Manager - AML Transaction Monitoring Analytics.Retail Analytics (Mashreq Bank Pakistan Limited)
Job Purpose:
As a member of the Mashreq Bank Pakistan Limited Retail Banking Group (RBG), the incumbent will play a key role in the development, implementation, optimization, and maintenance of transaction monitoring systems and operations aimed at mitigating financial crime risks. The role involves close collaboration with the Compliance Manager at Mashreq Group and Country Compliance teams to enhance AML transaction monitoring frameworks, strengthen operational workflows, and improve the effectiveness of existing monitoring rules and processes.
The incumbent will also lead and support initiatives focused on increasing operational efficiency through automation, advanced analytics, machine learning, and other technological solutions. Responsibilities include identifying process improvement opportunities, reducing manual intervention, enhancing alert quality, and driving projects that strengthen the Bank’s overall financial crime risk management capabilities while ensuring compliance with regulatory and internal requirements.
Key Result Areas:
Support the AVP – AML Transaction Monitoring Product Owner in following:
- To Manage transaction monitoring system performance by overseeing alert/case volumes and outcome of investigations and provide ongoing coaching, guidance, and training.
- Oversee the data management by validating the ETL exception Reports/Process, data mapping and data quality reports.
- Define specifications for transaction monitoring scenarios/models; design and implement risk-based alert scoring.
- Partner with Regulatory Technology team of the bank and support on-going activities for various AML TM related projects
Translate business/compliance/regulatory requirements into structured Business Requirement Document to build suitable methodologies to obtain targeted output
Work with relevant technology contact to Document technical specifications, perform User Acceptance tests and document results of analysis/new initiatives.
- Responsible for technical and functional soundness of AML scenarios /models/tools; maintain efficiency of AML models using client/customer segmentation, scenario/rule tuning, and creating BTL (below the line) sampling
- Perform typology coverage assessment of TM system and Address AML coverage gaps. Resolve logic and configuration issues in monitoring scenarios;
- Work in partnership with users to develop and drive initiatives that transform and modernize the capabilities and services of transaction monitoring
Assist Compliance function with actionable intelligence on Finance Crime Compliance risk by performing Adhoc Extracts, analyses, and interprets data using SQL/relevant tools and applied statistical techniques Support Audit & Model validation reviews. Remediate findings related to those reviews
Support in building proactive solutions to detect AML risks and perform effective dynamic monitoring of clients using internal or external data.
Coordinate with seasoned AML investigators to create a seamless process for data/intelligence driven investigations.
Maintain adequate record-keeping /MI and evidences pertaining to AML, etc
Assist with ensuring the integrity of the data and perform data governance and profiling activities as directed.
Special projects as requested
Knowledge, Skills & Experience:
Mandatory
Bachelor's/ Master's degree in related field with excellent quantitative and qualitative methodological skills.
Knowledge of AML laws and regulations, including a general and broad understanding of AML and representational risks
- Subject Matter expert in AML Transaction Monitoring covering various Business lines such as Retail/Corporate Banking, Correspondent banking and Trade etc.
- Experience in AML Transaction Monitoring models and relevant experience in Tuning and Optimization of AML models
Experience in Data Quality assessments and associated data cleansing methodologies.
Excellent collaborative and team building skills and a desire to work as a part of a high functioning team of financial intelligence specialists.
Strong oral and written communications skills and experience defending research findings
Preferable
Additional Knowledge on SAS-AML application/SAS EG/SAS VIYA platforms
Experience Consumer Financial Product/Payments/FinTech Experience a plus Machine learning, statistical modeling or data mining expertise
Understanding of the data analysis pipeline, data infrastructure, big data and work well with large datasets.
Experience with Risk Coverage Assessment, Model Validation and Tuning
Certification from CAMS/equivalent