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