Manager – AML – Commercial Bank of Kuwait
–To ensure that the bank and relevant business areas conduct their businesses in compliance with relevant AML & CFT laws and approved policy, ministerial resolutions and Central Bank regulatory instructions.
-Assist in developing and maintaining a thorough understanding of the requirements of:
*CB regulations related to AML & CFT.
*Law 106/2013 and its bylaws.
*Ministerial Resolution 5/2014.
*Kuwait Financial Intelligence Unit stipulations.
*Central Bank and Ministry of Social Affairs rules concerning charities.
*Approved AML & CFT policies and procedures of the Bank.
*International standards related to AML & CFT issued by international organization such as FATF/Wolfsburg group and Basel.
-Assist in reviewing, drafting, updating and ensuring adherence to the following:
*AML & CFT policy.
*CRFs and KYCs forms to ensure inclusion of all required AML/KYC information.
*AML & CFT procedures to ensure they contain all legal and regulatory requirements.
-Assist in investigating all suspicious transactions for validity, and drafting the report STR if required.
-Assist in evaluating AML standards of CBK correspondents.
–Responding to all cases referred to CBK by the Anti-Terrorism local government Committee (resolution 5/2014).
-Developing and maintaining a thorough understanding of the user manual of Swift Sanction Screening or any other equivalent system used by AML Unit.
-Dealing with all cases alerted by Swift Sanction Screening or any other equivalent system.
-Developing and maintaining a thorough understanding of the user manual of Dow Jones search engine or any other equivalent system used by the AML Unit.
-Assist in dealing with all high and moderate risk cases alerted by AML systems used by AML Unit.
-Assist in reviewing all products and delivery channels in the bank to evaluate on AML associated risks.
-Assist in providing support to projects handled by Head of AML.
-Provide the required support and help to the bank’s departments.
|Job Location:||Al Kuwait, Kuwait|