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 end to end meticulous review of cases escalated from sanctions alert reviews (or otherwise) pertaining to potential illegal activity or activity in violation of economic or trade sanctions or activity that does not fall within the bank’s acceptable parameters.
Ensure adherence to Group Sanctions Policy, including but not limited to related Sanctions Guidance and Operating Procedures.
Support Compliance Manager in identifying Sanctions themes and trends and improve sanctions risk management capability.
Key Responsibility Areas
- Maintain a detailed understanding of domestic and international sanctions and export controls regulatory requirements, internal policies, standards & procedures, industry guidance, applicable typologies and red flags.
- Investigate customer activity (which may involve large data) from a sanctions and export control risks standpoint across business segments and portfolios to assess whether the activity falls within the bank’s acceptable parameters.
- Apply analytical techniques to complex information sets to make logical and supported recommendations.
- Exercise good judgement in making decisions or recommendations in relation to case investigations.
- Document findings in manual and/or automated case management system to prepare reports to management as required.
- Handle Sanctions referrals as per the bank’s policy, ensuring no breach of the applicable sanctions policies, standards and guidances. Refer to Compliance Manager where required.
- Develop and maintain appropriate policies and procedures relevant to the function
- Provide effective support and maintain metrics and statistics as per internal procedures and prepare monthly and ad hoc 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.
Operating Environment, Framework and Boundaries, Working Relationships
Effective knowledge of the Bank’s Compliance, Sanctions, AML and KYC / CDD policies and procedures.
Adequate and detailed understanding of various sanction programmes, e.g., OFAC, UN, UK, EU, UAE Target Financial Sanctions etc.
Experience within the financial services industry.
Understanding of relevant business and operations processes that support sanctions screening.
Good understanding of core banking systems and their interaction/use.
Problem Solving
Pro-active approach to problem solving and handling of the complex situations
Analytical thinking, attention to details and educative judgment.
Decision Making Authority & Responsibilities
In liaison with Compliance Manager.
Knowledge, Skills and Experience
3-5 years of banking experience including 2 years of compliance experience.
Risk professional with experience in one or more risk compliance roles, to include Sanctions experience.
Knowledge of Sanctions regulations and industry guidances.
Lateral thinker with an ability to interpret and solve complex issues.
Ability to work efficiently with attention to detail in investigations, analysis and writing.
Excellent communicator with strong inter-personal and problem solving skills.
Ability to adapt to change and provide inputs where necessary.
A team player and able to work collaboratively.
Professional qualification (like ACAMS, CGSS) is desirable
Knowledge, Skills and Experience
3-5 years of banking experience including 2 years of compliance experience.
Risk professional with experience in one or more risk compliance roles, to include Sanctions experience.
Knowledge of Sanctions regulations and industry guidances.
Lateral thinker with an ability to interpret and solve complex issues.
Ability to work efficiently with attention to detail in investigations, analysis and writing.
Excellent communicator with strong inter-personal and problem solving skills.
Ability to adapt to change and provide inputs where necessary.
A team player and able to work collaboratively.
Professional qualification (like ACAMS, CGSS) is desirable
The leading financial institution in MENA While more than half a century old, we proudly think like a challenger, startup, and innovator in banking and finance, powered by a diverse and dynamic team who put customers first. Together, we pioneer key innovations and developments in banking and financial services. Our mandate? To help customers find their way to Rise Every Day, partnering with them through the highs and lows to help them reach their goals and unlock their unique vision of success. Delivering superior service to clients by leading with innovation, treating colleagues with dignity and fairness while pursuing opportunities that grow shareholders value. We actively contribute to the community through responsible banking in our mission to inspire more people to Rise.
