Compliance Officer - Sanctions

• 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 and 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.
• Effective knowledge of the Bank’s Compliance, Sanctions, AML and KYC / CDD policies and procedures.
• Adequate understanding of various sanction programmes, e.g., OFAC, UN, UK, EU, UAE Target Financial Sanctions etc.
• Experience within the financial services industry.
• 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.
• Pro-active approach to problem solving and handling of the complex situations
• Analytical thinking, Attention to details and educative judgment.
• 3 + years banking experience including compliance experience.
• Compliance risk professional with experience in one or more risk compliance roles including relevant Sanctions experience.
• Knowledge of Sanctions regulations and guidances.
• 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.
• Professional qualification (like ACAMS, CGSS) is desirable.

3+ years banking experience including compliance; knowledge of sanctions regulations (OFAC, UN, UK, EU, UAE); understanding of AML/KYC/CDD policies; analytical thinking; professional qualification (ACAMS, CGSS) desirable.

Key Responsibilities

• interpreting sanctions
• investigating alerts
• preparing reports

Job Details

• Category: Legal and Compliance
• Seniority: Mid Level
• Commitment: Full Time
• Workplace: Remote — Egypt
• Languages: English

About Mashreq

A financial institution providing banking and compliance services. — Industry: Finance