Job Title: AML/KYC Analyst – US Correspondent Banking Compliance

Location: MGN, India (MBNY's dedicated team)

Department: BSA/AML & Sanctions Compliance, Mashreq Bank, New York (MBNY)

Reports To: To be decided

Job Summary

The AML/KYC Analyst is responsible for executing end‑to‑end AML and KYC controls for foreign correspondent bank relationships within a U.S. intermediary bank. The role includes performing Customer Identification Program (CIP) procedures, Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), Adverse Media Screening, and Transaction Monitoring Investigations to identify, assess, and mitigate money laundering, terrorist financing, sanctions, and other financial crime risks. The analyst applies a risk‑based approach in compliance with U.S. regulatory requirements and MBNY internal policies.

Key Responsibilities

KYC & Customer Identification (CIP)

Perform CIP verification for foreign correspondent banks in accordance with the USA PATRIOT Act and internal onboarding standards
Validate:

Legal existence, licensing, and regulatory status
Physical presence and shell bank prohibitions
Authorized signatories and key management

Ensure accurate documentation and data integrity across KYC system

Customer Due Diligence (CDD)

Conduct initial and periodic CDD reviews for foreign correspondent banking relationships
Analyze:

Ownership and control structure
Board and senior management
Nature of business, products, services, and customer base
Geographic exposure and high‑risk jurisdictions

Complete customer risk assessments, clearly documenting risk drivers and mitigating controls

Enhanced Due Diligence (EDD) – Correspondent Banking

Perform EDD reviews for high‑risk correspondent banks in compliance with PATRIOT Act Section 312
Assess the respondent bank's:

AML, sanctions, and transaction monitoring framework
Regulatory history, enforcement actions, and audit findings
Use of payable‑through accounts (PTAs)
Nested or downstream correspondent relationships

Review and analyze Wolfsberg Correspondent Banking Due Diligence Questionnaire (CBDDQ) responses
Develop detailed EDD narratives with clear conclusions and risk acceptance recommendations

Adverse Media & Screening

Conduct and analyze:

Adverse/negative news screening
Sanctions screening (OFAC and other relevant lists)
PEP and high‑risk association checks

Assess credibility, severity, and relevance of adverse information
Escalate material findings, red flags, and reputational risks to AML Management

Transaction Monitoring & Investigations

Review and investigate transaction monitoring alerts related to correspondent banking activity, including:

Cross‑border wire transfers
High‑risk corridors and jurisdictions
Unusual volumes, patterns, or payment flows

Perform detailed investigations using internal systems and supporting documentation
Determine whether alerted activity is questionable and prepare narratives

Risk Escalation & Governance

Identify and escalate:

Control gaps at respondent banks
Significant changes in risk profile
Potential sanctions or regulatory exposure

Regulatory, Audit & Exam Support

Ensure full alignment with:

Bank Secrecy Act (BSA)
FinCEN CDD Rule
FFIEC BSA/AML Examination Manual
OFAC sanctions requirements

Stakeholder Collaboration

Work closely with:

MBNY KYC Team
MBNY Sanctions Team
AML Investigations and SAR teams

Experience

4-5 years of AML/KYC experience, with strong focus on foreign correspondent banking
Experience within a U.S. bank or U.S. branch/agency of a foreign bank preferred
Deep knowledge of:

Correspondent banking risk typologies
Cross‑border payment flows and clearing activity
Nested correspondent and PTA risks
CIP, CDD, and EDD execution
Transaction monitoring alert investigations
SAR drafting and decisioning
Wolfsberg CBDDQ and risk rating methodologies

Preferred Qualifications

CAMS, CFE, or equivalent AML certification

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Assistant Manager AML/ KYC.New York Compliance