Senior Associate- Ops- Regulatory and Compliance

Job purpose

Scrutinize the payments alert generated in Fircosoft system and move payment transactions to checker 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 courses, assignments and 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 bodies 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.

Originally posted on Himalayas