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GB1681 - Assistant Manager – AML/CFT Unit - Job Details

GB1681 - Assistant Manager – AML/CFT Unit

Business Unit: Support Groups
Division: Anti Money Laundering
Department: AML
Contract Type: Full Time
Area/Branches: Maidan Hawally
Closing Date: 27-Apr-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:

Assist Manager in ensuring AML/CFT requirements as laid down in the 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 are implemented. Assist Manager in ensuring that the Bank’s policies, procedures and operating processes are adequate for the prevention, detection and reporting of money laundering and terrorism financing transactions.  

  • Investigation (Siron AML + Embargo)
  • Supervising AML/CFT Reviews (Audits)
  • Supervising the Policy & Procedures Implementation
  • AML/CFT/KYC Enquiries
  • AML/CFT Guidance  & Awareness
  • Resolving Audit Findings
  • Reports
  • Upgrading AML/CFT Systems
  • Liaison/Advisory
  • Generic Accountabilities

Controls & Investigation (Siron AML & Embargo)

  • Ensure AML/CFT investigation procedures are followed meticulously;
  • Ensure correct proceeding status are chosen and recorded;
  • Ensure recommendation is based on evidences and as per risk scores enclosed with the conspicuous case(s);
  • Ensure recommendation of white listing of customers as per the approved white list matrix;
  • Ensure case is delegated back to the AML/CFT Officer to complete the investigation to rectify the missing procedural or evidentiary requirements;
  • Escalate the reviewed case to the AML/CFT Manager with the recommendation for next level review and conclusion;
  • Proactively working on name search entries postponed by branches and other units together with Reaudits and SWIFT entries are dealt as per the procedure and timelines defined;
  • Supervising and guiding staff 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;
  • 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.  

 Supervising AML/CFT Reviews (Audits)

  • Assist Manager in providing feedback relating to the creation of Audit Methodology and checklists;
  • Assist Manager in collecting and analyzing data required for AML/CFT Review of the branch/business Unit;
  • Supervising Senior Officer in arranging information, documents and files as required for conducting the AML/CFT Review;
  • Drafting the review report in coordination with the assigned team members and sending it over to the Manager for review and advise;
  • Providing feedback to the Manager in fine tuning review process and methodology; 
  • Making follow-up with the auditee to ensure findings are resolved as per the rectification plan;
  • Escalating instances to the Manager where auditee failed to rectify and/or implement AML/CFT recommendation. 

 Supervising the Policy & Procedures Implementation

  • Assist Manager in supervising the implementation of AML/CFT Policy and Procedures.

 AML/CFT/KYC Enquiries

  • Supervise reporting staff member in collecting and analyzing information required to provide feedback to the internal and/or external customers relating to AML/CFT/KYC enquiry received.

 AML/CFT Guidance and Awareness

  • Assist Manager in mentoring and guiding new recruits within the AML/CFT team.

 Resolving Audit Findings

  • Assist Manger in resolving findings raised by internal, external auditors and CBK Inspectors.


  • Assist Manager in collecting information and drafting SAR;

  • Assist Manager in collecting information and drafting reply relating to AML/KYC/CFT/SAR related query received from legal and regulatory authorities;

  • Assist Manager in collecting information required to draft Quarterly and Annual AML/CFT Performance Report to the BOD;

  • Assist Manager in collecting data and creating periodic and ad-hoc reports according to specified formats and schedules.

 Upgrading AML/CFT Systems

  • Participating in workshops organized as part of system orientation relating system upgrade;

  • Providing feedback relating to the functioning features and output of various scenarios so that it can be fine tuned for more accurate and precise output; 

  • Assist Manager in tasks assigned during the system upgrade exercise relating to mapping, revision and reviewing of internal policy, procedures, controls and processes.

 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;

  • To efficiently and effectively manage on a day-to-day basis assigned Unit’s staff;

  • To ensure that deadlines are met and quality standards are observed in the Unit’s output.

Education, Knowledge, Experience and Skills:

Education / Qualifications: University degree with preferably a completed ACAMS Certification (Association of Certified AML Specialists)

Knowledge: International sanctions screening / AML/CFT investigation skills / Branch AML/CFT reassurance audit skills

Experience: 5-6 years experience in banking, with a minimum of 3 years relevant experience in AML/CFT, Compliance or Risk mandatory

Generic & Specific Skills:

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

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