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

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

Job summary

Mashreq Careers is seeking an AML/compliance checker to scrutinize payments alerts generated in Fircosoft and route transactions to the appropriate compliance queue with informed decisions. You will monitor control activities to satisfy regulatory requirements and ensure timely, accurate processing according to bank policy.

With 2–4 years in banking operations and a strong AML background, you will excel in cross-border regulatory environments, maintaining high-quality alert reviews and adherence

Qualifications

• 2-4 years' experience in banking operations.
• Hands-on experience as a checker in compliance.
• Strong understanding of AML regulations and policies.
• Excellent communication and interpersonal skills.

Responsibilities

• Scrutinize payments alerts in Fircosoft and route transactions to checker/compliance queue with appropriate decisions.
• Monitor and control all control activities to meet regulatory requirements.
• Continuously monitor Fircosoft to clear Maker queue per cutoffs.
• Ensure completion of daily DCFC activity with zero errors.
• Explore issues on products per compliance policy and maintain regulatory knowledge.
• Ensure transactions are processed per SOP and bank policy within agreed TAT.

Skills

Banking operations

AML regulations

Checker role experience

Communication skills

Tools

Fircosoft

SWIFT

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.