The Group is one of the top esteem establishments in Doha Qatar, which began in 1997 with a solid foundation that has a book value of over 200,000,000/- Qatar riyals as of 2019. The Group achieved a healthy profit of 40,000,000/- last year in a challenging financial environment thanks to its structured &proven strategy of innovation new technologies & automation.
1.Role Objective
•Internal Controls Manager the primary responsibility of this position is implementing, directing and overseeing the control and compliance program. The incumbent should be able to Lead, partner, collaborate and provide thought leadership on Regulatory Compliance and AML matters.
• The incumbent is responsible for aligning the Firms Compliance Program to international standards and ensuring its continuous enhancement to identify compliance risks.
•Track and reflect the changes as issued by the relevant bodies, which are applicable to company policy.
•Monitoring Collection Department an ensure that the outstanding dues in good shape.
•Representing The Group Company with the External Auditors.
2.Detailed Roles & Responsibilities
FINANCIAL
•Provide Risk and Financial Crime compliance advice to the business and management on a range of regulatory issues, including process enhancements ,controls and new product developments
•Develop plans to mitigate risk and maintain compliance in daily business activities.
•Responsible for conducting transaction-monitoring reviews, investigations, and reporting suspicious activity related to money laundering and terrorist financing (SAR filings).
•Design and conduct periodic risk assessments / compliance monitoring and testing, and thereafter produce reports and complete and close any corrective action plans to minimize any unforeseen financial loss for the company.
•Following up on the collection reports and calculate the provisions to mitigate the risk.
CUSTOMER
•Responsible for performing KYC/CDD/EDD on new customers and during periodic account reviews. Work with business units (branch personnel, financial advisors) to resolve account-opening issues, obtain necessary information during investigations and perform on going reviews of the KYC/customer. Follow up and track all documents required to satisfy new account requirements.
•Be first point of contact for the regulator and financial intelligence unit when submitting external suspicious activity reports
•Liaise with and report to regulatory agencies, as required
•Review all the transactions in the daily settlement file
•Report the suspected transactions to the card operation manager to report to visa or master-card as per their policy
•Review all the application process and confirm all the processed as per the policy, obtained higher management approval for the exceptions
INTERNAL
•Design and conduct periodic risk assessments / compliance monitoring and testing, and thereafter produce reports and complete and close any corrective action plans
•Assist and direct entity in the adequate implementation of the Compliance Framework and the Internal Control Framework and ensure their continuous embeddedness.
•Conduct daily review of all work by departments to verify that proper process & procedures are followed along with correct input of information including but not limited to Review all the visa and Master-card file processed daily and reconciled
•As & when required escalate to Group Chairman
•Prepare reports for management and external regulatory bodies as appropriate.
•Ensure that new products and services as well as all new/ amended Group policies, manuals and procedures are applicable to the firm operations and are verified from a compliance perspective.
•Randomly check plastic card stocks and reconcile it.
LEARNING & DEVELOPMENT
•Keep abreast of regulatory changes which many affect organization business, as well as evolving best practices in PCI Compliance.
•Help implement the compliance training and monitoring plans and build compliance culture within the organization.
•Communicate the Compliance Monitoring Programs established to all business units and develop the guidelines for its adequate implementation and updates
KEY INTERACTIONS
Internal:
•Group Chairman
•Information Technology Division employees
•Card Operations
•Cards business
•Communication Department
•Legal Department
External:
•Suppliers & Subcontractors
•External Consultants
•Auditors
•QCB
•Visa
•MasterCard
COMPETENCIES, KNOWLEDGE AND EXPERIENCE
Educational Qualifications:
•Bachelor degree Business Administration or related field
•Proficiency in Microsoft Office
•Professional certifications such as CFE/CAMS would be an advantage.
Experience:
•10 in field experience
•Strong English and Arabic language skills
•Knowledge of Internal Control & audits
Behavioral Competencies:
•Interpersonal Personal Excellence
•Leadership & Motivation
•Teamwork
•Powerful Communication
•Flexibility & Adaptability