Job Summary:

Monitoring customer transactions through the automated Transaction Monitoring System in line with the regulatory requirement and the Banks’s policies and procedures.

Job Description/Responsibility:

  • Keep abreast of related laws, regulations and best practices pertaining to AML / CFT / CPF
  • Review TM related alerts generated by the Transaction monitoring systems
  • Conduct investigation on alerts raised in the Transaction Monitoring System
  • As per defined procedures, review and ensure proper closure of alerts generated on system in a timely manner, within the defined turnaround time
  • Escalation of cases / alerts to team leader, where suspicious activity is identified
  • Monitoring of business relations and transactions from a due diligence and ML / TF / PF perspective on an on-going basis through the automated Transaction Monitoring Systems
  • Coordinate with the Business function to understand the customer profile and identify if the transactions are consistent with the profile, risk rating, business activity, source of funds and / or any other information available with the Bank. Business units may also be requested to provide additional information or documentation pertaining to the customer
  • Coordinate with cross functional business units on advisory related to AML / CFT / CPF and Transaction monitoring issues
  • Ensure that the alerts are closed as per the Bank’s defined process and within the specified turnaround time.
  • Manage, identify and escalate suspicious transactions to the Unit Head/ DMLRO/MLRO in consultation with the team lead for onwards reporting to the Financial Monitoring Unit
  • Maintain proper records as per Bank’s policy and in line with the regulatory requirements, including number of alerts generated, alerts closed, alerts outstanding and suspicious transactions reports recommended
  • Identify and assess possible ML / TF / PF risks that may arise in relation to new products, services, business practices and delivery mechanisms
  • Marking of high-risk accounts and assist in updating the risk scoring module
  • Maintenance of proper record and MIS for each activity for onward reporting to management

Job Details

Total Positions:
1 Post
Job Shift:
First Shift (Day)
Job Type:
Compliance & Controls Assurance
Job Location:
No Preference
Minimum Education:
Career Level:
Entry Level
Fresh - 1 Year
Apply Before:
Nov 11, 2022
Posting Date:
Nov 08, 2022

United Bank Limited (UBL)

Banking/Financial Services · 301-600 employees - Islamabad, Karachi, Lahore

United Bank Limited is the second largest private commercial bank in Pakistan with over 1000 branches and has an international presence in 10 countries. We are a growing bank with immense potential and prospects for employment in the offering. We are on the path rerouted for attaining excellence; to achieve our goals for more prosperity and to enhance our internal and external equity. We believe in setting the right goals for the right jobs and we strive to identify the right resources. UBL is known for redefining the career paths and growth prospects of all its employees, and we pride ourselves in that. In order to ensure their success, we provide an affluent work environment, conducive and beneficial to the enrichment of their personal grooming and one that proves instrumental for the success of the Bank. UBL is the place for you if you are willing to materialize all your deliverables in alignment with the organization's holistic vision to grow and excel.

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