relevant procedural / legislative requirements are fulfilled whiledelivering a quality, cost-effective service.

    Ensure that appropriate policies, procedures, systems and controls are established, developed and maintained.

    Ensure all customer information in the AML system is valid at all the times

    Leadership

    Manage the effective achievement of insurance companay's objectives through the leadership of the AML function settingindividual objectives, recruiting qualified staff, managing performance, developing and motivating staff, provisionof formal and informal feedback and appraisal in order to maximise subordinate and departmental performance.

    Key Performance Indicators :

    AML Plan for the year

    AML Program is effective

    Reviews and checks are being performed as per defined KPIs

    All circulars / letters from regulators are being addressed

    Training is provided to all staff

    AML culture in insurance companay is progressive

    FRAMEWORKS, BOUNDARIES, & DECISION MAKING AUTHORITY :

    The AML Controller reports to the HRML confers on critical and strategic issues.

    The jobholder is expected to monitor the implementation of the AML / CFT policies, procedures, systems and controls, including the risk-based approach to ML / FT risks.

    The jobholder exercises financial authority as per the level established by insurance companay's Management.

    Always review Compliance requirements and be Compliant to QCB and other regulations

    COMMUNICATIONS & WORKING RELATIONSHIPS

    Internal :

    All department chief's, managers AML champions and staff

    External : Regulator(s)

    Terms and conditions

    Joining time frame : 2 weeks (maximum 1 month)

    The selected candidates shall be a direct employee of one of the leading Organizations in Qatar.

    Should you be interested in this opportunity, please send your latest resume in MS Word format at the earliest at sheena.riju(at)vinirma.com

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