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

Mashreq; Karachi Division; On-site; PKR 2,000,000 - 3,000,000; Full time

Job summary

Mashreq is seeking a Compliance Checker in Karachi to scrutinize payments alerts in Fircosoft, move transactions to the checker queue, and ensure adherence to AML and regulatory policies. The role requires 2-4 years’ banking operations experience and strong knowledge of SWIFT messaging and screening processes.

The incumbent will monitor control activities, ensure timely resolution of alerts, and perform daily DCFC activities in a fast-paced environment, while maintaining high-quality processing

Qualifications

• 2-4 years of banking operations experience with hands-on checker role.
• Expertise in interpreting banking regulations and AML regulations.
• Knowledge of SWIFT messages and screening processes.

Responsibilities

• Scrutinize payments alerts in Fircosoft and move transactions to checker/compliance queue with appropriate decision in screening systems for incoming/outgoing payment messages.
• Monitor and control all control activities to fulfill regulatory requirements.
• Continuously monitor Fircosoft to clear transactions from Maker queue per cutoffs.
• Complete daily control and functional checklist (DCFC) activity without fail.

Skills

Banking operations

Payments screening

Swift

Regulatory compliance

AML regulations

Communication skills

Interpersonal skills

Attention to detail

Checker role experience

Regulatory policy interpretation

Tools

Fircosoft

Job description

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.