Senior Correspondent Banking and Control Officer

DOHA BANK; Doha; On-site; QAR 200,000 - 400,000; Full time

Job summary

A leading financial institution in Doha seeks a Senior Correspondent Banking and Control Officer to oversee operations within the Correspondent Banking & Control unit. The role includes managing forex account openings, coordinating AML reviews, and ensuring compliance with KYC processes. Ideal candidates should have a Bachelor’s degree and at least 5 years of relevant experience in banking and financial services.

Qualifications

• Minimum of 5 years of experience in financial services or banking industry.
• Focus on correspondent banking and international banking.
• Strong understanding of service delivery and financial transactions.

Responsibilities

• Oversee the administration of Correspondent Banking & Control unit.
• Ensure efficient service delivery to foreign clients.
• Manage opening of forex accounts and coordinate AML reviews.

Skills

International banking expertise

Strong communication skills

Problem-solving skills

Attention to detail

Familiarity with AML regulations

Education

Bachelor’s degree in Business, Banking, Finance, or related field

Tools

Accounting systems

Job description

The Senior Correspondent Banking and Control Officer will be responsible for overseeing the administration and operations of the Correspondent Banking & Control unit, ensuring efficient service delivery to foreign clients. The role involves managing the opening of forex accounts for settlement, coordinating AML reviews, conducting due diligence on correspondent banking relationships, and assisting with the assessment of suspicious activities and financial institution (FI) transactions.

Key Responsibilities

• Ensure end to end process in onboarding Nostro/Vostro/RMA relationships
• Ensure end to end process in onboarding RMA relationships
• Ensure end to end process in onboarding NBFI relationships
• Ensure end to end process in onboarding Brokerage relationships
• Conduct AML Annual Due Diligence exercise on all established relationships
• Onboard relationships required by Doha Finance Limited / DB Securities Limited
• Respond to all incoming KYC queries on behalf of Doha Bank Q.P.S.C. / Doha Finance Limited / DB Securities Limited
• Liaise with all internal stakeholders to ensure true and correct responses are always given to the counterparties on incoming KYC queries.
• Performing KYC checks on Banks and other parties for Financial Institution transactions.
• Establish and maintain existing Master Risk Participation Agreements (MRPA).
• Ensure end to end process in establishing and amending MRPA’s with global counterparts
• Liaise with HO Finance in preparation of Budgets for vendor payments to be made for online subscription.
• Manage subscriptions pertaining to IBG with external service providers by coordinating with the service providers for the renewal of services and liaise with finance team to ensure the payments have reached the service providers.
• Prepare rebate report for monthly MIS
• Liaise with major Nostro providers to maximize revenue share returns to DB transactions.
• Liaise with Nostro providers and support Finance Recon team to ensure NO O/S entries within the time span of 30 days
• Ensure correctness of Wolfsberg CBDDQ prepared for Doha Bank annually
• Ensure end to end process in responding to RFIs received from counterparties
• Support Internal Audit Queries
• Support Compliance audit queries
• Support QCB audit queries

Qualifications & Experience

• Bachelor’s degree in Business, Banking, Finance, or a related field.
• Minimum of 5 years of experience in the financial services or banking industry, with a focus on correspondent banking and international banking.
• Strong understanding of service delivery, correspondent banking practices, and financial institution transactions.
• Knowledge of accounting systems, financial statements, and operational risk management.

Skills & Competencies

• Expertise in international banking and correspondent banking relationships.
• Strong communication and problem-solving skills.
• Ability to manage multiple tasks with attention to detail and adherence to deadlines.
• Familiarity with AML regulations and compliance processes.

Join our team and take on a key role in ensuring the smooth functioning of our Correspondent Banking & Control unit!