Team Leader – Operations, Regulatory and Compliance

This is a fully remote position, open to applicants in India.

📋 Description

• Receive responses or decisions via email from the business group focal point and release or reject messages as directed.

• Escalate and raise reminders when no decision or response is obtained within the turnaround time (TAT).

• Investigate and highlight potential product issues at CPC/IBG in line with bank compliance policies.

• Keep up-to-date with the legal, statutory, and regulatory frameworks impacting the bank.

• Deliver compliance awareness and training to both existing and newly hired CPC/IBG personnel.

• Provide timely and precise management information system (MIS) reports to the Unit Manager and other departments.

• Manage and oversee referrals and release messages to various units.

• Ensure that transactions are processed in compliance with the standard operating procedures (SOP), bank policies, and agreed TAT with zero errors or tolerance.

• Oversee daily end-of-day confirmation emails.

• Own and manage all queues in Fircosoft.

• Identify and prevent financial crimes by recognizing compliance and sanctions risks.

• Support the Unit Manager and business compliance teams by filtering and prioritizing compliance and regulatory concerns.

• Identify tasks within processes and reporting that do not add value.

• Ensure that exceptions are reported and monitoring systems are effectively administered.

• Release, accept, reject, or modify the OFAC-validation queue for incoming and outgoing payment messages as well as cheque payments.

• Release messages to the relevant unit focal points for further guidance and respond to messages based on decisions made.

• Provide information and reports to internal units and external regulatory bodies.

• Maintain all unit records and files.

• Confirm end-of-day (EOD) to stakeholders after processing all queue messages.

⛳️ Requirements

• 4-6 years of experience in banking operations with practical experience in a checker role requiring comprehensive banking skills and technical knowledge.

• In-depth knowledge and understanding of general banking procedures, cheque payments, inward and outward payment sanctions screening for MT103, MT202, MT199, MT400, and MT700 Series messages, as well as anti-money laundering regulations applicable in various jurisdictions.

• Proficient working knowledge of SWIFT and Mashreq processes and systems.

• Expertise in interpreting banking regulations, laws, anti-money laundering regulations, and related policies.

• Exceptional communication and interpersonal skills.

🏝️ Benefits

• Competitive salary and performance-based bonuses.

• Comprehensive health and wellness programs.

• Opportunities for professional development and career advancement.

• Supportive work environment fostering teamwork and collaboration.