The Compliance Manager will support the CCO & MLRO in managing day-to-day operations of Qatar Compliance unit, ensuring compliance to Bank’s AML/KYC policies/procedures and Regulatory requirements in Qatar (QCB) while representing the Bank in Qatar on all AML/CFT/Sanctions compliance and regulatory compliance related matters and extend managerial assistance on all such matters to the CCO & MLRO
- Support CCO and MLRO to maintain contact with QCB and other regulatory authorities/agencies to ensure a good and healthy working relationship exists – facilitate/coordinate between Branches and QCB as necessary – seeking guidance from IBG-Compliance as appropriate.
- Support CCO and MLRO in ensuring Bank’s internal procedures/policies remain compliant with regulations/changes – providing guidance/advice to Branch Management as necessary.
- Maintain pro-active relationships with business, facilitating timely involvement to ensure compliant solutions to business issues.
- Promptly communicate all Regulatory Notices/Circulars to all concerned areas, providing accurate Arabic/English translations as necessary.
- Promptly escalate any high risk issues/violations/breaches to CCO & MLRO and IBG-Compliance and develop/monitor action plans for closure of the same.
- Support in developing/maintaining/updating the local Compliance/AML Manual and ensuring a copy is provided to all Branch Staff.
- Providing support to CCO and MLRO in AML/Compliance Training to all Qatar staff on an ongoing basis as required/necessary to raise awareness and ensure all staff understand their responsibilities/obligations with regard to Corporate/AML Policies and regulatory/legal/statutory requirements, etc.
- Encourage a strong compliance culture/environment in Qatar branches.
- Promote the self-identification and reporting of all compliance issues (capturing same on MERs) and sharing of issues that may have wider implications.
- Ensure that all Qatar Product Programs, SOPs etc. are in compliance with QCB requirements as well as Mashreqbank’s AML/KYC Policy - and that transactions are monitored accordingly.
- Analyze suspicious transactions reported by units/branches, undertake investigations where required, and support the MLRO in submitting (as appropriate) STR (Suspicious Transaction Report) to QCB in a timely manner with complete and accurate information.
- Respond in a timely manner to Compliance/AML/Sanctions related queries/investigations of QCB/HO/Other Regulators/Law Enforcement Agencies, as well as provide expert guidance to branches/units upon referrals/queries.
- Liaise and support IBG-Compliance in implementation of Bank’s/Regulator’s Compliance Policies/Requirements and roll-out of related systems/initiatives across Qatar branches.
