Mashreq Corporate & Investment Banking Group
Website:
mashreqbank.com
Job details:
As the Lead - Anti Money Laundering, you will play a crucial role in our Compliance-Anti Money Laundering department. Your primary responsibility is to lead and guide a team of AML professionals, ensuring effective and efficient monitoring, analysis, and reporting of potential money laundering activities. You will work closely with the Manager AML and Compliance Manager to implement and maintain robust AML policies and procedures, contributing to the overall success and integrity of our financial institution.
- Review and analyze alerts triggered in SAS as per the AML SOP within the stipulated TATs.
- Escalate cases to the Investigation Team as necessary, adhering to AML SOP and TAT guidelines.
- Provide comprehensive quality analysis for reviewed cases, assisting the Manager AML in decision-making.
- Identify and highlight key financial crimes risks during the review and analysis of customer accounts, reporting to the Line Manager or Head of Transactions Monitoring.
- Share innovative ideas and best practices to enhance the efficiency and effectiveness of AML processes.
- Monitor the SAS AML System and conduct timely reviews, facilitating the closure of alerts or initiating further investigations/reporting.
- Report any compliance policy breaches, financial crimes concerns, or suspicions to the Line Manager promptly.
- Conduct AML enquiries and investigations as directed by the Compliance Manager, ensuring a thorough and timely response.
- Stay updated with regulatory changes and industry best practices, implementing necessary updates to AML procedures.
- Bachelor's degree in Finance, Economics, or a related field, with a strong preference for a Master's degree in a relevant discipline.
- Minimum of 5 years of experience in an AML role, with a proven track record of leading and managing AML teams.
- In-depth knowledge of AML regulations, compliance frameworks, and industry standards.
- Excellent analytical and problem-solving skills, with the ability to identify and mitigate financial crimes risks.
- Strong leadership and management skills, with the ability to motivate and guide a team towards achieving AML objectives.
- Proficiency in using AML software and tools, particularly SAS AML System, is highly advantageous.
- Excellent communication and interpersonal skills, with the ability to collaborate effectively with various stakeholders.
- Ability to work independently, manage multiple priorities, and meet tight deadlines.
- A proactive and innovative approach to AML compliance, with a focus on continuous improvement.
- Strong ethical standards and a commitment to maintaining the highest level of integrity.
The leading financial institution in MENA
While more than half a century old, we proudly think like a challenger, startup, and innovator
in banking and finance, powered by a diverse and dynamic team who put customers first.
Together, we pioneer key innovations and developments in banking and financial services.
Our mandate? To help customers find their way to Rise Every Day, partnering with them through
the highs and lows to help them reach their goals and unlock their unique vision of success.
Delivering superior service to clients by leading with innovation, treating colleagues with dignity and fairness while pursuing opportunities that grow shareholders value.
We actively contribute to the community through responsible banking in our mission to inspire more people to Rise.
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