Summary
Tap Payments is hiring a Deputy Money Laundering Reporting Officer in Doha to oversee AML/CFT and anti-fraud compliance under Qatar Central Bank requirements. The role covers transaction monitoring and investigations, KYC reviews, regulatory reporting, policies and controls, sanctions screening, and AML training. Applicants need at least seven years of relevant audit, monitoring, payment services, or financial services experience, strong analytical and communication skills, and native Arabic with excellent written and spoken proficiency. The successful candidate must reside in Qatar and receive QCB approval before appointment.
The posting
As published on tap.company. Pulled from the employer's site and shown as they wrote it.
About Tap
Tap Payments is revolutionizing online payments across the MENA region by connecting businesses with simple, unified payment experiences. We need exceptional talent to help us on this journey.
The Compliance Team
Our compliance team believes merchant payments should be ultra-safe and secure. That's why they work hand-in-hand with regulators throughout the region. With the key purpose of creating a safe transaction environment for our global merchants and if you share similar beliefs, this might be the team for you.
As a Tapster you will;
Act as the DMLRO responsible for ensuring that all transactions are compliant with the requirements of AML/CFT (including AFC) laws and regulations issued by the QCB.
Ensure compliance with the requirements of FC Module.
Monitor both domestic and international changes in applicable regulation and ensure that all relevant developments/changes are communicated to concerned staff.
Establish and maintain adequate systems, controls and policies to meet the requirements of the QCB and other applicable regulators.
Develop and strengthen relationships with department heads and staff to promote best practice and ensure a good understanding of AML and CFT, as well as other FC Module requirements, as necessary.
Review and verify the adequacy of Know Your Customer (“KYC”) information to ensure that business is conducted in compliance with all relevant regulatory obligations.
Report to management all significant exceptions, and ensure that actual or potential breaches are investigated and remedied promptly.
Report to the QCB on the process of AML implementation as required.
Be responsible for KYC periodical reviews and for developing discrepancies reports as required.
Arrange for implementing an AML training program and for the development and delivery of internal and external AML awareness plans.
Develop AML, CFT and anti-fraud policies and programs as applicable/required.
Oversee the daily review and investigation of customers escalated by the AFC unit.
Exercise decision-making authority over the business on requests received from the QCB.
Oversee the analysis of suspicious behaviors to confirm or discharge suspicions.
Oversee and maintain logs, records, and ensure investigation results, reports, and documents are properly kept.
Be responsible for the development and delivery of all QCB-related reports.
Create and amend scenarios, thresholds, and parameters according to customers’ behavior and a risk-based approach.
Be responsible for the annual review of the efficiency and effectiveness of the transaction monitoring process.
Be responsible for the full delivery of AML (and AFC) department projects such as acquiring or developing systems and controls.
Create and maintain the AML/AFC risk registers.
Handle audit requirements and inspections related to AML/CFT matters and collaborate with audit teams as necessary.
Develop, review, and update AML/CFT policies, procedures, and guidelines to align with changing regulations and industry best practices.
Monitor transactions against lists of sanctioned persons, entities, or countries issued by government and competent authorities, and ensure the company’s compliance with sanctions and embargoes.
What you bring to the party;
Minimum of 7 years practical experience in an audit/monitoring or Payment Services or Financial Services environment.
Project management, presentation, and report writing skills.
Excellent communication and interpersonal skills.
Analytical skills.
Attention to detail.
Highly PC literate.
Industry knowledge – payment services or financial services.
Understanding of GCC regulations or other international financial regulatory bodies.
Understanding of regulatory framework.
Resident in the state of Qatar.
A DMLRO must be approved by the Qatar Central Bank prior to appointment.
The position of DMLRO is a controlled function as per the QCB’s Rulebook Financial Crime (“FC”) Module and the DMLRO is an approved person.
Native Arabic speaker with excellent written and spoken Arabic skills
Are you ready to shape the future of payments in MENA?