Investigations Senior Associate

Investigations Senior Associate

The National Bank of Iraq (NBI) was founded in 1995 as a publicly traded, private sector company, offering comprehensive banking services to individuals and businesses in Iraq. As a result of NBI’s success and to fuel future growth, its capital was increased from the initial IQD 400 million to IQD 250 billion (USD 215 million) in December 2013. 

In 2005, Capital Bank Jordan acquired majority shares (61.85%) in NBI, allowing NBI to evolve its business offerings, strengthen its global footprint and promote financial inclusion across the country. 

With its extensive network of correspondent banks, Capital Bank stands as NBI’s gateway to world economies, facilitating internal and external remittances, granting lines of credit, as well as offering trade finance services. 

NBI operates a modern core banking system to support its growth and customer services. Capital Bank and its subsidiaries audit all accounts through Ernst and Young, and report financials in accordance with International Accounting Standards. 

NBI has earned a BB rating by Capital Intelligence, the international credit rating agency. It further received a ‘Good’ rating by the Central Bank of Iraq.

Today, NBI has more than 51 branches in all major cities in Iraq, and a branch in KSA. 

• Review and follow up on suspicious cases escalated by the Financial Operations Monitoring Team, Liaison Officers, branch departments, and other bank units.

• Conduct assessments and investigations of suspicious cases in accordance with approved investigation procedures and methodologies.

• Maintain records of suspicious cases that do not meet the reporting threshold, ensuring proper documentation and compliance with internal requirements.

• Review and monitor customers flagged within the Siron AML system and assess associated risks and activities.

• Contribute to the preparation of quarterly reports submitted to the Head of Reporting in line with approved reporting standards.

• Escalate cases requiring regulatory reporting to the Investigations Unit Supervisor for review and further action.

• Submit investigation findings and case assessments to the Investigations Unit Supervisor for review and approval of the necessary actions.

• Conduct investigations and due diligence reviews on customers identified through Excel files received from external entities, including K2, Visa, and other regulatory authorities.

• Conduct investigations on customers referenced in official communications issued by the Anti-Money Laundering and Counter-Terrorist Financing Office.

• Perform investigations and reviews of customers identified in Spotfire reports generated from the bank’s customer database.

• Conduct investigations on companies identified in auction company reports across various sectors related to the foreign currency sales window.

• Carry out periodic internal and external field visits to assess the effectiveness of the AML/CFT environment and prepare related assessment reports.

• Prepare monthly reports covering the activities and achievements of the Investigations Unit and submit them to the Investigations Supervisor.

• Respond to inquiries received from branches and other bank departments regarding AML-related matters.

• Contribute to the development and delivery of AML/CFT awareness and educational materials across the bank.

Qualifications

• Bachelor’s degree in Banking & Finance, Accounting, Finance, or a related field. [ AML | PDF]
• Minimum of 2 years of experience in banking, AML, compliance, investigations, or a related field.

Additional Information

Location: Baghdad, Iraq
Department: Operational Excellence & Business Solutions Integration