Job Description
- Responsible for conducting money laundering related alert data collection, analysis, and retention, via the review of transaction(s) generated by Actimize, manual systems, referred or otherwise, that have been raised within a related workflow, and writing a quality data analytics summary, at the direction of the Team Lead, or designee.
- Under the guidance of the Team Lead, or designee, attain Subject Matter Expertise in the Due Diligence research, relevant to cross-border wire transfers, as it pertains to adverse media, subscription-based intelligence sources, and open-source data sources, while understanding the principles of the Compliance Operations of Mashreqbank New York (MBNY), as well as with operations of correspondent financial institutions, in general.
- Adhere to relevant regulations and guidelines that are issued by the US BSA/AML regulatory authorities (FED and NYSDFS).
- Stay abreast with relevant AML guidelines that are issued by non-regulatory agencies such as FATF, Basel, Wolfsburg, etc.
- Adhere to the MBNY TM Standard Operating Procedures (TM SOP), as well as with other applicable Bank guidelines / procedures, in support of the Line Manager, or designee.
- Support MBNY Compliance effort by providing quality research, as required by the MBNY TM SOP or directed by MBNY Compliance Management.
- Pro-actively escalate critical issues (compliance / regulatory) to Team Lead, or other parties, as required by the MBNY TM SOP.
- When directed by Team Lead or designee, conduct secondary reviews of alert Due Diligence research results.
- Performs any other relevant duties which may be assigned by Team Lead, Manager MBNY TM, MBNY Head of Transaction Monitoring, or MBNY MLRO.
- Meets all prospective and resulting deliverables of joint ROE exams, MBNY QC, QA, and Internal Audit reviews.
- Participate in training sessions, and complete all training assignments, as assigned by the Team Lead, or any other authorized Mashreq employee.
- Analytical thinking, and educative judgment on the relevance of regulations to the activity under review.
- Clear understanding of risks related cross-border wire transactions, products, patterns, and relationship trends
