Compliance Manager - AML
Mashreq
Date: 8 hours ago
City: Remote
Contract type: Full time
Remote
Job Purpose:
- Train and provide guidance to AML Analyst.
- Manage the daily/weekly/monthly target of cases closures.
- Perform L1 and L2 Review and analyze the alerts/cases triggered in SAS/EE as per the AML SOP within the stipulated TATs.
- Escalate the cases to MLRO as deemed necessary to file STR as per the AML SOP within the stipulated TATs.
- Assist the AML Investigation Team by providing a complete quality analysis for the reviewed cases at the analysis stage.
- Support the MLRO / Delegate in Regulatory Relationship Management
- Optimize the TM Alert Management process.
- Involve in Reg-Tech projects for automation and efficiency improvement.
- Conduct Complex investigation and highlight risk immediately.
- Highlight any key Financial Crimes risk throughout the review and analysis of customers’ account to the senior management.
Key Responsibility Areas:
- Train and provide guidance to Junior AML Analyst on systems and/or AML related cases and matters.
- Ensure that the daily target of cases closures is met without fail.
- Monitor SAS AML System and conduct appropriate reviews to facilitate closure of alerts or further investigation/reporting.
- Highlight any Compliance Policy breaches, Financial Crimes concerns or suspicions to Line Manager.
- Conduct AML enquiries/ investigations upon directives received from the Manager Compliance/delegates on an on-going basis.
- Handle referrals received from business units as per the bank’s policy, ensuring no breach of the applicable process guidelines.
- Complete the mandatory eLearning trainings and face to face trainings on time without fail.
- Record keeping:
- All analysis records must be maintained in SAS and shared drive.
- Adhere to record retention policy and the SOP guidelines.
Operating Environment, Framework and Boundaries, Working Relationships:
- Possesses sound knowledge of banking practice & laws and Mashreq bank’s policies / procedures / systems & controls; operates in a strictly regulated, multi-jurisdictional environment and requires in-depth knowledge of local and international regulations regarding AML.
- Assist in maintaining pro-active relationships with business, facilitating timely involvement to ensure compliant solutions to business issues.
- Liaise with correspondent banks on their AML related EDD queries.
- Detailed Knowledge of the Bank’s AML/KYC policies and procedures.
- Clear understanding of business requirements in relation to KYC/AML/CFT/ABC/Fraud/Sanctions.
- Good understanding of main systems and their interaction/use (SAS, Side Viewer, Core Banking, …etc)
Problem Solving:
- Analytical thinking and educative judgment on AML & CTF regulations, and their bank wide implementation.
- Clear understanding of business transactions, initiatives and relationship requirements with close coordination with relationship teams without losing focus on risk, regulations and control issues.
Decision Making Authority & Responsibility:
- Ability to assess the gravity and sensitivity of transactions, from AML perspective, and act accordingly – appropriate ‘decision-making’ ability is required.
- Knowledge, Skills and Experience:
- Graduate with 10 years of AML Transactions Monitoring.
- Collaborate with internal stakeholders like RCSA, Business Compliance, MLRO, QA for improving the TM Control Framework
- CAMS Certified/other recognized certification is a plus.
- Market knowledge of IT tools/ software used for AML monitoring system.
- Go od knowledge and understanding of local AML/CFT rules and legislation, and international best-practices/requirements.
- Organizational awareness including working knowledge or risks, products, processes and controls.
- Computer literate with good knowledge of MS Excel and Business Object (BO) reports.
- Good command over spoken and written English.
- Team player and leader, good communication and inter-personal skills.
- Adherer to timelines and ability to work under pressure.
- Customer Centric/Focus.
- Attention to details & quality.
- Analytical thinking and problem solving.
- Ability to manage people.
- Train and provide guidance to AML Analyst.
- Manage the daily/weekly/monthly target of cases closures.
- Perform L1 and L2 Review and analyze the alerts/cases triggered in SAS/EE as per the AML SOP within the stipulated TATs.
- Escalate the cases to MLRO as deemed necessary to file STR as per the AML SOP within the stipulated TATs.
- Assist the AML Investigation Team by providing a complete quality analysis for the reviewed cases at the analysis stage.
- Support the MLRO / Delegate in Regulatory Relationship Management
- Optimize the TM Alert Management process.
- Involve in Reg-Tech projects for automation and efficiency improvement.
- Conduct Complex investigation and highlight risk immediately.
- Highlight any key Financial Crimes risk throughout the review and analysis of customers’ account to the senior management.
Key Responsibility Areas:
- Train and provide guidance to Junior AML Analyst on systems and/or AML related cases and matters.
- Ensure that the daily target of cases closures is met without fail.
- Monitor SAS AML System and conduct appropriate reviews to facilitate closure of alerts or further investigation/reporting.
- Highlight any Compliance Policy breaches, Financial Crimes concerns or suspicions to Line Manager.
- Conduct AML enquiries/ investigations upon directives received from the Manager Compliance/delegates on an on-going basis.
- Handle referrals received from business units as per the bank’s policy, ensuring no breach of the applicable process guidelines.
- Complete the mandatory eLearning trainings and face to face trainings on time without fail.
- Record keeping:
- All analysis records must be maintained in SAS and shared drive.
- Adhere to record retention policy and the SOP guidelines.
Operating Environment, Framework and Boundaries, Working Relationships:
- Possesses sound knowledge of banking practice & laws and Mashreq bank’s policies / procedures / systems & controls; operates in a strictly regulated, multi-jurisdictional environment and requires in-depth knowledge of local and international regulations regarding AML.
- Assist in maintaining pro-active relationships with business, facilitating timely involvement to ensure compliant solutions to business issues.
- Liaise with correspondent banks on their AML related EDD queries.
- Detailed Knowledge of the Bank’s AML/KYC policies and procedures.
- Clear understanding of business requirements in relation to KYC/AML/CFT/ABC/Fraud/Sanctions.
- Good understanding of main systems and their interaction/use (SAS, Side Viewer, Core Banking, …etc)
Problem Solving:
- Analytical thinking and educative judgment on AML & CTF regulations, and their bank wide implementation.
- Clear understanding of business transactions, initiatives and relationship requirements with close coordination with relationship teams without losing focus on risk, regulations and control issues.
Decision Making Authority & Responsibility:
- Ability to assess the gravity and sensitivity of transactions, from AML perspective, and act accordingly – appropriate ‘decision-making’ ability is required.
- Knowledge, Skills and Experience:
- Graduate with 10 years of AML Transactions Monitoring.
- Collaborate with internal stakeholders like RCSA, Business Compliance, MLRO, QA for improving the TM Control Framework
- CAMS Certified/other recognized certification is a plus.
- Market knowledge of IT tools/ software used for AML monitoring system.
- Go od knowledge and understanding of local AML/CFT rules and legislation, and international best-practices/requirements.
- Organizational awareness including working knowledge or risks, products, processes and controls.
- Computer literate with good knowledge of MS Excel and Business Object (BO) reports.
- Good command over spoken and written English.
- Team player and leader, good communication and inter-personal skills.
- Adherer to timelines and ability to work under pressure.
- Customer Centric/Focus.
- Attention to details & quality.
- Analytical thinking and problem solving.
- Ability to manage people.
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