Deputy Money Laundering Reporting Officer (Deputy MLRO)

Company Overview

Al Jazeera Exchange was founded on November 15, 2003 and started business on January 17, 2004. It provides a broad range of remittance and financial services, including transfers to bank accounts, door-to-door remittance support, bank drafts, corporate funding, and business financing. The company is also authorised to deal in foreign currency exchange and mainly serves expatriate customers. With a strong track record in financial transactions, it offers comprehensive solutions to a varied client base.

Role Overview

The Deputy MLRO will support the organisation’s anti-money laundering and counter-financing of terrorism framework by helping to build policy, oversee risk controls, investigate suspicious matters, and manage regulatory reporting and correspondence.

Key Duties

• Build, update, and sustain AML/CFT policies so they stay aligned with applicable regulations.
• Coordinate money laundering risk controls across different business functions.
• Record and maintain risk management policies together with risk assessment profiles.
• Set up customer, product, and service risk models that follow a risk-based approach.
• Design monitoring processes that are proportionate to the scale and nature of operations.
• Draft internal procedures in line with legal requirements and industry guidance.
• Review suspicious activity reports thoroughly and without delay.
• Make sure employees understand AML responsibilities and company policy requirements.
• Deliver AML and terrorist-financing training while keeping training records up to date.
• Periodically assess how effective the AML compliance policy remains.
• Reply quickly to requests from the FIU, regulator, and state authorities.
• Keep company records current on the QCB portal each year and whenever changes occur.
• Manage correspondence through the F2F Portal.
• Prepare and file quarterly STR (QANNAS) submissions with QCB.
• Prepare the half-yearly report for QCB.
• Address correspondent requests for annual enhanced due diligence.
• Carry out EDD for new correspondents and review existing correspondents every year.
• Assist branch teams and AML staff with complex cases.
• Refresh NCTC listings immediately and send the required feedback.
• Escalate AML system problems and recommend improvements where needed.

Qualifications and Requirements

• In-depth knowledge of regulatory compliance and AML/CFT requirements is essential.
• Strong analytical ability is needed to assess risk and identify suspicious behaviour.
• Understanding of finance, including corporate funding and business financing processes, is important.
• Experience examining financial statements and tracking financial reporting is required.
• The role calls for close attention to detail, sound judgement, and practical problem-solving skills.
• Prior work in the financial services sector is expected.
• A bachelor’s degree in finance, accounting, law, or a similar discipline is required.
• Professional AML certifications such as CAMS are highly preferred.
• Clear communication, good organisation, and the ability to work well with teams are important.

Additional Information

This position is based in Doha, Qatar and is offered on a full-time, on-site basis. No salary, allowance, vacancy count, start date, or application deadline was provided in the source information.