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GB1673 - Officer – AML/CFT Unit

Business Unit: Support Groups
Division: Anti Money Laundering
Department: AML
Contract Type: Full Time
Area/Branches: Head Office
Closing Date: 23-Mar-2016

About Gulf Bank

Gulf Bank was established in 1960 and has since progressed to becoming an industry-leading financial services provider complemented by a large network of 55 branches strategically positioned in key locations across Kuwait.

The main groups of the Bank are Consumer Banking, Corporate Banking, International Banking and Treasury.

Job Purpose:

To assist Assistant Manager in carrying out efficiently Unit’s daily operational activities whilst ensuring that the Bank’s policies, procedures and operating processes are compliant with AML/CFT Law No. 106 of 2013, Executive Regulation No. 37 of 2013, CBK Instruction No. 2/BS/IBS/308/2013 and subsequent instructions/ amendments; and that adequate controls are in place to prevent, detect and report suspicions of Money Laundering and Terrorism Financing.   

  • Controls & Investigation

  • AML/CFT Reviews

  • AML/CFT/KYC Enquiries

  • Reports

  • Liaison / Advisory

  • Generic Accountabilities

    Controls & Investigation (Siron AML & Embargo)

  • AML/CFT Officer must create customer profiles according to their risk scores after receiving conspicuous cases from the AML/CFT Manager;

  • Collect and analyze KYC, Enhanced Due Diligence (EDD) and transactional information on the customer, their accounts  and signatories (if applicable);

  • Collect transaction vouchers from the Saperion system, Microfilm and NCR Cheque System, or other Business Units, if required;

  • Conduct searches through Internet and secondary sources to ascertain relevance and context for the conspicuous case(s);

  • Coordinate and follow up with relevant Business Units / Microfilm for required documentation, transactions vouchers or account opening documents;

  • Follow up with the Business & Support Units to ensure incorrect / outdated / missing data / document are updated and have been made available to the AML/CFT Unit as required;

  • Formulate primary opinion about the case by attaching all known KYC information, identification documents including transaction vouchers, KCCI evidence(s) with the case and delegating the case to the Supervisor / Quality Checker for their review;

  • Escalate to the AML/CFT Assistant Manager any data discrepancy identified during the investigation process.

  • Assist in complying with the requirements of Resolution No. 5/2014 in terms of carrying out name search, identifying targeted funds, freezing/un freezing targeted funds, escalation and reporting to the assigned Manager.  

  • Assist in resolving name search entries postponed by branches and other units together with Reaudits and SWIFT entries as per the existing procedure and timelines defined.

  • Formulate primary opinion about the case by attaching all known KYC information, identification documents including transaction vouchers, KCCI evidence(s) with the case and delegating the case to the Supervisor / Quality Checker for their review;

     AML/CFT Reviews

  • Assist in collecting and analyzing data required for AML/CFT Review of the branch/business Unit.

  • Arranging information, documents and files as required for conducting the AML/CFT Review.

  • Providing feedback to the Senior Officer and Assistant Manager in fine tuning review process and methodology. 

     AML/CFT/KYC Enquiries

  • Assist Assistant Manager in resolving enquiries received from branches/business units relating to AML/sanctions compliance and KYC. 


  • Collect and arrange relevant and accurate data required for investigation and SAR.

  • Arrange relevant and accurate data for the preparation of both periodic /ad-hoc reports according to specified schedules.

     Liaison / Advisory

  • Assist in liaison with all branches and departments on technical and procedural issues, and give guidance and support to business units on AML/CFT/KYC issues in coordination with the Assistant Manager.

    Generic Accountabilities

  • Support the Head in implementation of the Bank’s AML/CFT strategy consistent with business support objectives.

  • Work fully within risk policies and procedures and all compliance regulations.  

  • Ensuring that the Unit's is accurate and safely kept on the Unit network server.

  • Assist Assistant Manager in complying with the deadlines.

Education, Knowledge, Experience and Skills:

Education / Qualifications: University degree or equivalent adequate education.

Knowledge: Basic level understanding of products & services offered by the Bank

Experience: Minimum 1-2 years experience in banking, preferably with previous experience in AML, Compliance or Risk.

Generic & Specific Skills:

    • MS Office proficient
    • Fluent written and spoken English, with Arabic skills an advantage
    • An enquiring mind,  good analytical skills and an eye for detail
    • Proactive attitude with ability to work with minimal supervision
    • Ability to work under pressure
Note: you will be required to attach the following:
1. Resume / CV

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