Sanctions Specialist

Job Purpose :

• Perform day- to- day activities and tasks of managing the sanctions program, trade finance due diligence, List Management and Correspondent Banking relationship.
  
  Senior Officer is responsible for performing Due diligence on trade finance activities ,screening counter parties, communicating DD result to sanction manager , handling payment and name screening match, also responsible on responding to RFI from correspondent banks.

• Assist in reviewing and updating the bank-wide Sanctions program incl. (policies, procedures, and guidelines) and ensure compliant and uptodate includes (Sanctions policy, List Management procedures , Group sanctions procedures, and FI KYC onboarding and ODD procedures)
• Assist on screening the International Payments and Trade Finance Referrals to minimize Sanctions Risk in the transaction. Handling Trade Finance transactional referrals and perform the due diligence , screening and adverse media check related to Financial crime and Sanctions.
• Assist in handling Trade Finance transactional referrals by conducting proper checks and investigations and proposing EDD summary highlighting the TBML and Sanctions related concerns to the Sanctions Manager for decision making as per process.
• Investigate all identified suspicious or unusual transaction and account activities, prepare and submit high quality of Suspicious Transaction Investigation Reports to MLRO for decision making and ensure timely execution for STR recommendations.
• Ensure Sanctions Onboarding Screening Alerts (CRM channel, Digital Channels, etc) are reviewed, investigated and properly adjudicated & cleared/reported by SAT Analyst Team members within TAT with appropriate rationales and supporting documents as per AML regulations and Sanctions Compliance Procedures (SCP) in place.
• Ensure Sanctions Real Time payments on (Safewatch) are reviewed, investigated and properly adjudicated & cleared/reported by SAT Analyst Team members within TAT with appropriate rationales and supporting documents as per AML regulations and Sanctions Compliance Procedures (SCP) in place.
• Assist in handling/completing KYC/CDD questionnaires and queries received from FIG and Correspondent bank.
• Assist in initiating KYC review proposals for Vostro and Nostro account relationship with NBO, assist on identifying the risk and guiding FIG on inputting Custome Risk Assessment Model.
• Monitor Trade Economic and Financial Sanctions through (OFAC, EU, UN, HMT, and AEDTO) to meet regulatory and legislative requirements.
• Assisting business and providing advice and consultation on opening of High Risk Accounts and Sanctions referrals.
• Communicate regulatory changes to business and assist in implementing relevant policy and framework to manage changes. Attend NCTC & CBO circular on SDN searching of designated sanctions by provide confirmation to regulatory.
• Consolidate potential Sanctions breaches from all business lines, review reporting made and elevate to senior management accordingly.
• Identification of Sanction deficiencies/Gap along with corrective action plan.
  
  Validation and ongoing assessment to Sanctions Screening Systems/Tools including Name Match fine tuning and calibration.
• Ongoing functional and technical Validation for the Blacklists/SDL filters (List Management Procedures) for effective real time sanctions screenings, robust SDN and PEP Name Screening across onboarding and sales channels in line with international and local regulations.
• Supervision, handling and maintenance of Watch List Payment filtering application on OMNI and SAFEWATCH, adding modifying and deleting record as per AML and Santions team recommendations
• Participate in Designing, Maintaining and Generating regular MIS i.e. Daily, Weekly/monthly on AML TM Alerts, SDN Batch Alerts, Cases (RFIs), STRs, Corr. Banks and on Sanctions related queries.
• Build strong relationship with respective business stakeholders by holding frequent meetings with them to take their views/feedback and resolve their challenges and to ensure handling KYC proposals on time and within defined SLAs.
• Ensures all official records and documentation are named in G
  -Drive and retained safely and efficiently for any audit trail or consultanat assistant.
• Perform other multi functions as necessary as assigned, and any task assigned by line manager or head of AML,KYC and sanctions.

• Bachelor’s degree/ Management Business Administration or any other related field from Finance.
• Working…