DescriptionThe Sanctions Analyst is responsible for reviewing sanctions alerts against client policy and procedure and taking the appropriate next steps dependent on the outcome of the sanctions check.
ResponsibilitiesThe responsibilities include:
•Requires ability to work to high standards of quality in performing Sanction Screening reviews in line with regulatory requirements
•Understand client policy and procedures and how to apply
•Proactive review and follow-up on referrals and queries
•Ability to determine needs for escalation to Subject Matter Coach (SMC)/Subject Matter Expert (SME) or to client
•Manage caseload throughout end-to-end process in a timely manner
•Monitor actual performance to plan and make decisions to ensure business objectives are maintained
•Assist in the tuning and implementation of monitoring rules to prevent and detect money laundering, fraud or the financial crime responding to emerging trends.
•Source data from multiple sources/systems and accurately transfer to primary system
•PEPs & Sanctions list screening & detection using global tools
•Screen individuals and entities against global sanction list issued by OFAC,EU, UN and other international and govt agencies
•Reviewing of individuals and business entities hit by high-risk scenarios
•Identify false hits, partial hits and true hits and discounting factors usage.
•Analytical and deductive reasoning skills.
•File Suspicious Activity Report (SAR) when required.
•Meeting quality & productivity targets daily.
QualificationsEducational qualifications
•Bachelors Degree
Work experience
•1– 2 years of post-qualification experience with strong working knowledge on Sanction Screening and AML.
Mandatory technical & functional skills
•Operations background demonstrating good core knowledge of applying sanctions screening within a financial institution with 1-2 years of relevant experience.
•Hands on experience in Crypto due diligence will be an added advantage.
•Good technical knowledge of Anti-Money Laundering (AML) and Sanctions Screening.
•Highly motivated to deliver results to the right standards and targets
•Demonstrate excellent analytical skills and problem solving, self motivation and possess an enquiring mind
•Demonstrate good team working skills and the ability to work efficiently and accurately under pressure
•Ability to adapt to change
•Solid understanding of and ability to quickly gain such, of applicable laws, regulations, and guidance in the subject area the desire to keep up with changes in a complex environment
•Strong Understanding of Financial Crime Compliance (AML /CTF/ABC/Sanctions) obligations with demonstrated experience at a senior level
•A thorough knowledge of institutional banking products and services and the associated financial crime risks
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