AML & Sanctions Compliance Specialist

Job Description

Team Leader- Operations-Regulatory and Compliance | Mashreq

The Tone:
This is a full-time role at Mashreq, operating within the critical domain of Operations-Regulatory and Compliance. Mashreq, as a financial institution, requires stringent adherence to legal, statutory, and internal compliance requirements. This position is vital for the detection and prevention of financial crime, ensuring all banking transactions are processed accurately and in full compliance with established policies.

The TL;DR
• Role: Full Time
• Type: Full-time

• Team: Operations-Regulatory and Compliance, reporting to Unit Manager
• Mission: Lead daily operations to ensure stringent compliance with regulatory requirements, prevent financial crime, and maintain zero-error transaction processing.
• Tech Stack: Fircosoft, Swift

What You’ll Actually Do
• Message Processing: Manage the receipt, release, rejection, and escalation of incoming and outgoing payment messages, including OFAC-validation and cheque payments, based on business group instructions and within defined TATs.
• Compliance Monitoring & Reporting: Proactively identify and escalate potential compliance issues across various bank products, maintaining current knowledge of legal, statutory, and regulatory environments, and providing timely MIS and reports to management and other units.
• Staff Development: Develop and deliver comprehensive compliance awareness and training programs for all staff, particularly new hires, ensuring strong understanding of internal and external compliance requirements and corporate policies.
• Operational Control: Oversee all transaction processing to ensure strict adherence to Standard Operating Procedures (SOPs) and bank policies, aiming for zero errors and within agreed TATs, including managing daily day-end confirmation emails.
• System & Record Management: Take full responsibility for owning and controlling all queues within the Fircosoft screening system, managing referrals, and maintaining meticulous records and files for the unit.

The Must-Haves
• Background: Extensive knowledge and understanding of general banking operations, including cheque payments, inward and outward payments sanctions screening (MT103, MT202, MT199, MT400, MT700 Series messages), and the anti-money laundering environment.
• Experience: 4-6 years of experience in banking operations with hands-on experience in a checker role, demonstrating technical expertise and specialization in interpreting banking regulations, laws, and anti-money laundering regulations of various countries.
• Skills: Excellent communication and interpersonal abilities, coupled with a good working knowledge of Swift and Mashreq processes and systems.