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

Mashreq; United States; Remote; USD 4,300 - 8,700; Full time

Job summary

Mashreq is seeking an AML/compliance checker to scrutinize payments alerts generated in Fircosoft and route transactions to the appropriate queue, ensuring adherence to regulatory and internal policies. The role focuses on screening incoming and outgoing messages (MT103, MT202, MT199, MT400, MT700) to mitigate money-laundering risks and protect the bank's interests.

You will monitor Fircosoft, maintain daily control checklists, and collaborate with cross-functional teams to ensure high-quality

Qualifications

• Extensive knowledge and understanding of General banking, cheque payments, and sanctions screening.
• Good working knowledge of SWIFT and Mashreq processes.
• 2-4 years' experience in banking operations with hands-on checker role.
• Expertise in interpreting banking regulations and AML regulations.

Responsibilities

• Scrutinize payments alerts in Fircosoft and route transactions to checker/compliance queue.
• Monitor and control activities to meet regulatory requirements.
• Continuous monitoring of Fircosoft to clear transactions from Maker queue.
• Ensure completion of daily DCFC activity with zero tolerance for error.
• Raise issues per policy and stay updated on regulatory environment.
• Maintain rapport with key personnel across units and divisions.

Skills

Banking operations

AML compliance

SWIFT knowledge

Communication skills

Regulatory policy knowledge

Tools

Mashreq processes

Job description

Location: Pakistan

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.