Manager - AML Trade jobs at United Bank Limited (UBL) 2024

@ United Bank Limited (UBL)

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🚩 No. of Posts: 10

📍 Pakistan

Job Industry:

Private

Job Type:

Full-time

Experience Level:

Entry Level

Submissions begins on:

2024-02-26

Job Posted at:

2024-03-01 09:25:17

Submission Deadline:

2024-03-15

Disable Quota:

Not Mentioned

Female Quota:

Not Mentioned

Minority Quota:

Not Mentioned

Age Limit:

N/A

Eligiblity/ Qualifications:

Place(s) of Posting:

Karachi

Location Type:

Physical / On-site

Applicant Location:

Pakistan (Country)

Country of Appointment:

Pakistan

Employer details:

United Bank Limited (UBL)

Employer Contact Email:

customer.services@ubl.com.pk

Employer Contact Phone:

+92 21 32446949

Employer Address:

Contact Center & Customer Care,
1st Floor, UBL Warehouse Building,
Mai Kolachi Road, Karachi.

Other Jobs from United Bank Limited (UBL):

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Description:

United Bank Limited (UBL) has announced job vacancy of Manager - AML Trade at Karachi.

The job responsibilities of Manager - AML Trade at United Bank Limited (UBL) are:
People Management
• Effectively lead and manage the AML Trade Team by setting of individual objectives, managing performance, developing and motivating staff to maximise performance
• Provide guidance and on the job training for junior colleagues and conduct knowledge sharing sessions
• Act as a role model to direct and indirect reports to drive adherence to organisational values and ethics and foster a value driven culture within the Bank

Policies, Systems, Process & Procedures
• Act as a Subject Matter Expert to support Compliance in developing, maintaining and reviewing Sanctions related policies, procedures and processes

Continuous Improvement
• Identify opportunities for the continuous and sustainable improvement of the Sanctions screening process and system based on risks and control deficiencies identified, if any

Reporting
• Prepare MI related to Sanctions prior to submission to HFCC / GECO / MLRO.

Sanctions Advisory
• Keep abreast of related laws, regulations and best practices pertaining to Sanctions
• Coordinate with cross functional business units on advisory related to Sanctions including on sanctions language, due diligence on customers, trade transactions, vessel tracking, inward / outward remittances, military transactions etc.
• Close the alerts as per the Bank's defined process and within the specified turnaround time. Escalate to the Money Laundering Reporting Officer (MLRO) any outstanding alerts not resolved on a timely basis
• Assist in the mitigation of risk in terms of the sanction's regimes applicable to the bank
• Review results of alerts relating to Sanctions and present findings to the MLRO for confirmed matches, for further reporting to the regulator
• Assist the Head in advising on customer due diligence queries where sanctions risks have been identified
• Incorporation of the screening lists on the screening systems
• Assist in the preparation of the Management Information / Monthly Activity Reports and the MLRO reports
• Maintain proper records as per Bank's policy and in line with the regulatory requirements, including number of alerts generated, alerts closed, alerts outstanding and suspicious transactions reports recommended
• Review results of alerts relating to Sanctions and present confirmed matches to the MLRO for necessary actions as per regulatory requirements
• Ensure compliance with SROs and the update of applicable screening lists keeping in view feedback from respective business units, the regulators and global trends
• Support the Head in identifying and assessing possible Money Laundering / Financial Transactions risks that may arise in relation to new products, services, business practices and delivery mechanisms.
• Manage sanctions clearance for trade
•based transactions
• Escalation of Cases/alerts to Unit Head, where exact match being found with negative entities, on timely basis.
• Implement IA recommendations for findings against the Sanctions unit
• Supervision of TBML review on monthly basis.
• Review and closure of Trade transactions monitoring alerts (FCCM)
• Attending business queries with respect to Trade Transactions.
• Review Monthly activity report.
• Review and closure of Trade transactions screening alerts (Accuity System)
• Perform UAT's
• SAR reporting through GOAML.

Qualification:

Minimum Qualifications:
• Bachelor’s degree from a recognized institute / university
• Master’s degree or professional qualification shall be given preference

Minimum Experience:
- 5+ Years of professional experience.

Job Specific Skills:
- Financial Crime and compliance knowledge, specifically Sanctions
- In-depth understanding of laws and regulations relating to Sanctions
- Proficiency in office management tools (PC Skills, MS Office)
- Leadership and team management skills

Employment Type:

This job offered by United Bank Limited (UBL) is a Full-Time position. The possible benefits of Full-time positions include: Stability, Growth, and More

Applications begins on:

The interested candidates/ job seekers can apply for the post of Manager - AML Trade at United Bank Limited (UBL) from February 26, 2024

Last Date to Apply:

The last date to apply for the post of Manager - AML Trade at United Bank Limited (UBL) is March 15, 2024.

How To Apply:

• Apply online on given link below.

Submit your application:

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Tags: Banking Job, Banking Jobs, Management, MS Office, Regular, UBL

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Frequently Asked Questions (FAQs)

Q: What are the Job Responsibilities of Manager - AML Trade at United Bank Limited (UBL)?

A: The Job Responsibilities of Manager - AML Trade at United Bank Limited (UBL) are:
People Management - Effectively lead and manage the AML Trade Team by setting of individual objectives, managing performance, developing and motivating staff to maximise performance - Provide guidance and on the job training for junior colleagues and conduct knowledge sharing sessions - Act as a role model to direct and indirect reports to drive adherence to organisational values and ethics and foster a value driven culture within the Bank Policies, Systems, Process & Procedures - Act as a Subject Matter Expert to support Compliance in developing, maintaining and reviewing Sanctions related policies, procedures and processes Continuous Improvement - Identify opportunities for the continuous and sustainable improvement of the Sanctions screening process and system based on risks and control deficiencies identified, if any Reporting - Prepare MI related to Sanctions prior to submission to HFCC / GECO / MLRO. Sanctions Advisory - Keep abreast of related laws, regulations and best practices pertaining to Sanctions - Coordinate with cross functional business units on advisory related to Sanctions including on sanctions language, due diligence on customers, trade transactions, vessel tracking, inward / outward remittances, military transactions etc. - Close the alerts as per the Bank’s defined process and within the specified turnaround time. Escalate to the Money Laundering Reporting Officer (MLRO) any outstanding alerts not resolved on a timely basis - Assist in the mitigation of risk in terms of the sanction\'s regimes applicable to the bank - Review results of alerts relating to Sanctions and present findings to the MLRO for confirmed matches, for further reporting to the regulator - Assist the Head in advising on customer due diligence queries where sanctions risks have been identified - Incorporation of the screening lists on the screening systems - Assist in the preparation of the Management Information / Monthly Activity Reports and the MLRO reports - Maintain proper records as per Bank’s policy and in line with the regulatory requirements, including number of alerts generated, alerts closed, alerts outstanding and suspicious transactions reports recommended - Review results of alerts relating to Sanctions and present confirmed matches to the MLRO for necessary actions as per regulatory requirements - Ensure compliance with SROs and the update of applicable screening lists keeping in view feedback from respective business units, the regulators and global trends - Support the Head in identifying and assessing possible Money Laundering / Financial Transactions risks that may arise in relation to new products, services, business practices and delivery mechanisms. - Manage sanctions clearance for trade-based transactions - Escalation of Cases/alerts to Unit Head, where exact match being found with negative entities, on timely basis. - Implement IA recommendations for findings against the Sanctions unit - Supervision of TBML review on monthly basis. - Review and closure of Trade transactions monitoring alerts (FCCM) - Attending business queries with respect to Trade Transactions. - Review Monthly activity report. - Review and closure of Trade transactions screening alerts (Accuity System) - Perform UAT’s - SAR reporting through GOAML.