Ensure conformance with the approved Compliance & AML/CFT policies and procedures manual
Anticipate emerging issues through research and interviews and deciding how best to deal with them
Gather data and perform analysis to assist the Compliance & AML Manager in the development of the annual compliance review plan
Perform business process understanding and process documentation capturing regulatory requirements
Identify major compliance and AML/CFT risks and key controls in place
Perform any other duties as may be assigned from time to time
Execute the annual compliance review plan, in line with Compliance and AML Manager’s direction
Collaborate with other departments to advise and direct compliance issues to appropriate existing channels for investigation and resolution
Coordinate with regulatory inspectors and internal auditors; responds to alleged violations of rules, regulations, policies, procedures, and standards of conduct and ensure adequate follow-up on the status of action plans set for such violations based on the direction of the Compliance & AML Manager
Monitor, and as necessary, coordinate compliance activities of other departments to remain abreast of the status of all compliance activities and to identify trends
Identify potential areas of compliance vulnerability and risk; implement corrective action plans for resolution of problematic issues based on the direction of the Compliance & AML Manager, and provides general guidance on how to avoid or deal with similar situations in the future
Maintain communications with regulatory authorities
Anti-Money Laundering
Conduct AML screening over all prospective clients, vendors, and employees, and raise the results of the screening conducted to the Compliance & AML Manager
Conduct due diligence investigations for suspicious activities, closing alerts and escalating suspicious activities for further investigation
Reviewing and assessing alerts for money laundering risk and liaising with business areas as necessary to investigate the alerts further
Coordinate with concerned departments and counterparties in opening accounts (bank, broker, custodian, counterparties etc.) with counterparties to complete the Know Your Client as required by Anti-Money Laundering legislation
Ensure that the KYC forms and documents are complete, and verifies that their names/entities have been properly checked and screened for new clients
Job Details
| Posted Date: | 2020-12-20 |
| Job Location: | Al Kuwait, Kuwait |
| Job Role: | Legal |
| Company Industry: | Banking; Insurance & TPA |
Preferred Candidate
| Career Level: | Mid Career |
| Nationality: | Kuwait |
| Degree: | Bachelor's degree |
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