Perform bank-wide risk assessment to identify the Bank?s exposure related to the risk of Trade Based Money Laundering (TBML) and breach of local/international Sanctions, including but not limited to the sanctions imposed by UN, OFAC, UK-HMT, EU, and Qatar NCTC etc.
In view of the bank?s exposure to the risk of TBML and breach of local/international Sanctions, develop appropriate risk strategies by enhancing the bank?s controls related to TBML and Sanctions e.g. the development of appropriate Policies, Procedures, Systems and Controls.
Work collaboratively with the team to provide timely, accurate and sound advice to business in the area of Sanctions and TBML, including advice related to customer payments and bank transactions in the context of local/international Sanctions.
Manage ongoing customer and payment screening activity conducted by Sanctions Governance team, ensuring that appropriate and swift actions are taken in relation to the payments stopped by the bank?s filters.
Manage ongoing TBML monitoring activity conducted by Sanctions Governance team to ensure that the underlying TBML risk is appropriately mitigated,
Participate in the development of TBML automated scenarios and manual reports and conduct periodic effectiveness assessment of TBML scenarios.
Ensure timely and accurate processing of name search requests received from local regulators and law enforcement, and taking the necessary actions to block/freeze accounts/assets of designated persons in line with QCB regulations.
Maintain a robust list management programme to ensure that the bank and its customers do not do business with sanctioned parties or deal in banned materials etc. Actively manage black- and white lists ingested in the bank?s screening systems.
