MONEY LAUNDERING REPORTING OFFICER (MLRO) / CHIEF COMPLIANCE OFFICER
QATAR - DOHA
Job Description
• Oversee the implementation of AML / CFT policy, procedure, system and control including risk based approach.
• MLRO ensures the appropriate policy, procedure, system and controls are developed, established and maintained in the exchange to monitor day to day operations for the compliance AML / CFT law and regulations and to assess them periodically. Also to make management review of the same to prevent ML/TF
• MLRO is the focal person in implementing Al Zaman Exchanges AML/ CFT strategies.
• MLRO has free and unconditional access to all customer information and transactions to specify transactions analyse and control effectively
• MLRO support the Board on managing the Al Zaman Exchange’s ML / TF risk
• MLRO ensures the wider responsibility of preventing ML/TF is addressed.
• MLRO ensures the AML/CFT monitoring and accountability
• To receive, investigate and assess the internal STR
• To make STR to FIU
• MLRO is the focal contact between Al Zaman Exchange, FIU, Regulators and state authority in relation to AML/CFT issues.
• MLRO ensures prompt response to information by FIU, regulators in relation to AML / CFT issues.
• Receive and act on government, regulatory and international finding about AML/CFT issues.
• Monitoring the effectiveness of the AML/CFT training programmes
• Report to the Board on AML/CFT issues.
• MLRO will exercise all other functions given to him under AML/CFT law and regulation.
• MLRO keep Deputy MLRO informed about significant AML/CFT development.
• MLRO will exercise his responsibilities honestly, reasonably and independently, particularly when receiving investigating and assessing the STR and to decide whether to make STR to QFIU.
• Ensure compliance with existing, new and revised laws and regulations in a timely manner; tracking, monitoring, analysing, and implementing regulatory changes that impact core business and operations.
• Determine the compliance of policies, procedures, and products through self-assessments conducted by the Company and Compliance Department and checklists completed by departmental management/staff.
• Verify that recommended corrective actions discussed in self-assessment, audit, and business reports are implemented and monitored for continued compliance.
• Provide compliance support to staff.
• Establish an internal compliance review (self-assessment) program that will provide an independent review function to:
Assess the effectiveness of policies, procedures, and internal processes in assuring adherence to applicable laws and regulations;
Identify opportunities to reduce operational, financial, legal and regulatory risk; and
Identify opportunities to eliminate inefficient and/or redundant procedures, forms, or to otherwise facilitate Exchange operations
• MLRO ensures the appropriate policy, procedure, system and controls are developed, established and maintained in the exchange to monitor day to day operations for the compliance AML / CFT law and regulations and to assess them periodically. Also to make management review of the same to prevent ML/TF
• MLRO is the focal person in implementing Al Zaman Exchanges AML/ CFT strategies.
• MLRO has free and unconditional access to all customer information and transactions to specify transactions analyse and control effectively
• MLRO support the Board on managing the Al Zaman Exchange’s ML / TF risk
• MLRO ensures the wider responsibility of preventing ML/TF is addressed.
• MLRO ensures the AML/CFT monitoring and accountability
• To receive, investigate and assess the internal STR
• To make STR to FIU
• MLRO is the focal contact between Al Zaman Exchange, FIU, Regulators and state authority in relation to AML/CFT issues.
• MLRO ensures prompt response to information by FIU, regulators in relation to AML / CFT issues.
• Receive and act on government, regulatory and international finding about AML/CFT issues.
• Monitoring the effectiveness of the AML/CFT training programmes
• Report to the Board on AML/CFT issues.
• MLRO will exercise all other functions given to him under AML/CFT law and regulation.
• MLRO keep Deputy MLRO informed about significant AML/CFT development.
• MLRO will exercise his responsibilities honestly, reasonably and independently, particularly when receiving investigating and assessing the STR and to decide whether to make STR to QFIU.
• Ensure compliance with existing, new and revised laws and regulations in a timely manner; tracking, monitoring, analysing, and implementing regulatory changes that impact core business and operations.
• Determine the compliance of policies, procedures, and products through self-assessments conducted by the Company and Compliance Department and checklists completed by departmental management/staff.
• Verify that recommended corrective actions discussed in self-assessment, audit, and business reports are implemented and monitored for continued compliance.
• Provide compliance support to staff.
• Establish an internal compliance review (self-assessment) program that will provide an independent review function to:
Assess the effectiveness of policies, procedures, and internal processes in assuring adherence to applicable laws and regulations;
Identify opportunities to reduce operational, financial, legal and regulatory risk; and
Identify opportunities to eliminate inefficient and/or redundant procedures, forms, or to otherwise facilitate Exchange operations
Skills
University Graduate or Higher
CAMS Certified ( MANDATORY)
Bank/Exchange House AML experience
Fluency in English and Arabic Language
Arab Nationality preferred
CAMS Certified ( MANDATORY)
Bank/Exchange House AML experience
Fluency in English and Arabic Language
Arab Nationality preferred
Job Details
- Job Location
- Doha, Qatar
- Company Industry
- Banking; Financial Services; Management
- Company Type
- Employer (Private Sector)
- Job Role
- Banking
- Employment Type
- Full Time Employee
- Monthly Salary Range
- Unspecified
- Number of Vacancies
- 1
Preferred Candidate
- Career Level
- Management
- Years of Experience
- Min: 4
- Residence Location
- Algeria; Bahrain; Comoros; Djibouti; Egypt; Iraq; Jordan; Kuwait; Lebanon; Libya; Mauritania; Morocco; Oman; Palestine; Qatar; Saudi Arabia; Somalia; Sudan; Syria; Tunisia; United Arab Emirates; Yemen
- Gender
- Male
- Nationality
- Algeria; Bahrain; Comoros; Djibouti; Egypt; Iraq; Jordan; Kuwait; Lebanon; Libya; Mauritania; Morocco; Oman; Palestine; Qatar; Saudi Arabia; Somalia; Sudan; Syria; Tunisia; United Arab Emirates; Yemen
- Degree
- Bachelor's degree / higher diploma
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