Associate, Anti-Money Laundering

Job Accountabilities:

• Compliance with requests communicated by the respective departments:
• Documents requested by the Central Bank of Kuwait, Kuwait Financial intelligence Unit, Public Prosecutor and all other related local regulatory bodies.
• Ensure that all documents are accurate and provided within a timely manner as set in the procedure.
• Analyze transactions within customer accounts as per requested investigation requested period.
• Investigations:
• Carry out investigations related to potential money laundering or terrorist financing.
• Analyze transactions within customer accounts based on alerts generated from AML Transaction Monitoring System (TMS).
• Escalate investigations as set in the related procedure.
• AML Monitoring:
• Release pending transactions that conducted by branches, treasury, and any other related departments, and ensure completion within a timely manner as set in the procedure.
• Monitor daily transactions and operate monitoring programs.
• Maintain and update sanctions / enforcement lists.
• Receive and process Internal Suspicious Transaction Reports.
• Identify violations and filter these to ensure only most serious are escalated to the line manager.
• Advice across Gulf Bank:
• Advise employees on AML issues and resolve AML compliance issues or concerns.
• Provide practical advice and support on AML issues and concerns.
• Reporting:
• Prepare Suspicious Transaction Reports (STRs) for local AML authorities and review them with the line manager.
• Address queries raised by correspondent banks related to certain transactions and resolve issues related to that matter.
• Communications and Systems:
• Consistently communicate and provide requested updates to the line manager.
• Ensure confidentiality in the information provided and avoidance of sharing information and tipping off within and outside of the bank.
• Operate all bank systems smoothly and follow up with the respective departments on missing documents or documents unavailable in the system.
• Aware of Branch operations and how transactions are processed.
• Raise any concerns to the respective department if needed and ensure that all issues are tackled within a short time period.
• Ensure completion of any additional job requested from the concerned departments.Generic Accountabilities

Corporate Governance and compliance: Work fully within risk policies and procedures and all compliance regulations.