Job Description
Detailed Roles and Responsibilities:
• Ensure complete adherence of the Compliance Control and AML/ CFT operational activities to Doha Bank policies, procedures, internal controls, Norkom/Detica Process Management Procedures and Compliance & AML/CFT Policy /Procedures.
• Perform proper implementation of yearly inspection plan, including but not limited to pre-inspection, on-field inspection, and post-inspection plans, in line with the approved plan.
• Support the Country Compliance Officer in evaluating the effectiveness/adequacy of available systems, policies and internal controls to mitigate the Compliance/regulatory and AML/CFT risks.
• Assist in reviewing new products in terms of Compliance and AML/CFT and highlighting the gaps officially to the relevant stakeholders of India Branches in coordination with the Country Compliance Officer.
• Perform review of KYC/EDD profiling forms, Source of funds forms and world-check screenings related documents as per the internal policies/procedures and highlight the gaps for necessary rectification during inspection of India Branches.
• Contribute towards imparting specific internal training to the respective stakeholders as per regulatory and policy/procedures requirements pertaining to Compliance and AML/CFT.
• Ensure filing / retrieval of all documents, including but not limited to policies, inspection documents, working papers, and other correspondences.
• Ensure prompt assigning of all Norkom/Netreveal alerts generated daily for India branches.
• Ensure that all relevant Norkom/Netreveal Alerts/Cases are being reviewed, analyzed and investigated, taking into consideration the profile of the customer, detection scenario logic and the related transactions which have breached the threshold/Detection Scenario logic and proper actions are taken on timely basis.
• Promptly identify and highlight suspicious transactions to the Country Compliance Officer for onward submission to FIU with proper record keeping. Maintain records of all the cases investigated but not reported to file STR’s.
• Ensure that all Local Black list screenings (if any) are being done properly.
• Ensure to provide appropriate recommendations/comments for disposition of alerts/case on the investigation performed for an alert/case in Norkom/Netreveal for all the modules.
• Ensure that all relevant Norkom/Netreveal alerts/cases for investigation are based on the ageing of the alerts and the risk (Alert Score) associated with an alert/case.
• Review the transactions pertaining to customers in all available applicable systems , including but not limited to Norkom/Netreveal , ECC, Citrix, CTL and Netterm-Core Banking.
• Ensure proper review and closure of CDD/ODD Alerts.
• Ensure to send the excel for all the AML/WLM/CDD/ODD Alerts closed on daily basis to Country Compliance Officer for review to have a maker/checker process.
• Ensure that Source of Funds forms are in place for the transactions breaching segment limit.
• Assist the Country Compliance Officer in reviewing the policy and procedures of India Branches and highlight the related gaps to the business functions.
• Assist the Country Compliance Officer in preparing Compliance and AML/CFT Returns (if any) and ensure submission to the relevant authorities on time.
• Maintain MIS / track and follow up with the branches for timely resolution of pending exceptions/alerts/cases and escalating to the Country Compliance Officer in case of any delays.
• Ensure that while reviewing the alert/cases or transaction activity of the customer , if it is observed that the profile of the customer requires to be enhanced from the existing risk rating, necessary actions to be taken accordingly in consultation with the Country Compliance Officer.
• Respond to Due Diligence AML Questionnaires (Incoming) and AML Queries related to correspondent banking relationships (Nostro, Vostro, RMA etc) for timely delivery in coordination with Country Compliance Officer.
• Assist the Country Compliance Officer in conducting annual exercise of sending Due Diligence AML Questionnaire (Outgoing) for all Exchange Companies in coordination with the Branches and ensure that the responses are reviewed timely and highlighting any alarming observations/gaps to the Country Compliance Officer.
• Support the Country Compliance Officer on matters related to various AML/CFT monitoring systems/tools/applications in terms of issue handling/conducting UAT’s /reviewing documents, preparing test cases, involvement in analysis and design phase, tuning procedures etc.
• Handle any other projects/assignments, as assigned by the Head of AML/ CFT Unit and Country Compliance Officer.
• Ensure complete adherence of the Compliance Control and AML/ CFT operational activities to Doha Bank policies, procedures, internal controls, Norkom/Detica Process Management Procedures and Compliance & AML/CFT Policy /Procedures.
• Perform proper implementation of yearly inspection plan, including but not limited to pre-inspection, on-field inspection, and post-inspection plans, in line with the approved plan.
• Support the Country Compliance Officer in evaluating the effectiveness/adequacy of available systems, policies and internal controls to mitigate the Compliance/regulatory and AML/CFT risks.
• Assist in reviewing new products in terms of Compliance and AML/CFT and highlighting the gaps officially to the relevant stakeholders of India Branches in coordination with the Country Compliance Officer.
• Perform review of KYC/EDD profiling forms, Source of funds forms and world-check screenings related documents as per the internal policies/procedures and highlight the gaps for necessary rectification during inspection of India Branches.
• Contribute towards imparting specific internal training to the respective stakeholders as per regulatory and policy/procedures requirements pertaining to Compliance and AML/CFT.
• Ensure filing / retrieval of all documents, including but not limited to policies, inspection documents, working papers, and other correspondences.
• Ensure prompt assigning of all Norkom/Netreveal alerts generated daily for India branches.
• Ensure that all relevant Norkom/Netreveal Alerts/Cases are being reviewed, analyzed and investigated, taking into consideration the profile of the customer, detection scenario logic and the related transactions which have breached the threshold/Detection Scenario logic and proper actions are taken on timely basis.
• Promptly identify and highlight suspicious transactions to the Country Compliance Officer for onward submission to FIU with proper record keeping. Maintain records of all the cases investigated but not reported to file STR’s.
• Ensure that all Local Black list screenings (if any) are being done properly.
• Ensure to provide appropriate recommendations/comments for disposition of alerts/case on the investigation performed for an alert/case in Norkom/Netreveal for all the modules.
• Ensure that all relevant Norkom/Netreveal alerts/cases for investigation are based on the ageing of the alerts and the risk (Alert Score) associated with an alert/case.
• Review the transactions pertaining to customers in all available applicable systems , including but not limited to Norkom/Netreveal , ECC, Citrix, CTL and Netterm-Core Banking.
• Ensure proper review and closure of CDD/ODD Alerts.
• Ensure to send the excel for all the AML/WLM/CDD/ODD Alerts closed on daily basis to Country Compliance Officer for review to have a maker/checker process.
• Ensure that Source of Funds forms are in place for the transactions breaching segment limit.
• Assist the Country Compliance Officer in reviewing the policy and procedures of India Branches and highlight the related gaps to the business functions.
• Assist the Country Compliance Officer in preparing Compliance and AML/CFT Returns (if any) and ensure submission to the relevant authorities on time.
• Maintain MIS / track and follow up with the branches for timely resolution of pending exceptions/alerts/cases and escalating to the Country Compliance Officer in case of any delays.
• Ensure that while reviewing the alert/cases or transaction activity of the customer , if it is observed that the profile of the customer requires to be enhanced from the existing risk rating, necessary actions to be taken accordingly in consultation with the Country Compliance Officer.
• Respond to Due Diligence AML Questionnaires (Incoming) and AML Queries related to correspondent banking relationships (Nostro, Vostro, RMA etc) for timely delivery in coordination with Country Compliance Officer.
• Assist the Country Compliance Officer in conducting annual exercise of sending Due Diligence AML Questionnaire (Outgoing) for all Exchange Companies in coordination with the Branches and ensure that the responses are reviewed timely and highlighting any alarming observations/gaps to the Country Compliance Officer.
• Support the Country Compliance Officer on matters related to various AML/CFT monitoring systems/tools/applications in terms of issue handling/conducting UAT’s /reviewing documents, preparing test cases, involvement in analysis and design phase, tuning procedures etc.
• Handle any other projects/assignments, as assigned by the Head of AML/ CFT Unit and Country Compliance Officer.
💡 Quick Summary
Seeking a career-building opportunity? The Compliance Officer | India Operations position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.