Anti Money Laundering Specialist (Qatarization)

About Commercial Bank

Established in 1975 and based in Doha, Commercial Bank plays a key role in Qatar's economy by delivering a comprehensive range of services including personal, business, government, international, and investment banking. The bank emphasizes empowering its workforce, encouraging career growth and professional advancement while promoting a culture of innovation and work-life harmony.

Role Overview

The AML Specialist will be an integral part of the Compliance team, reporting directly to the AML/CTF Monitoring Team Leader. This role is essential for executing daily anti-money laundering (AML) and counter-terrorist financing (CTF) monitoring processes such as payment and name screening. The incumbent will identify suspicious activities, escalate concerns promptly, and liaise with both internal stakeholders and key regulatory bodies like QCB and FIU to ensure timely reporting and follow-up actions.

Key Responsibilities

• Perform daily AML/CTF monitoring activities including payment transactions and name screening, detecting suspicious matches.
• Refer cases requiring in-depth investigation to the AML investigator and track follow-ups with branches and business units.
• Address inquiries and requests from regulators such as QCB and FIU promptly.
• Ensure compliance with KYC and due diligence mandates across business units.
• Assist management with comprehensive AML monitoring procedures including blacklist validations, documentation, data entry, due diligence checks, and record management.
• Collaborate in complex AML/CTF investigations involving coordination with multiple departments to determine the appropriate course of action under applicable legal frameworks.
• Handle enhanced due diligence (EDD) inquiries and maintain departmental KPIs and SLAs.
• Identify and propose improvements to existing policies, systems, and processes to enhance AML effectiveness.
• Adhere strictly to departmental protocols, standard operating procedures, and instructions to maintain consistent operational control.

Qualifications and Experience

• Bachelor’s degree or equivalent qualification.
• CAMS certification is preferred.
• Between 0 to 4 years of experience in compliance and AML roles within the banking sector.

Skills and Competencies

• Strong ability to engage with both internal teams and external stakeholders effectively.
• Capable of performing accurately under pressure with high attention to detail.
• Proficiency in Arabic is preferred alongside bilingual capabilities in English and Arabic.
• Understanding of local cultural, social factors, and labor law provisions.
• Knowledge and practical application of risk management principles.

Employee Benefits and Culture

• Recognized as the Best Digital Bank and for the Best Mobile Banking App in the Middle East in 2024.
• A digital-first workplace fostering innovation and usage of cutting-edge banking technologies.
• Opportunities for international exposure and connections through global partnerships.
• Emphasis on employee well-being and maintaining work-life balance in a supportive environment.
• Competitive salary and benefits aligned with employee performance and dedication.
• A strong commitment to diversity, equity, and inclusion, valuing individual perspectives.

Additional Information

Commercial Bank reserves the right to modify or withdraw the vacancy at any time without prior notice. Only shortlisted applicants will be contacted for further procedures.