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.
Assist in the development, review, and updating of AML policies, procedures, and SOPs to align with regulatory changes.
Conduct enhanced due diligence (EDD) on high-risk customers and transactions.
Monitor customer transactions for patterns indicative of financial crime using various AML tools and systems.
Experience
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.
Responsibilities
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.
Handle referrals received from business units as per the bank’s policy, ensuring no breach of the applicable process 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.
Detailed Knowledge of the Bank’s AML/KYC policies and procedures.
Analytical thinking and educative judgment on AML & CTF regulations, and their bank wide implementation.
Qualifications
UAE Nationals only to apply.
Graduate with 3- 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
Job details are sourced from the employer's original posting.
