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
Skills needed :
Job Summary :
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
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.
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
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
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
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
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