The QFC Regulatory Authority is the independent regulatory body of the Qatar Financial Centre (QFC). It has been established to regulate firms that conduct financial services in or from the QFC. It has a broad range of regulatory powers to authorise, supervise and, when necessary, discipline firms and individuals. The QFC Regulatory Authority regulates firms using principle-based legislation of international standard, modelled closely on the laws used in other major financial centres.

The QFCRA are currently looking to recruit an Associate Director of Anti-Money Laundering. The Associate Director will work with others in the Regulatory Authority to implement supervisory risk identification and mitigation programs in respect of authorised institutions and will participate in producing supervisory work programmes utilizing the normal range of supervisory tools (addressing such matters as visit cycles, regular reporting, event-driven reports, visit types etc).

Daily responsibilities will include:

• Assist in the continued development and implementation of anti money laundering (AML) policy and procedures, working with colleagues in other Divisions, the Financial Intelligence Unit and other relevant counterparts from the Qatar Central Bank. 
• Ensure the Authority remains at the forefront of AML developments
• Assist in the application of new policies in supervisory activities
• Ensure that the ongoing supervision of institutions is handled with efficiency
• Establish a strong constructive relationships with the assigned institutions
• Implement a pro-active, risk mitigating supervisory approach
• Be alert to issues that require escalation and will ensure the timely flow of management information within the Authority
• Work closely with other Divisions to resolve issues arising from the institutions he/she supervises
• Manage any Assistant Directors and Case Officers/Analysts assigned to him/her ensuring proper work allocation and supervision, and where necessary ensure that the skills and experience of any Assistant Directors and Case Officers/Analysts are developed

Applicants will need to have had experience of working in both a regulatory and commercial environment. Their technical AML skills will need to be extremely strong and they will need to have proven man management ability. The successful candidate is likely to be of graduate level with specific professional industry qualifications.

Please note that applicants who have not worked in a zone one regulator will not be considered for this position.

If this opportunity is of interest, please contact Matt Crocombe of Barclay Simpson Middle East on + 971 (0) 4 401 9809 or mc@barclaysimpson.com

Please note that Barclay Simpson Middle East has been retained exclusively for this piece of recruitment.