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.
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 keepingAll 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.
Escalate to appropriate authorities of any Red Flag on AML, KYC or any other Due Diligence
Effective knowledge of the Bank’s Compliance, Sanctions, AML and KYC.
Adequate understanding of various sanction programmes, e.g., OFAC, UN, UK, EU, UAE Target Financial Sanctions etc.
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.
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