- Proper check and handle transactions on checker queue with appropriate decision in screening systems for Incoming/ Outgoing messages and cheques payments to safeguard bank interest on compliance and worldwide Anti- Money Laundering policy and avoid risk on worldwide compliance issues.
- review and action checking all transactions on check queue for all the listed names/entities and countries against sanction hits in accordance with compliance with the agreed turnaround time and operating procedure
- Monitor & Control of all control activities and fulfill regulatory requirements of the bank and regulatory authorities.
- Handling and monitoring Fircosoft System and clearing transactions from Maker queue as per specified cutoffs.
- Screen AML & KYC prospective existing customers against checklists approved by Sanctions Compliance containing details of known terrorists, money launderers, sanctioned entities, politically exposed persons and similar high risk individuals
- Review the PEP & AM overnight screening hits and analyses the result and take the required decision for discounting or action on the customer
- Ensuring completion of daily control and functional checklist (DCFC) activity without fail.
- Explore & raise the possibility of issues on various products in accordance with the bank compliance policy and maintain current knowledge of existing / emerging legal / statutory / regulatory environment which could impact the bank.
- Ensure that all transactions are processed as per SOP and bank policy within agreed TAT and with Zero error/tolerance.
- Review and approve Transactions with 100 % accuracy within the established delivery standards with the agreed operating procedures.
- Escalate to compliance team if there is any sanction hit against any individual/entity or country for approval
- Ensure all Transactions are processed before EOD which have landed before daily cut off.
- Seek updates from compliance team with regards to the sanction screening.
- Handling and monitoring Fircosoft System.
- Complete all mandatory course, assignments and to strengthen understanding of compliance with legal / statutory requirements and corporate policies.
Identify process gaps and recommend system improvements and enhance efficiency to minimize risk and improve delivery standers.
- Extensive knowledge and understanding of General banking/ Cheque payments/ Inward and outward payments and anti-money laundering environment and regulatory policy of various countries.
- Good working knowledge of Swift/Screening system including Fircosoft and Mashreq processes and systems.
- Excellent communication and interpersonal skills.
- 2-4 years’ experience in banking operations & compliance positions requiring all round banking skills and technical expertise.
Expertise and specialization in interpreting banking regulations, laws, anti-money laundering regulations, etc.