Officer, Compliance - Sanctions.Egypt-Compliance.Compliance Group

Job Description

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

Daily processing of SAS AML alerts

Undertaking AML transaction Monitoring reviews and investigations pertaining to the bank’s customers

To review and monitor accounts as required by the Bank’s KYC / AML policy and Compliance SOP.

Responsibilities

• 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
• 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.
• Conduct AML review of customer accounts based on AML Alerts and Analytical reports generated by the unit.
• Responsible for conducting money laundering related investigations by analyzing customer transactions/ trend, drawing conclusion, and drafting Suspicious Activity Report for submission to relevant regulatory authorities.
  
  

Qualifications

0-3 + years banking experience

Effective knowledge of the Bank’s Compliance, Sanctions, AML and KYC / CDD policies and procedures.

Adequate understanding of various sanction programs, 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.

About Us

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.