Compliance Officer, Wholesale Banking

Career Opportunities: Compliance Officer, Wholesale Banking (6992)

The resource is required to perform the following functions which will be a full-time job covering all types of customers i.e. Corporates/FIs/Banks like Correspondent Banks (Vostro & Nostro relationships) and Internal or RMA-based accounts:

• KYC policies and procedures implementation and maintenance: Ensuring the units functions are up-to-date with the latest KYC policies from our Compliance/QCB/QFMA. Full compliance with Bank’s AML KYC Compliance policies, procedures.
• KYC Process
• Internal systems (CRM/Equation/Documentum etc): Familiarize with system for populating customer-based information along with documentation of each KYC in respective application given that the expertise will be developed over time based on system usage.
• External inquiries (KYC or RFIs): Proactively communicate with Relationship teams on respective portfolios along with Compliance to address the Regulator and Correspondent Banks KYC/Compliance related enquiries in a timely manner.
• Risk Grades: Regular review of AML KYC risk grades based on latest policies and procedures
• Manual maintenance of KYC database: Ensure correct and accurate KYC status updates on a daily basis; managing and maintaining KYC Deferrals; close follow-ups of any open KYC cases.
• Keeping the KYC-related SOPs, guidance documents and Delegation of Authorities up to date and ensure regular reviews periodically or owing to changes due to Business, Compliance or Regulatory requirements.
• Initiatives: Contribute to the overall successful implementation of all transformation and projects within the bank/ department related to KYC matters.

Key Accountabilities

• Demonstrating solid business analysis and quality assurance skills.
• Continuously identify automation opportunities and implement where needed.
• Engage proactively with all internal and external stakeholders, including other SBUs, Operations, IT, Compliance, QCB, vendors etc. and work proactively on AML KYC initiatives and projects .
• Identify and create action plans for process improvement.
• Model and foster behaviours that support the Bank’s values and corporate culture creating an atmosphere of trust, cooperation, accountability and dedication to the organization.
• Presenting results from QA and intelligence gathering reports to Senior Management.
• Knowledge and experience with QCB laws, regulations and related compliance requirements (including reporting and record retention requirements), international AML/CFT standards such as those promulgated by the Financial Action Task Force, Basel, OFAC compliance, and understanding of how changes in those regulations or compliance requirements affect CB management.
• Identifies potential and emerging risks or issues through detailed analyses
• Participate and support projects and departmental initiatives.

Perform other related duties or assignments as directed

Education

• Bachelor’s Degree, in Business-related major