Compliance

Islamic Capital Market

2.6.5 Compliance – AML

Description of role

Responsible for day-to-day AML/CTF and compliance regulations. Maintain, update, and where appropriate establish AML policies and procedures and assessment techniques for the bank.

Core skills

Ability to develop monitoring tools to examine and report variance and abnormal or suspicious instances of activity
Ability to develop and maintain policies and procedures in relation to AML / CTF
Knowledge of CDD and EDD processes, tools and systems
Understanding of sanctions strategies and processes
Knowledge of designing and implementing a risk assessment framework for all customer interactions
Understanding of suspicious transaction reporting and processes for investigating it

Qualification and/ or certification

QFSQF Level 3
QFMA CISI (mandatory)
- International Introduction to Securities and Investment
- QFMA Rules and Regulation
- International Introduction Award
- Certificate in Combatting Financial Crime
- Investment Operations Certificate
- Certificate in Global Financial Compliance
Professional certification desirable (e.g. Certified Anti-Money Laundering Specialist Examination)
Relevant experience

Industry knowledge

Knowledge of local / international KYC / AML / CTF
Understanding of risk management

Regulatory compliance of role

Ability to identify changes to laws and regulations or industry guidance to ensure that management are aware of developing regulatory obligations in respect of the prevention of AML / CTF
Knowledge of monitoring developments with FATF recommendations and sanctions regimes

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