Assistant Manager - AML Transaction Monitoring

Mashreq Careers; Pakistan; On-site; PKR 1,200,000 - 2,000,000; Full time

Job summary

Mashreq Digital Bank Pakistan is seeking an AML Analyst to support the MLRO function by reviewing alerts, performing investigations, and ensuring compliance with SBP AML/CFT/CPF regulations and Mashreq Group standards. The role involves analyzing alerts, escalating suspicious activity, and assisting in the tuning of monitoring scenarios.

You will coordinate with various teams to gather information, perform periodic reviews for high-risk customers, and ensure documentation is complete and

Qualifications

• Bachelor’s degree in Finance, Business, Economics, or related field.
• 3–4 years of experience in AML Transaction Monitoring and CDD reviews.
• Preferably CAMS certification.

Responsibilities

• Review and analyze alerts from AML monitoring systems for retail and business banking.
• Conduct initial investigations and determine alert disposition per SOPs.
• Escalate potential suspicious activity for STR/SAR consideration.
• Ensure timely closure of alerts within SLAs and maintain quality.
• Support tuning of AML scenarios and thresholds.

Skills

Strong analytical skills

Investigative skills

Ability to work under pressure

Effective communication

Education

Bachelor’s degree in Finance/Business/Economics

CAMS certification (preferred)

Tools

AML monitoring systems

Case management tools

Job description

Job Purpose: To support the MLRO function in executing Mashreq Digital Bank Pakistan’s AML Transaction Monitoring and Customer Due Diligence (CDD) framework by reviewing alerts, conducting investigations, and ensuring compliance with SBP AML/CFT/CPF Regulations and Mashreq Group standards.

Key Result Areas

• Review and analyze alerts generated by AML Transaction Monitoring systems for retail and business banking customers.

• Conduct initial investigations, gather supporting documentation, and determine alert disposition in line with internal SOPs.

• Escalate potential suspicious activity to Senior Manager for STR/SAR consideration.

• Ensure timely completion of alerts within defined SLAs and maintain quality standards.

• Assist in periodic tuning and testing of AML scenarios and thresholds.

• Support implementation of new monitoring scenarios, including country-specific risk indicators.

• Perform periodic and event-driven CDD reviews for high-risk customers, including PEPs and DNFBPs.

• Validate source of funds and source of wealth documentation as part of Enhanced Due Diligence (EDD).

• Ensure CDD records are complete, accurate, and updated in line with SBP regulations and Mashreq Group standards.

• Liaise with Business and Operations teams to obtain additional information required for CDD reviews.

Processes

• Review and disposition Transaction Monitoring alerts in accordance with approved procedures, risk-based methodology, and defined service level agreements.

• Perform customer activity analysis by reviewing account behavior, transactional patterns, KYC information, and supporting documentation.

• Maintain complete and accurate case records, investigation notes, and audit trails within the designated case management system.

• Coordinate with Business, Operations, Customer Service, and Technology teams to obtain information required for investigations and CDD reviews.

• Support identification of emerging financial crime risks and provide recommendations for enhancement of monitoring rules and controls.

• Assist in the preparation of management information (MI), regulatory data requests, and periodic reporting relating to AML investigations and CDD activities.

• Ensure timely escalation of unusual or suspicious activity in accordance with internal reporting and governance procedures.

• Contribute to system testing, user acceptance testing (UAT), scenario tuning exercises, and implementation of AML monitoring enhancements.

Governance

• Ensure adherence to SBP AML/CFT/CPF Regulations and Mashreq Group AML policies.

• Participate in internal reviews and audits related to AML and CDD processes.

• Contribute to process improvements and compliance projects as assigned.

Knowledge, Skills and Experience

Behavioral Skills

• Strong analytical and investigative skills.

• Ability to work under pressure and meet deadlines.

• Effective communication and collaboration with stakeholders.

• Self-motivated and detail-oriented.

Technical Competencies

• Good understanding of AML/CFT risks and SBP regulatory requirements.

• Familiarity with AML monitoring systems and case management tools.

• Knowledge of CDD/EDD processes and documentation standards.

• Ability to document investigation rationale clearly and accurately.

Experience

• Bachelor’s degree in Finance, Business, Economics, or related field.

• Preferably CAMS certified.

• 3–4 years of experience in AML Transaction Monitoring and CDD reviews.