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.