Key Accountabilities of the role
Provide compliance approval for Payment Screening alerts (wire transfers/ trade transactions) escalated to L3.
Review and take necessary action on Name Screening alerts escalated to L3.
Provide advise/ guidance to all lines of business and COC teams on Sanctions regulations internal Sanctions policies.
Review the response to RFIs received from various correspondent banks for possible Sanctions violations
Provide SME guidance on for new and existing Sanctions related projects such as new products and IT systems
Provide SME guidance on reputational and Sanctions risk arising from customers and transactions
Provide SME input for updating existing Policies, Procedures, Guidance documents, training material in line with the regulatory requirements
Provide SME guidance on managing the exit of customers arising due to Sanctions risk
Perform adhoc investigations and analysis in support of Sanctions investigations, regulatory inquiries as and when required. Thoroughly document and maintain related investigation files.
Ensure escalation of significant Sanctions related matters to the Head Sanctions or Head of FCC
Provide SME guidance on the production and delivery of Sanctions related training material (eLearning and Face to Face)
Participate and support in the delivery of face to face training on Sanctions
Remain current on TFS and AML / CFT regulations
Specialist Skills / Technical Knowledge Required for this role:
Exemplary knowledge on UN, EU, UK and US Economic Sanctions (OFAC) / Export Controls, laws
Exemplary knowledge and experience of providing Subject Matter input for Sanction policies, systems and trainings.
Ability to provide and deliver sanction training
Strong knowledge and experience of having provided Sanction advice to all types of business and operations covering all types of customers
Good analytical/review/assessment skills of sanctions compliance procedures and sanction screening systems
Ability to build constructive and effective relationships with peers and seniors
Strong analytical, written and oral communication skills
Relationship building
Sound judgment
Strong interpersonal skills
Ability to multi-task
Independence of thought and initiative
Ability to be a self-starter and work independently as well as part of a team
Ability to interact with all functions and levels including senior management
Ability to prioritize workload and meet deadlines
Analytical mind, good communication and self-motivated, detail oriented
Fluent in English (Ability to read and communicate in Arabic Language will be an added advantage)
Previous experience:
Min 5 years of experience in banking or financial services sector of which a minimum of 3 years must be in Sanctions role of financial institution.
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