Senior Manager Compliance

• Conducting and oversee 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 Line Manager, or designee.

• Under the guidance of the Team Lead, exercise 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.  

• Manage Analysts, if assigned by the Team Lead. When appropriate, conduct quality review of their work product. When assigned, conduct formal assessment of KPIs and other productivity and quality markers.

• 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 Team Lead 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 the Team Lead, or other parties, as required by the MBNY TM SOP.

• When directed by the Team Lead, conduct secondary reviews of alert Due Diligence research results.

• Performs any other relevant duties which may be assigned by the 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.

• Work with Team Lead in identifying research process efficiencies.

• Strive to be prepared to perform the function of the Team Lead in their absence.

Responsibilities

.Accurately and efficiently, conduct and retain the proof of due diligence research.

• Maintain ongoing awareness / current knowledge of all applicable internal / external procedural requirements – identify issues that could impact the branch / bank and escalate any serious issues / breaches / violations to the Team Lead or other designated personnel.

• Ensure continuing compliance with the MBNY TM SOP; where deficiencies are detected, make recommendations to the Team Lead.

• Ensure due diligence research, and/or secondary reviews, are completed within required lifecycle and proficiency timelines.

• Provide required support to management before, during, and after joint ROE exams, MBNY QC, QA, and Internal Audit reviews, when so assigned.

• Actively provide value added recommendations to ensure that all relevant systems and products have appropriate internal controls.

• Actively participate in all mandatory assigned training, ensuring the timely completion of all assigned training sessions.

• Work with the Team Lead in identifying due diligence process efficiencies.
• Operate in a strictly regulated environment, requiring in-depth knowledge in all applicable areas of BSA / AML / TF / USA PATRIOT ACT.

• Be responsible for compliance monitoring, and supporting MBNY Compliance Management, in institutionalizing Mashreq values.

• Maintain cordial and professional rapport, and good interactive relationship with Mashreq personnel, across all areas of the Bank.

• Oversee and supervise Analysts, when directed by the Team Lead.

• Take ownership of high-quality analytical results being generated, assuring MBNY TM Investigators have sufficient information available to further investigate alerts and cases, and to make informed decisions, based on complete and accurate information succinctly documented in relevant analytical reports.

• Provide constructive feedback to the Team Lead, tactfully and professionally, in the execution of secondary review functions, when assigned by Management.

• Perform due diligence analysis and secondary reviews in line with the policies / procedures and applicable regulations.

• Show, by example, effective workflow management, time management, and proficiency skills.

Qualifications

.

• Experience managing others in a fast paced, high accuracy environment.

• Excellent time management skills.

• Ability to proactively address time-bound challenges and deadlines, both personally, and as a manager of others.

• Strong research skills, utilizing Internet tools, such as Google, as well as subscription-based tools such as World Check One.

• Strong critical skills in delineating true positive from false positive hits.

• Strong critical skills in appropriately determining relevance of data output to the underlining alert or case.

• Bachelor’s degree in business, finance, accounting, related field, or equivalent experience.

• 3-5 years of AML Compliance experience, specifically in financial institutions involved in correspondent banking and/or trade finance regulatory compliance.

• ACAMS Certified Anti-Money Laundering Specialist (CAMS) Certification desired.

• Thorough knowledge of BSA / AML / TF / USA PATRIOT ACT.

• Must be a proficient user of Actimize or high aptitude of attaining such proficiency in a short period of time. If latter, prior extensive experience with other transaction monitoring systems is mandatory.

• Strong interpersonal, communication, and analytical skills.

• Efficient and logical approach to problem solving.

• Strong operating proficiency in Microsoft Office tools, specifically Excel and Word.