Interpret domestic and international sanctions (UAE, US, UK, EU, UN etc.) and maintain sufficient awareness and knowledge of Sanctions that impact the bank and/or its branches or subsidiaries.
Conduct investigation of complex and high-risk Sanctions alerts as per the regulatory requirements and in accordance with internal Compliance policies and procedures.
Ensure full adherence to Group Sanctions Policy, including but not limited to related Sanctions Guidance and operating procedures.
Support Compliance Manager in identifying Sanctions risk themes and trends and improve sanctions risk management capability.
- Review and disposition of Sanctions screening alerts through effective investigation and adherence to policies, standards and procedures. Highlight concerns, trends and patterns to Compliance Manager.
- Coordinate with the business units in relation to resolution of alerts and client information.
- Handle Sanctions referrals as per the Bank’s policy, ensuring no breach of the applicable sanctions policies, standards and guidance.
- Provide effective support and maintain metrics as per internal procedures; prepare monthly and adhoc management reports.
- Identify and escalate areas requiring attention or strengthening and recommend changes and improvements in line with industry standards and applicable regulations.
- Record keeping
- All records of the unit must be kept in a confidential and secure state
- Adhere to record retention policy and the SOP guidelines
- Maintain effective working relationships with Business, Operations and other Compliance functions.
- Assist in Compliance projects as and when required including effective deployment of system and procedural changes as required.
Knowledge:
General knowledge of Compliance, Sanctions, AML and KYC / CDD .
Clear understanding of relevant business and operations processes that support sanctions screening.
Good understanding of core banking and Sanctions screening systems and their interaction / use.
Skills and Experience:
0-2 years banking experience
Lateral thinker with an ability to interpret and solve complex issues.
Excellent communicator with strong inter-personal and influencing skills.
Ability to adapt to change and provide inputs where necessary.
Effective team player with ability to work collaboratively.