Compliance Manager - AML
Mashreq
Date: 2 weeks 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.
How to apply
To apply for this job you need to authorize on our website. If you don't have an account yet, please register.
Post a resumeSimilar jobs
Senior Human Resources Assistant-G6
IOM - UN Migration,
Remote
1 day ago
Job DescriptionIntroductionEstablished in 1951, IOM is a Related Organization of the United Nations and the leading UN agency in the field of migration. Working closely with governmental, intergovernmental and non-governmental partners, IOM promotes humane and orderly migration for the benefit of all. It saves lives and protects people on the move, drives solutions to displacement, and facilitates pathways for regular...
Information Management Officer
UNOPS,
Remote
1 day ago
Job Highlight This role offers a unique opportunity to significantly impact public health and community development in Balochistan by institutionalizing data-driven programming and strengthening government capacity in information management. It provides exposure to cutting-edge digital health solutions and multi-sectoral initiatives within a leading international organization. About The Project Office Since 1999, UNOPS has been a committed partner in Pakistan, supporting...
AI Architect
TxMinds,
Remote
2 days ago
Key Responsibilities: – Design and Implement Artificial Intelligence and Data Science solutions on Cloud at enterprise scale. Contextual understanding of customer requirements with visions, strategies, and roadmaps for implementation. Collaboration with solution architect, business analysts and partner architects/stakeholders in Global Delivery model for AI Solution development Play a key role in defining the AI architecture and selecting appropriate technologies from...
