Manager Compliance - AML

About the role

Mashreq is hiring a Manager Compliance - AML for its AML Unit within the Compliance Group. The role supervises compliance with statutory regulations and guidance notes issued by the UAE Central Bank and other regulators, oversees complex regulatory and law enforcement agency cases, manages the AML team and acts as a focal point for the UAE Central Bank's National Anti-Money Laundering Agency (FIU). Appointment requires Central Bank approval.

Key responsibilities

• Monitor compliance with Central Bank and other regulator guidance and escalate critical issues promptly
• Review, assess and oversee freeze, unfreeze, confiscation, search requests and other regulatory/LEA cases handled through IEMS, CIR/CBR, goAML and other channels, in line with AML-RRU SOPs and time limits
• Manage end-to-end case quality, completeness of responses, escalation and timely submission to regulators and LEAs
• Train and guide the AML unit and complex investigation team, and highlight key financial crime risks in intelligence and complex investigation reports
• Support the MLRO in filing STR/SAR with the FIU and engage with business units and auditors on financial crime risks and due diligence
• Manage the AML team, set targets, evaluate, train and motivate staff, and run training programmes aligned with current regulations
• Implement AML monitoring procedures and controls, introduce monitoring scenarios and parameters, and ensure all customer segments, products and activities are covered
• Manage regulatory inspections, coordinate with examiners, implement recommendations and keep the Head of Compliance informed
• Maintain the AML and customer screening system at an optimal level, keep false positives low, and contribute to product, system, policy and procedure development
• Handle complex AML queries, conduct periodic control reviews and compliance monitoring, and respond to enhanced due diligence requests from law enforcement, overseas branches and correspondent banks

Required profile

• At least 10 years of AML transaction monitoring and investigations experience, or 10-12 years of total banking experience with at least 5 years in AML compliance
• ACAMS certified or another recognised certification is a plus
• Good understanding of local AML/CFT rules, international best practice and global settlement flows
• Excellent spoken and written English, strong report writing and presentation skills

Required skills

• Knowledge of AML/CFT regulatory requirements, including CBUAE, UAE FIU and goAML
• Working knowledge of IEMS, CIR/CBR, goAML, core banking and other investigation tools
• MS Excel and Business Object (BO) reports; data analytics knowledge is a plus