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.