Manager - AML Compliance

Job Description

Our PurposeWe work to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. We cultivate a culture of inclusion for all employees that respects their individual strengths, views, and experiences. We believe that our differences enable us to be a better team one that makes better decisions, drives innovation and delivers better business results.Title and SummaryManager - AML ComplianceOverviewThe Legal AML Compliance team actively participates in the development and implementation of a robust compliance program that is designed to meet our regulatory obligations and ensure that internal and external constituents understand and respect the importance of their responsibilities with regard to this function.Reporting to Vice President, Legal Compliance, the Manager role will be part of the regional AML Advisory team and will be responsible for supporting AML reviews, conducting compliance investigations (with specific focus on India market), reporting information to relevant stakeholders, developing relationships with key internal and external partners, and assisting with management of AML and Sanctions risks. This role requires critical thinking, data analytics knowledge, problems solving skills, and in-depth understanding of Anti-money Laundering compliance principles and Mastercard AML rules.Role & Responsibilities

• Support the Regional AML Lead in ongoing management of regional network customers and network enablement partners adherence to Mastercards Rules.
• Perform customer identification, verification and monitoring procedures on new and existing customers to ensure adherence to Mastercard AML Standards and requirements.
• Provide support during the customer and/or product review process to evaluate potential AML risk associated with new or enhanced product offerings.
• Support India compliance investigations while adhering to strict data localization requirements.
• Perform compliance investigations to detect potentially suspicious activity while exercising critical thinking and formulating sound dispositions to discern the validity of transactions.
• Work with key business teams to develop solutions for meeting customer business needs and advancing Mastercard strategic initiatives while minimizing potential money laundering risk to Mastercard and other network participants.
• Support Regional AML Lead in tracking and reporting metrics to identify trends and establish action items for program preservation and enhancements.
• Support escalations, notifications of items of urgency, and other risks as needed.
• Support continuous process improvement and offer optimization recommendations.
• Ensure weekly updates of reporting templates to Senior Management.
• Maintain a high degree of professional competence in the area of financial crimes investigations through self-study, webinars/seminars, professional organizations, and other internal or external training.

Experience

• Bachelors degree required, JD or advanced degree desirable.
• Must have 7-10 years of AML and Sanctions compliance experience in banking/financial operations.
• Good understanding of BSA/US Patriot Act, US Sanctions and India requirements.
• Knowledge of banking/financial operations, transaction processing and/or payments-related industry experience is preferred.
• Proven ability to work independently or as a team player and function effectively in a dynamic, fast paced environment while handling multiple projects and consistently meeting deadlines.
• Superior attention to detail, problem-solving skills, and excellent written/verbal communication skills.
• Ability to remain flexible in a demanding work environment and adapt to rapidly changing priorities.
• ACAMS Certification preferred.

Corporate Security ResponsibilityAll activities involving access to Mastercard assets, information, and networks comes with an inherent risk to the organization and, therefore, it is expected that every person working for, or on behalf of, Mastercard is responsible for information security and must:

• Abide by Mastercards security policies and practices;
• Ensure the confidentiality and integrity of the information being accessed;
• Report any suspected information security violation or breach, and
• Complete all periodic mandatory security trainings in accordance with Mastercards guidelines.

Locations: Mumbai, India

Keyskills :
aml compliance data analytics problem solving critical thinking financial investigations amp dq enhancements action innovation implementation process improvement