Manager – AML – Commercial Bank of Kuwait

Job Listing No: 9740000

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 Details

Posted Date:2018-06-14
Job Location:Al Kuwait, Kuwait
Job Role:Other
Company Industry:Banking

Preferred Candidate

Career Level:Management
Degree:Bachelor’s degree

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