Description
- The Sanctions Screening Analyst acts as a First Line of Defense in safeguarding the bank against any potential violations of sanctions
- The Sanctions Screening Analyst is responsible for making decisions promptly and precisely
- The Sanctions Screening Analyst determines whether alerts generated by the bank's sanctions screening systems raises sanctions concerns
General / Compliance Culture
- Facilitate compliance of the entity with applicable banking and securities laws, regulations, and internal guidelines regarding AML/CFT and Sanctions
- Cultivate and maintain a strong understanding of the bank's risk tolerance and appetite regarding sanctions-related challenges
- Assume responsibility for personal duties and uphold a high level of accountability for all actions and choices
- Ensure awareness and full compliance regulations, policies, guidelines, procedures and practices
- Ability to prioritize and take ownership
Compliance Advisory Service
- Analyze potential matches against sanctions lists alerted through sanctions screening of customers and transactions on a timely manner
- Exercising good judgement in making decisions or recommendations in relation to the alerts generated
- Follow operational procedures on sanctions alert handling, including document the decision rationale
- Assesses whether alerts raised by sanctions screening systems raise any sanctions concerns
- Escalate potential true-hit alerts to the next level for further review
- Conducts alert investigation in accordance with the bank's global standard policies,
- procedures and tools, aimed at meeting internal and external regulatory requirements
Any other tasks assigned by Team Head of Due Diligence Team.
Formal education:
University degree / diploma / tertiary education
Skills and Qualifications
- 2- 4 years experience in sanctions compliance, anti-money laundering (AML)/Financial Crime Operations, with a thorough understanding of global sanctions regulations
- General awareness of money laundering, terrorism financing, and sanctions trends and regulatory developments
- The ability to clearly articulate in writing, the rationale and document the evidence supporting the decision-making process regarding whether the alert match is positive or false
- Willing to work on shift hours and public holidays (The exact shift hours will be communicated accordingly)
Further qualification/skills:
- Knowledge of US Treasury/OFAC Regulations, UK HMT sanctions regulations, EU/UN Sanctions and Anti-Money Laundering Directives
- ACAMS/CGSS Certification preferred
