AML Senior Compliance Analyst/Specialist- Sanctions Screening/Transaction Monitoring-1

Our Purpose

Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we're helping build a sustainable economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.

Title and Summary

AML Senior Compliance Analyst/Specialist- Sanctions Screening/Transaction Monitoring-1Overview
The MTS Compliance Operations team is looking for one (1) AML Sanctions Screening/Transaction Monitoring Specialist to join our dynamic team and ensure the company and the organizations we support adhere and remain compliant to all relevant anti-money laundering and counter terrorist financing regulations. In this role, you will leverage your expertise in Sanctions Screening and Transactions Monitoring processes to help eliminate or mitigate risks associated with customer transactions. In addition, this role involves monitoring and analyzing transactions of onboarded customers to identify suspicious activities, conducting thorough investigations, and escalating the same to appropriate internal teams. A background on KYC/Onboarding is also expected in this role. The ideal candidate is passionate about financial crime detection and investigation, agile, highly motivated, intellectually curious, analytical, and possesses an innovative mindset.
The Role

• Review transactions and the KYC information of the parties transacting that have triggered alerts generated by the Mastercard AML system as potential sanctions or internal watchlist match(es).

• Analyze the KYC information of parties and determine if the same corresponds to the information of the sanctioned individual(s) or entity(ies) referenced in the alert.

• Release the transaction if it is established that the party or parties is/are not the same as the sanctioned or prohibited individual(s)/entity(ies);

• If there is any need to escalate any decision to the MLRO/BSA Officer in accordance with established procedure, endorse the matter with the appropriate recommendation;

• Review referrals or escalations coming from analysts within the team and render appropriate analysis or conduct investigation to arrive at a decision or apply the required action;

• Coordinate with relevant teams within Mastercard to perform the tasks required;

• When needed and required, prepare reports to relevant parties within Mastercard relative to any analysis or investigation performed on the transactions or parties;

• If assigned to lead or supervised the other analysts in the team, this senior analyst is expected to monitor the performance and compliance of the other analysts with the agreed SLAs and adherence to the established procedures/rules of Mastercard, and is required to prepare agreed upon reports;

• When needed, provide support to the onboarding team in analyzing and clearing alerts (sanctions, media, etc.) pertaining to onboarded customers and its directors, controlling shareholders, beneficial owners, etc.;

• Prepare documentation and reports to support regulatory examinations, audits, and inquiries;

• Conduct investigations of potential money laundering activities and document findings;

• Maintain detailed records of compliance activities and investigations; and

• Prepare and present reports on key AML Metrics to leadership/management.
 
All About You

• The ideal candidate for this Senior Specialist role is a highly analytical and detail-oriented professional with a Bachelor's degree in business, finance, management or other related fields.

• With advance level of experience (minimum of 5 years) in financial and other related services performing AML/CFT and/or financial crimes investigation-related roles or tasks.

• Possesses deep understanding of AML laws, regulations, and best practices.

• Technologically proficient and adept in using AML monitoring systems and related software and has excellent analytical and investigative skills.

• The ideal candidate should also excel in written and verbal communication, demonstrating strong problem-solving abilities and a keen eye for detail.

• Known for integrity and ability to maintain confidentiality, proactive, capable of working independently, and thrive in team environments.

• Must have strong time-management skills so tasks can be prioritized effectively under pressure to meet strict deadlines

• A comprehensive understanding of financial products and transaction processes, combined with a commitment to continuous learning to adopt quickly to evolving compliance, regulatory and business landscapes are ideal qualities for the candidate for this role.

• Must have managed or supervised analysts or a small team of analysts for a minimum of 2 years;

• Holder of certification(s) in Transactions Monitoring (CTMA), KYC (CKYC) or AML (CAMS) or their equivalent, are preferred. Basic knowledge of Cards or Settlement System will also be given preference.

Corporate Security Responsibility

All activities involving access to Mastercard assets, information, and networks comes with an inherent risk to the organization and, therefore, it is expected that every person working for, or on behalf of, Mastercard is responsible for information security and must:

• Abide by Mastercard's security policies and practices;

• Ensure the confidentiality and integrity of the information being accessed;

• Report any suspected information security violation or breach, and

• Complete all periodic mandatory security trainings in accordance with Mastercard's guidelines.

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