Required job: Compliance Supervisor for a leading exchange company

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Description

.Have at least two years of experience in exchange companies or local banks
Basic tasks required
1- Assist in developing an internal policy and procedures that limit the risks of money laundering and terrorist financing, and work to implement them within the profession or institution to which he belongs.

2- Monitoring the extent to which systems and transactions within the institution comply with laws, regulations and agreements related to combating money laundering and terrorist financing.

3- Establishing a mechanism to study the assessment of the risks of money laundering and terrorist financing, in view of the services and transactions provided by his institution or the clients who deal with it.

4- Periodic follow-up of the files of operations and clients that show a high-risk assessment.

5- Monitoring and following up on indicators and recommendations issued by the competent authorities and organizing and activating them within the institution.

6- Submitting reports and recommendations to senior management on the extent to which compliance with the commitment to combating money laundering and terrorist financing within the institution.

7- Continuous training and attendance of the necessary courses to combat money laundering and terrorist financing, and training and testing employees in the institution to detect and report high-risk operations and clients.

Therefore, it is the duty of compliance officers and officers to obtain the necessary and enlightened knowledge in the field of money laundering and terrorist financing; the most important of these matters in Kuwaiti law is to be aware of the Money Laundering and Terrorism Financing Law and its executive regulations in terms of the crimes it contains and the obligations it imposes, and to translate this knowledge into the institution to which it belongs, and to periodically follow up on the instructions issued by the regulatory authorities in general, and by the Financial Investigations Unit in particular, especially the models it presents on how to report suspicions of money laundering and terrorist financing, and on high-risk indicators about operations and customers, and to follow up on everything presented by local or international governmental and non-governmental bodies and institutions specialized in the field of combating money laundering and terrorist financing. If you are interested in this, please send your CV to

Basic Details

Location : Farwaniya , Kuwait

Qualification :

Posted : 6 months ago

Job Type : Full-Time

Company : Kuwait Jobs

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