Officer - Payment Screening Unit-United Bank Limited (UBL)

Officer – Payment Screening Unit-United Bank Limited (UBL)

For payment screening, having an officer dedicated to this task can significantly enhance security measures. With a specialized officer, there is a focused approach to detecting fraudulent activities and ensuring compliance with payment regulations. This targeted effort can lead to more effective screening processes and better protection against financial risks.

Key Responsibilities:

Perform name screening of transactions (Trade / Remittances / Freight Charges / Foreign Bills for Clearing) based on pre-defined criteria/ checklist
Ensure efficient identification and monitoring of suspicious activities / nature / pattern in transactions
Screen transactions to evaluate the money laundering risk from the perspective of who they involve
Identify red flags among commodities, counterparties, institutions, locations and vessels
Perform end to end vessel tracking
Carry out complex research/investigations to confirm, whether the potential matches to global sanctions / watch lists are actual matches according to the laid down guidelines
Ensure escalations for potential matches / hit during screening after reviewing and assessing the risk for escalations and ensuring that the appropriate course of action is taken
Ensure timely responses / resolution from all the concern departments regarding escalated / hit / open transactions
Ensure meeting TAT and timely responses for the in-hand cases and immediate referral of unmanageable / complex transactions to Supervisor /Line Manager
Maintain screening records for all cases including hit cases and underlying details/documents for later reviews in accordance with bank’s internal policies and procedures
Ensure data is protected and secured against fraud by following defined guidelines, access rights and verification levels
Stay up-to-date with applicable regulatory and compliance knowledge of local banking laws and international practices and developing trends

Eligibility Criteria

Bachelor’s degree in the relevant field from any HEC-recognized Institute
Fresh graduates/prior banking experience in operations (trade/ remittance) and/or compliance would be an added advantage
Good analytical skills and proficiency in office management tools including PC skills (MS Office).
Strong interpersonal and critical thinking skills with proficiency in conducting online legal research.
Ability to follow established workflows and guidelines.
Aptitude of working under time constraint environment and ability to prioritize and organize multiple tasks and meet deadlines.

Minimum Experience:

Fresh

Location:

Karachi

Last Date for Apply : 15-APR-24

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