Associate - AML Analyst

Our Purpose

Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we’re helping build a sustainable economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.

Title and Summary

Associate - AML Analyst

Job Summary:
Reporting to Senior Analyst and/or Manager, Associate Analyst is required to primarily perform a holistic review of Sanction Screening / AML screening holds / Alerts to determine validity of match and justified hold or rejection. The Associate Analyst is required to conduct alert reviews to identify potential high-risk transactional activity, potential attempts of structuring and transactions involving high value cash movement through international borders. Associate Analyst is moreover expected to conduct alert reviews to identify potential Sanctions match and beneficial ownership reviews. Associate Analyst is also responsible to ensure timely escalation of suspicious transactions as required. Associate Analyst is further required to examine information received from clients, to review reports on clients’ activities and ensure proper record-keeping. Associate Analyst may also be assigned, when support is needed, to perform KYC Onboarding tasks. Report preparation and presentation are part of the regular activities expected to be performed. As part of a global company, extensive collaboration with counterparts/colleagues in other jurisdictions may be expected.
Key Responsibilities:
• Sanction screening / AML screening alert remediation: 70%
o Investigate and assess real-time alerts and post transaction AML and Fraud related alerts along with alerts for potential match with International Sanctions lists, and companies’ internal lists.
o Ensure efficient identification of suspicious activities and resolution of AML / / Sanction screening related alerts.
o Coordinate with Agents/Partners/Clients to conduct necessary due diligence, obtain necessary information, documentary proof and take appropriate action to mitigate potential risks.
o Ensure timely, efficient reporting of suspicious transactions and matches with watchlists as appropriate.
o Coordinate with Senior Compliance Analysts and/or Manager on issues and matters of concern related to Transactions Monitoring / Sanctions Screening and agents/partners risks.
o Timely execution of queries received from Senior Compliance Analysts and Regional Compliance Officers.
o Maintain a current understanding of money laundering and terrorist financing issues, including policies, procedures, regulations, industry best practices, criminal typologies and developing trends.
o Ensure appropriate record-keeping and other duties as required.
• Subject Matter Expertise and Continuing Education Responsibilities: 10%
o Demonstrate and maintain effective knowledge of simple and complex financial activities, including but not limited to: international money remittance, global markets products and services, corporate and personal transactions.
o Keep abreast of current regulatory developments to ensure the implementation of appropriate AML operational procedures related to sanctions.
• KYC Onboarding ~10%
o Perform investigation and analysis on KYC information and documents to confirm or validate representations of customers.
o Identify and Analyze Controlling Shareholders and Beneficial Owners to assist in the determination of the company’s risk exposure.
o Identify and determine critical alerts (sanctions and adverse media) for disposition and escalation to Senior Analyst/Managers.
o Coordinate with other employees and/or compliance team of clients to verify or clarify information and issues.
• Report Preparation and Presentation ~5%
o Keeping and updating of trackers for monitoring investigation and case management.
o Drafting/preparation of reports for presentation to teams/leaders as well as delivering reports to teams and leaders from time to time.
o Knowledge in using Excel and other apps/tools (Power BI, Confluence, etc.) for report preparation and performance and case tracking is preferred.
• Additional Duties as Assigned and Compliance and Regulatory Responsibilities: 5%
o Perform such other ad-hoc duties and tasks as may be identified that are necessary and appropriate for the efficient and effective performance of duties of the team.

Experience, Skills and Qualifications:
• Professional experience
o Minimum of 2 years of Transaction Monitoring/Sanctions Screening/KYC Onboarding - investigative or related experience with specific emphasis on Sanction screening at a financial institution, preferably in International Money Remittance business.
o Educational qualifications
 Bachelor's degree, or related field of study.
o Interpersonal skills
 Excellent interpersonal abilities including superior oral and written communication skills.
 Ability to work under pressure with tight deadlines
 Ability to handle issues and concerns with tact and diplomacy
 Willing to work on shifting schedule
 Additional language skills are highly desirable
o Technical / AML knowledge and skills
 Knowledge of AML “red flags”, particularly with respect to international money remittance with specific emphasis on Sanctions and fraud prevention is highly desirable.
 Understanding of money remittance products and services and how they may be exploited for criminal purposes, including but not limited to money laundering and terrorist financing activities.
 Experience in KYC Onboarding.
 Experience in alerts analysis and dispositions relative to onboarding.
o AML-related Certifications
 Certification(s) on AML-related fields will be given special consideration.

The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified.

Corporate Security Responsibility

All 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 Mastercard’s 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 Mastercard’s guidelines.