Job title:
Compliance Operations – Assistant Manager
Department
Compliance Ops Unit – Egypt Operations
Reporting to
Manager – Compliance Operations

Job purpose

- Monitor & Control of Reconciliation and all control activities and fulfill regulatory requirements of the bank and regulatory authorities.

- Review and action all transactions on all the listed names/entities and countries against sanction hits in accordance with compliance with the agreed turnaround time and operating procedures.

- Handling and monitoring Fircosoft/Egypt Systems and total control of Referrals /Release of the messages.

- Process all transactions with agreed TAT with zero error and as per bank policy and guidelines.

- Checking & verifying the QC framework and related MIS reports

- Ensuring completion of daily control and functional checklist (DCFC) activity without fail.


Key Result Area

- Receive response/decision through email from the business group focal point and release or reject the messages as instructed also escalate/generate reminders if no decision/response is received with in TAT.

- Proper managing payment screening with appropriate decision in screening systems for Incoming/ Outgoing messages and cheques payments to safeguard bank interest on compliance and worldwide Anti- Money Laundering policy and avoid risk on worldwide compliance issues.

- Review and approve Transactions with 100 % accuracy within the established delivery standards with the agreed operating procedures.

- Escalate to compliance team if there is any sanction hit against any individual/entity or country for approval

- Explore & raise the possibility of issues on various products in accordance with the bank compliance policy and maintain current knowledge of existing / emerging legal / statutory / regulatory environment which could impact the bank.

- Provide ongoing awareness and training to all existing and especially newly joined staff of all applicable internal and external compliance requirements and awareness programs that are to be developed to strengthen understanding of compliance with legal / statutory requirements and corporate policies.

- Provide timely and accurate MIS / reports to Unit Manager and other units.

- Handling and total control of referrals/release the messages to various units.

- Ensure that all transactions are processed before EOD and cut off time also in line with the SOP and as per bank policy within agreed TAT and with Zero error/tolerance.

- Managing daily day end confirmation emails.

- Own the responsibility of owning all the queues in Fircosoft.

- Seek updates from compliance team with regards to the sanction screening.

- Identify process gaps and recommend system improvements and enhance efficiency to minimize risk and improve delivery standers.

- Managing FATCA annual Reporting process (data extraction, data validation, submission to CBs), working with the relevant stakeholders in Compliance




Operating Environment, Framework and Boundaries, working Relationships

- Awareness and understanding of bank products and system and regulatory body of various countries with frequent changes of Mashreq AML/compliance policy.

- Transaction screening and processing of Names/Entity and Country for all branches.

- Close co-ordination with Compliance for timely decisions.

- Processing of all the transactions as per respective turnaround times.

- Authorization of all transactions from a compliance review/release point of view.

- Strict compliance with bank’s policy and procedures

- Maintain cordial rapport and interactive relationship with key personnel within the unit and across Business Divisions.





Problem Solving and Decision Making Authority & Responsibility

- Detecting and preventing of financial crime by being cognizant of compliance and sanction risks.

- Provide proper training and support to unit members for implementation of Mashreq compliance culture and in providing advisory services across business groups.

- Provide support to Unit Manager and business compliance units by filtering all compliance and regulatory related issues and questions on compliance to enable them to be properly prioritized.

- Maintain total control of all activities as per bank policy

- Identify flabby and non-value add tasks within the process and reporting.

- Responsible for ensuring exceptions are reported and that a system of monitoring is in place and administered properly.

- Responsible for release/accept/reject/modification of OFAC-validation queue in screening system for incoming and outgoing payment messages and cheque payments

- Release the message to the concerned unit focal point with our valued participation for further guidance/decisions and attend message according the response/decision

- Responsible to provide required information’s/reports to various units/groups within the bank and outside regulatory authorities.

- All transactions are to be processed as per agreed TAT/SOP bank policy with zero error.

- Maintain and control of all record and files of the unit

- Ensure authorization of all transaction types after reviewing the authenticated information with proper screening completion across queues

- Responsible for Confirming EOD to all stake holders post completion of all messages in the Queue.




Knowledge Skills and Experience

- Extensive knowledge and understanding of General banking/ Cheque payments/ Inward and outward payments 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.

- 4-6 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, et

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