• Al-Tijari CBK Careers | AML Officer

    Al-Tijari CBK Careers | AML Officer

    Location: Kuwait City, Kuwait
    Published:

    Job Description

    Assistant Manager - Loan Review & Credit Portfolio Control

    the Commercial Bank of Kuwait - CBK is currently seeking to hire AML Officer

    Duties and Responsibilities

    Your main responsibilities in this role include the following:

    • Developing and maintaining a thorough understanding of the:

    • Requirements of CB regulations related to AML & CFT.

    • Requirements of Law 106/2013, its bye-laws.

    • Requirements of Ministerial Resolution 5/2014.

    • Requirements of Kuwait Financial Intelligence Unit requirements.

    • Requirements of CB and Ministry of Social Affairs 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.

    • User manual of Swift Sanction Screening or any other equivalent system used by AML Unit.

    • Investigating all suspicious transactions for validity, and report STR if required.

    • Handling all questionnaires and quires received by CBK correspondents and received from Kuwait Intelligence Unit.

    • Provide reports to AML manager on evaluating AML standards of CBK correspondents.

    • Monitoring CBK implementation of CB and the Ministry of Social Affairs instructions related to Charities.

    • Dealing and reporting to AML manager all cases referred to CBK by the Anti-Terrorism local government Committee (resolution 5/2014).

    • Following up to ensure that no services provided to sanctioned persons.

    • Preparing and maintaining tables and statistics for sanctioned persons according to Anti-terrorism local committee decisions.

    • Dealing with all cases alerted by Swift Sanction Screening or any other equivalent system.

    • Conducting the required search for any names provide by business areas of the bank.

    • Dealing with all daily high and moderate risk cases alerted by Siron AML system or any other alternative system used by AML Unit.

    • Following up all cases provided by systems for customers with incomplete CRFs.

    • Drafting and uploading AML related items in both CBK web site and CBK internal site.

    • Periodic revision of CRFs and KYCs form s to ensure inclusion of all required AML/KYC information.


    Job Requirements

    • Bachelor's degree in Accounting, Finance, or any other Business related major

    • Understanding / exposure of functions directly related to AML & CFT or compliance with regulators instructions

    Job Details

    Company/Organization: Commercial Bank of Kuwait - CBK

    Employment Type: Full-time

    Job Location: Kuwait City, Kuwait

    Application Deadline: N/A

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