Lead AML Compliance Compliance-AML Unit Compliance Group

Lead AML Compliance • Compliance-AML Unit

Mashreq Bank
Job Description-Compliance Officer

1 Job Title: Compliance Officer
Department AML Unit – Compliance Group
Direct Supervisor: Team Manager Pay band – I/J 2 Job Purpose- Review and analyze the alerts triggered in SAS as per the AML SOP within the stipulated TATs.
- Prepare the Suspicious Activity Report and submit to CB on timely manner.
- Assist the AML Investigation Team by providing a complete quality analysis for the reviewed cases at the analysis stage.
- 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.
3 Dimensions- All Business Groups
- Branches RMs / Branch Managers / Business units / Business Governance.
- Mashreq Bank KYC/AML policy
- AML Unit SOP
4 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.
- Prepare the Suspicious Transaction Report and submit to CB on timely manner.
- 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 system and shared drive.
- Adhere to record retention policy and the SOP guidelines.

5 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)
6 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.
7 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.
8 Knowledge, Skills and Experience- Graduate with 3 years of AML Transactions Monitoring.
- 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, good communication and inter-personal skills.
- Adherer to timelines and ability to work under pressure.
- Customer Centric/Focus.
- Attention to details & quality.
- Analytical thinking.