Mashreq - Assistant Vice President - Compliance

Job Purpose:

Manage and oversee teams engaged in 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 management of the MBNY TM Unit Head, or designee, exercise Subject Matter Expertise in the management of multiple teams conducting 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.

About:

- Manage and supervise TM Due Diligence teams of MGN India, in support of MBNY Transaction Monitoring Unit Head.

- Conduct formal assessment of KPIs and other productivity and quality markers of MGN India, TMDD staff.

- Prepare periodic KPI reports to the MBNY Unit Head, or designee.

- Under the direction of the MBNY Unit Head, or designee, manage and supervise Quality Control and Quality Assurance periodic reviews and remedial actions, in accordance with MBNY TM SOP, other relevant MBNY policies and procedures.

- Assure the adherence 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.

- Assure the adherence to the MBNY TM Standard Operating Procedures (TM SOP), as well as with other applicable Bank guidelines / procedures, in support of the MBNY TM Unit Head, or designee.

- Pro-actively escalate critical issues (compliance / regulatory) to the TM Unit Head, or other parties, as required by the MBNY TM SOP.

- Performs any other relevant duties which may be assigned by the MBNY TM Unit Head, 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 MBNY TM Unit Head, or any other authorized Mashreq employee.

- Work with the MBNY TM Unit Head, or designee, in identifying research process efficiencies.

- Assist HR and Compliance Management, and locally manage interviewing, hiring, onboarding, and training of new staff.

- When necessary, recommend remedial and disciplinary action related to performance and overall conduct, in line with policies and procedures of Mashreq bank.