Transaction Compliance Manager

1 week ago


Karachi, Sindh, Pakistan beBeeFinancialCrime Full time $100,000 - $140,000
Job Title:

Transaction Monitoring and Sanction Screening Specialist

Job Overview:

This position plays a vital role in safeguarding our organization from financial crime by effectively managing and executing anti-money laundering (AML) and counter-terrorist financing (CTF) activities, ensuring compliance with regulatory requirements.

Main Responsibilities:
  • Transaction Monitoring:
    • Review and analyze alerts generated by the Transaction Monitoring System (TMS) for unusual or suspicious activity.
    • Investigate flagged transactions and escalate findings to senior management or relevant authorities as necessary.
    • Document investigation results and maintain proper records for audit and compliance purposes.
  • Sanction Screening:
    • Conduct real-time and periodic screening of customer data against sanctions, watchlists, and politically exposed persons (PEP) databases.
    • Investigate and resolve matches or 'hits' identified during the screening process.
    • Ensure accurate reporting of confirmed matches in accordance with internal and regulatory guidelines.
  • Compliance Management:
    • Stay updated on AML/CTF laws, sanctions regulations, and compliance best practices.
    • Assist in developing, implementing, and enhancing policies, procedures, and controls related to TMS and sanction screening.
  • Reporting and Coordination:
    • Liaise with internal stakeholders to address queries related to TMS alerts and sanction screening processes.
    • Prepare periodic and ad hoc reports on monitoring and screening activities for internal stakeholders and regulators.
  • System Optimization:
    • Collaborate with IT and vendor teams to optimize the TMS and sanction screening tools.
    • Test and validate system updates or changes to ensure operational efficiency and accuracy.
  • Training and Awareness:
    • Provide training and guidance to team members on the use of TMS and sanction screening tools.
    • Raise awareness about the importance of AML/CTF and sanctions compliance within the organization.
  • Enhanced Due Diligence (EDD) and Customer Due Diligence (CDD):
    • Ensure compliance with Enhanced Due Diligence (EDD) and Customer Due Diligence (CDD) processes.
    • Conduct thorough EDD on high-risk customers and ensure all CDD information is accurate and up-to-date.
    • Implement and monitor ongoing EDD and CDD procedures to mitigate potential risks.
  • Payment Screening:
    • Set up Payment Screening post-pilot.


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