Compliance Manager - AML

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.

• 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 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.