- Monitor & Control of Reconciliation and all control activities and fulfill regulatory requirements of the bank and regulatory authorities.
- Handling and monitoring Fircosoft/UAEFTS System and total control of Referrals /Release of the messages.
- Process all transactions with agreed TAT with zero error and as per bank policy and guidelines.
- Ensuring completion of daily control and functional checklist (DCFC) activity without fail.
- Receive response/decision through email from the business group focal point and release or reject the messages as instructed also escalate/generate reminders if no decision/response is received with in TAT.
- 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.
- Provide ongoing awareness and training to all existing and especially newly joined staff at CPC/IBG of all applicable internal and external compliance requirements and awareness programs that are to be developed to strengthen understanding of compliance with legal / statutory requirements and corporate policies.
- Provide timely and accurate MIS / reports to Unit Manager and other units.
- Handling and total control of referrals/release the messages to various units.
- Ensure that all transactions are processed as per SOP and as per bank policy within agreed TAT and with Zero error/tolerance.
- Managing daily day end confirmation emails.
- Own the responsibility of owning all the queues in Fircosoft.
- Awareness and understanding of bank products and system and regulatory body of various countries with frequent changes of Mashreq AML/compliance policy.
- Maintain cordial rapport and interactive relationship with key personnel within the unit and across Business Divisions.
Problem Solving and Decision Making Authority & Responsibility
- Detecting and preventing of financial crime by being cognizant of compliance and sanction risks.
- Provide proper training and support to unit members for implementation of Mashreq compliance culture and in providing advisory services across business groups.
- Provide support to Unit Manager and business compliance units by filtering all compliance and regulatory related issues and questions on compliance to enable them to be properly prioritized.
- Maintain total control of all activities as per bank policy
- Identify flabby and non-value add tasks within the process and reporting.
- Responsible for ensuring exceptions are reported and that a system of monitoring is in place and administered properly.
- Responsible for release/accept/reject/modification of OFAC-validation queue in screening system for incoming and outgoing payment messages and cheque payments
- Release the message to the concerned unit focal point with our valued participation for further guidance/decisions and attend message according the response/decision
- Responsible to provide required information’s/reports to various units/groups within the bank and outside regulatory authorities.
- All transactions are to processed as per agreed TAT/SOP bank policy with zero error.
- Maintain and control of all record and files of the unit
- Responsible for Confirming EOD to all stake holders post completion of all messages in the Queue.
- 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 and Mashreq processes and systems.
- Excellent communication and interpersonal skills.
- 4-6 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.