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Company is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries.
As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Company can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
Shared Service Banking operations (SSBO) provide utility processing services to Global Operations. By functionalizing processes across segments, SSBO realizes efficiencies through scale, location strategy and adoption of best practices. SSBO provides quality operational core processes at an optimal price point, with maximum benefit to MS business lines. Services currently provided by SSBO include Cash Management, OTC Derivative and Security Settlements, Position Services, Reconciliations, Tax, Client Reference Data; AML Client & Transaction sanction screening, Network Management and Vendor Management.
The Transaction Sanction Screening Team conducts screening for Anti Money Laundering (AML) regulatory requirements for incoming and outgoing payments for Operations globally.
The screening team is a global team with footprints in Mumbai & Baltimore.
Background on the Team:
Acting as a line of defense, transactions screening ensures payments made & received to Company are not facilitating transactions with any OFAC sanctioned countries, entities, or individuals. The role & responsibilities of this professional will be to ensure efficient identification and monitoring of transactions in the Bank and ensure timely escalation & reporting of potential true hits to the Global Financial Crimes [GFC] team.
Investigate and asses exceptions alerts for potential money laundering risks in the Bank
Ensure effective identification and escalation of potential true hits
Daily monitor of exceptions queue and ensure all payments are actioned before the currency cutoff
Communicate with business units & GFC team for clearance of exceptions
Ensure timely, efficient reporting of daily & MIS
Identify, communicate and remediate process breakdowns and best practices
Create and deliver reporting on process effectiveness to leadership team
Establish working & effective relationships with global teams
Ensuring documentation and standard operating procedures are up to date with all relevant approvals in place
Maintain a current understanding of money laundering and terrorist financing issues, including policies and procedures
Assist leadership team as needed
Skills required (essential):
Bachelors degree from an accredited college / university
Solid understanding of common money laundering schemes as well as the regulatory environment
Strong interpersonal and verbal communication skills with the ability to apply sound reasoning when delivering services
Possess strong analytical / reasoning skills
Has the ability to effectively handle a fast paced environment and successfully meet established deadline requirements
Be self-motivated and must have the ability to work independently
Has the ability to use various PC, MS Office and internet applications and tools to support day to day processes
Be able to handle highly confidential information professionally and with appropriate discretion
Up to 4 years of corporate intelligence, due diligence, and/or operations experience in the financial or professional services industries preferred
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