Associate Analyst, Legal Compliance

Our Purpose

We 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 Summary

Associate Analyst, Legal Compliance

Job Summary: The Associate Analyst – Transaction Monitoring, reporting to the Senior Analyst, is responsible for reviewing Sanction Screening, Fraud, and AML alerts to determine their validity. This includes identifying high-risk transactional activities, potential structuring attempts, and high-value cash movements across borders. The role involves reviewing alerts for PEPs, potential sanctions match, and beneficial ownership, ensuring timely reporting of suspicious transactions, and maintaining proper record-keeping.
Key Responsibilities:
• Sanction Screening / Fraud / AML Alert Remediation (80%):
o Investigate and assess real-time and post-transaction alerts.
o Identify and resolve suspicious activities.
o Coordinate with agents, partners, and clients for due diligence.
o Report suspicious transactions and matches with watchlists.
o Collaborate with Senior Compliance Analysts and Regional Compliance Officers.
o Maintain knowledge of money laundering and terrorist financing issues.
o Identify procedural weaknesses and training needs.
o Handle money laundering queries from banks, agents, or partners.
o Ensure proper record-keeping.
• Subject Matter Expertise and Continuing Education (10%):
o Maintain knowledge of financial activities and regulatory developments.
o Implement appropriate AML operational procedures.
• Additional Duties and Compliance Responsibilities (10%):
o Assist the Transaction Monitoring Team Leader with ad-hoc requests.
Experience, Skills, and Qualifications:
• Professional Experience:
o 0 to 3 years in Transaction Monitoring, with emphasis on Sanction Screening, Fraud, and AML.
• Educational Qualifications:
o Bachelor’s degree in business/commerce or related field of study
o AML certifications like CAMS are a plus.
• Interpersonal Skills:
o Excellent communication skills.
o Ability to work under pressure and handle issues diplomatically.
o Willingness to work on a shifting schedule.
o Additional language skills (Urdu, Arabic, Bangla, Nepali, Indian regional languages) are desirable.
• Technical/AML Skills:
o Experience in analyzing international money transfer activities.
o Knowledge of AML “red flags” and fraud prevention.
o Proficiency in automated transaction monitoring systems.
o Understanding of money remittance products and services.

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.