Title and Summary

Associate Analyst, Legal Compliance – AML, KYC, Sanctions

Job Summary:

Reporting to Senior Analyst, Associate Analyst is required to perform a holistic review of Sanction Screening / AML screening holds / Alerts to determine validity of match. The Associate Analyst is required to conducts alert reviews to identify potential high-risk transactional activity, potential attempts of structuring and transactions involving high value cash movement through international borders also to conducts alert reviews to identify potential high-risk transactional activity, , potential Sanctions match reviews and beneficial ownership reviews. Analyst is also responsible to ensure timely escalation of suspicious transactions as required. It is further required to examine information received from clients, to review reports on clients’ activities and ensure proper record-keeping.

Key Responsibilities:

Sanction screening / AML screening alert remediation: 80%

• Investigate and assess real-time alerts and post transaction AML and Fraud related alerts along with alerts for potential match with International Sanctions lists, and companies’ internal lists.
• Ensure efficient identification of suspicious activities and resolution of AML / / Sanction screening related alerts.
• Coordinates with Agents/Partners/Clients to conduct necessary due diligence, obtain necessary information, documentary proof and take appropriate action to mitigate potential risks.
• Ensure timely, efficient reporting of suspicious transactions and matches with watchlists as appropriate.
• Coordinate with Senior Compliance Analysts on issues and matters of concern related to transactions monitoring / Sanction screening and agents/partners risks.
• Timely execution of queries received from Senior Compliance Analysts and Regional Compliance Officers.
• Maintain a current understanding of money laundering and terrorist financing issues, including policies, procedures, regulations, industry best practice, criminal typologies and developing trends.
• Ensure appropriate record-keeping and other duties as required.

Subject Matter Expertise and Continuing Education Responsibilities: 10%

• Demonstrate and maintain effective knowledge of simple and complex financial activities, including but not limited to international money remittance, global markets products and services, corporate and personal transactions.
• Keep abreast of current regulatory developments to ensure the implementation of appropriate AML operational procedures related to sanctions.

Additional Duties as Assigned and Compliance and Regulatory Responsibilities: 10%

• Assist Transaction monitoring Team leader in ad-hoc requests

Experience, Skills and Qualifications:

-  Professional experience

0 to 3 years of Transaction Monitoring – investigative or related experience with specific emphasis on Sanction screening / AML at a financial institution preferably in International Money Remittance business.

-  Educational qualifications

• Bachelor’s degree, or related field of study.

-  Interpersonal skills

• Excellent interpersonal abilities including superior oral and written communication skills.
• Ability to work under pressure with tight deadlines
• Ability to handle issues and concerns with tact and diplomacy
• Willing to work on shifting schedule
• Additional language skills are highly desirable (Arabic)

Technical / AML skills

• Knowledge of AML “red flags”, particularly with respect to international money remittance with specific emphasis on Sanctions and fraud prevention is highly desirable.
• Understanding of money remittance products and services and how they may be exploited for criminal purposes, including but not limited to money laundering and terrorist financing activities.