Lead Compliance - AML (Mashreq Global Network Pakistan)

Job Purpose

• Review and analyze the alerts triggered in SAS as per the AML SOP within the stipulated TATs.

• Escalate the cases to Investigation Team as deemed necessary and/or as per the AML SOP within the stipulated TATs.

• Assist the Manager AML by providing a complete quality analysis for the reviewed cases.

• Highlight any key Financial Crimes risk throughout the review and analysis of customers’ account to the Line Manager and/or Head of Transactions Monitoring/delegate.

• Share innovative ideas for effective and efficient working.

Key Responsibility Areas

• 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 Compliance Manager on an on-going basis. 

• Assist Team Manager for all RCSA, QA and Audit observation with timely update in SAS notes and remedial follow up action.

• 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.

• Highlight to the manager if any automated reports are required for betterment of the process. 

• 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 4 years of AML Transactions Monitoring.

• CAMS Certified/other recognized certification is a plus.

• Market knowledge of IT tools/ software used for AML monitoring system.

• Good 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, good communication and inter-personal skills.

• Adherer to timelines and ability to work under pressure.

• Customer Centric/Focus.

• Attention to details & quality.

• Analytical thinking.