- Train and provide guidance to Junior AML Analyst.
- Manage the team daily/weekly/monthly target of cases closures of the team.
- 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 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 senior management.
- Ensure zero tolerance in RCSA, QA and Internal Audit observations and timely response with proper documentation and reasoning.
- Highlight and ensure implementation of new technology requirement to improve work efficiency in timely manner.
- Support the Top management/ MLRO / Delegate in Regulatory Relationship Management
- Optimize the TM Alert Management process.
- Involve in Project with will Optimize the TM Alert Management process.
- 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 and quality of review 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.
- Ensure that all the RCSA, QA and IA observations are timely responded.
- Lead the team and manage the team Internal issues and maintain all record.
- Highlight technology gaps and initiate / fix / modify / the same with the help of cross function teams.
- Complete and ensure the Team completes all 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.
- 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 12 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 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.