Lead AML Compliance Compliance-AML Unit Compliance Group

Lead AML Compliance

• Compliance-AML Unit
  
  

• 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.
  
  

• All Business Groups
• Branches RMs / Branch Managers / Business units / Business Governance.
• Mashreq Bank KYC/AML policy
• AML Unit SOP
  
  

• 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.

• 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)
  
  

• 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.
  
  

• Ability to assess the gravity and sensitivity of transactions, from AML perspective, and act accordingly – appropriate ‘decision-making’ ability is required.
  
  

• 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.
• 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.
  
  

• 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.
  
  

• All Business Groups
• Branches RMs / Branch Managers / Business units / Business Governance.
• Mashreq Bank KYC/AML policy
• AML Unit SOP
  
  

• 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.

• 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)
  
  

• 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.
  
  

• Ability to assess the gravity and sensitivity of transactions, from AML perspective, and act accordingly – appropriate ‘decision-making’ ability is required.
  
  

• 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.
• 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.