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Job Description
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- Assist in formulating, implementing and mainting AML related policies and procedures throught the Bank.
- Assist in identifying, assessing and managing the AML risks associated with Bank's operations, products and business activities.
- Perform day to day activities and task of monitoring banks transactions for the purpose of combating money laundering and terrorist financing.
- Review and approve suspicious transactions and blacklist investigation reports, and submitting reports to concerned authorities.
- Liaise with Financial Intelligence Unit on all matters relating to suspicious transitions.
- Consult with and advice branches and other operating units with regards to AML and KYC compliance related issues.
- Assisting in preparing written guidance to staff members and operating/business units on the appropriate implementation of applicable laws and regulations.
- Conduct review and prepare periodical reports on AML and KYC status to the management.
- Establish and maintain appropriate risk-based AML-CTF monitoring processes that are proportionate to the scale, nature and complexity of the Bank's Operations.
- Ensure that all employees are aware of thier personal obligations and the Bank's procedures.
- Assist in Training programs to all staff on an ongoing basis as to raise awareness with regard to AML/CTF/KYC and law and regulation requirements.
- Keep up to date with new money laundering requirements, developments and international best practices to ensure applicability wherever possible.
- Represent the Bank to all external agencies in the Sultanate (Central Bank of Oman, Capital Market Authority, Financial Intelligence Unit), and in any other thier party inquiries in relation to money to money laundering prevention, investigation.
- Prepare an annual Money Launderign Compliance Report for the Bank's Board of Directors, detaling the BAnk status against the AML objectives.
- Maintenance of update information of entities/individuals on restricted list of UN, OFAC, etc., in connections with AML/CTF verifications regarding existence of such account in the branches books.
- Monitor ongoing activities and transactions and AML compliance and report findings to Manager Compliance AML/CTF.
- Coordinate , liaise and resolve with the branches and operating units all queries related to AML and KYC and report unresolved matters and/or any significant findings to Manage Compliance AML/CTF.
- Assist the Manager Compliance AML/CTF in assigning level of risk to individual areas to determine the level and frequency of training, tetsing and monitoring concerning AML and KYC.
- Assist Manager Compliance AML/CTF on providing a training to staff and raise awareness of ANti-Money Laundering and KYC policies and procedures.
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Personal Internet Banking
