UBL Bank Announced Manager AML Trade Vacancies in Karachi Location. Your primary responsibility for this position is to oversee the team to identify and report bank accounts, customer relationships, risks associated with those relationships using different names, and transaction screening solutions.

The private sector advertised this job, but this post is permanent. UBL Bank requires candidates to have a bachelor’s degree, at least 5 years of experience, certain specific skills, and guaranteed key qualities.

You can apply before March 15, 2024, if you meet all the requirements below.

overview of the job

Job Title	Manager, AML Trade
Job Type	Permanent
Posted Date	26 February 2024
Industry	Private
Organization	United Bank Limited
Location	Karachi
Vacancies	Multiple
Last Date to Apply	15 March 2024

Eligibility Criteria

Minimum Education	A bachelor’s degree from an accredited university or institution. A professional qualification or master’s degree will be preferred.
Minimum Experience	5+ years of work experience.
Specific Skills	Knowledge of Financial Crime and Compliance, Particularly Sanctions. In-depth Understanding of Sanctions Laws and Regulations. Proficiency with office management software (MS Office, PC skills). Capabilities in team management and leadership.

Key Responsibility

• Effectively led and supervised the AML commercial team by setting personal goals, monitoring output, and motivating employees to reach their full potential.
• Provide mentoring and on-the-job training for junior associates, and conduct knowledge-sharing sessions.
• Promote the bank’s values, vision, and culture by leading by example in terms of organizational ethics and values in direct and indirect reporting.

Continuous Improvement

• Determine how risks or control deficiencies in the system can be continuously and sustainably addressed along with the screening procedures for restrictions.

Reporting

• Prepare MI related to sanctions before submission to the HFCC, GECO, or MLRO.

Sanctions Advisory

• Be aware of relevant sanctions laws, regulations, and best practices.
• Collaborate on sanctions advice, including sanctions language, consumer due diligence, business transactions, vessel tracking, inbound and outbound cargo, military transactions, etc., with cross-functional business groups.
• Close the alerts within the allotted turnaround time per the Bank’s established procedures. Refer any outstanding reports to the Money Laundering Reporting Officer (MLRO) if they are not resolved promptly.
• To help reduce risk, the bank’s applicable sanctions regulations.
• Examine the sanctions alert results, then forward the verified match results to MLRO for additional reporting to the regulatory body.
• Assist the Head in advising customers on due diligence queries where sanctions risks are identified.
• Computation of screening lists of the screening system
• Help to prepare administrative Information, monthly activity reports, and MLRO reports.
• Maintain appropriate records as per bank policy and regulatory requirements, including several alerts generated, alerts closed, alerts outstanding, and suspicious transaction reports recommended.
• Review the results of sanctions alerts and submit verified matches to MLRO for necessary actions per regulatory requirements.
• Ensure compliance with SROs, and screen lists using feedback from business units, regulators, and global trends.
• Help determine and evaluate potential money laundering, and financial transaction risks related to new products, services, business practices, and delivery methods.
• Manage sanctions approvals for trade-based transactions.
• Escalation of cases or alerts to the unit head, where exact matches are found with adverse entities, on a timely basis.
• Follow the IA’s recommendations if the Sanctions Unit is found to be at fault.
• Oversee the TBML review every month.
• Review and close commercial transaction monitoring (FCCM) alerts.
• joining the business inquiries related to commercial transactions.
• Review the monthly activity report.
• Examination and termination of trade transaction screening notifications (Accuity System).
• Perform UAT.
• SAR is reporting through GOAML.

Policies, Systems, Processes, and Procedures

• Serve as subject matter expert in sanctions policies, procedures, and processes.

How to Apply Online

To apply online, you must provide personal information, work experience, current employment, previous work experience, and a CV size of less than 1 MB.

After clicking on this link, you will reach the online application page.

Note:

Only selected candidates will be called.