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