Senior Associate, Compliance Operations.MGN Pak - Compliance Ops -RCU.Operations

Job purpose

• Scrutinize the payments alert generated in Fircosoft system and move payment transactions to checker/compliance queue with appropriate decision in screening systems for Incoming/ Outgoing payment messages to safeguard bank interest on compliance and worldwide Anti- Money Laundering policy and avoid risk on worldwide compliance issues.
• Monitor & Control of all control activities and fulfill regulatory requirements of the bank and regulatory authorities.
• Continuous monitoring Fircosoft System to clear transactions from Maker queue as per specified cutoffs.
• Ensuring completion of daily control and functional checklist (DCFC) activity without fail.

Key Result Area

• Explore & raise the possibility of issues on various products at CPC/IBG in accordance with the bank compliance policy and maintain current knowledge of existing / emerging legal / statutory / regulatory environment which could impact the bank.
• Complete all mandatory course, assignments and to strengthen understanding of compliance with legal / statutory requirements and corporate policies.
• Constant monitoring on Fircosoft System in reviewing and releasing the alerts generated with good quality processing
• Ensure that all transactions are processed as per SOP and bank policy within agreed TAT and with Zero error/tolerance.

Operating Environment, Framework and Boundaries, Working Relationship

• Awareness and understanding of regulatory body of various countries such as, UAE central bank policy, Federal Reserve Bank, USA, Financial services authorities with frequent changes of Mashreq AML/compliance policy.
• Maintain cordial rapport and interactive relationship with key personnel within the unit and across Business Divisions.

Knowledge Skill and Experience

• Extensive knowledge and understanding of General banking/ Cheque payments/ Inward and outward payments sanctions screening of (MT103, MT202, MT199, MT400 and MT700 Series messages) and anti-money laundering environment and regulatory policy of various countries.
• Good working knowledge of Swift and Mashreq processes and systems.
• Excellent communication and interpersonal skills.
• 2-4 years’ experience in banking operations with hands on experience as a checker role requiring all round banking skills and technical expertise.
• Expertise and specialization in interpreting banking regulations, laws, anti-money laundering regulations, etc.

Originally posted on Himalayas