Senior Sanctions Analyst
Al Fozan Group
- Abu Dhabi
- Permanent
- Full-time
- To receive and review account opening/know your customer (KYC) escalations related to potential sanctions risks.
- Work with applicable business units including vigilance and control teams to ensure appropriate information sourcing and risk identification.
- Document decisions for reviewed clients, provide advisory for sanctions matches referred by operations and business units and provide approvals for all escalated cases.
- Review escalated alerts against customer and or payment data, investigate for potential sanctions risks, collect documentary proof, build/maintain case files for transactions and customers deemed suspicious.
- Update relevant MIS to ensure accurate tracking and record keeping,
- Identify and mitigate sanctions risks by taking decisions on the applicable sanctions screening system, update internal watch-lists, and ensure required actions are taken in as per the applicable SOP and regulatory requirement.
- Draft and report on approved suspicious transaction reports (STRs)
- Action and submit responses to UAE Central Bank on STRs, PNMR, HRC and other applicable reports.
- Assist with addressing queries from corresponding banks relating to sanctions risks.
- Ensure freezing of funds and blocking of accounts upon the identification of sanctions risks and subsequent approval from the line manager.
- Respond to and raise requests for information (RFIs) from other banks on sanctions risks in order to identify and mitigate risk
- Where required, conduct testing for sanctions systems, assist in identifying potential weaknesses in processes and systems and identify solutions to ensure system effectiveness.
- At least 5 years of experience in banking in compliance, Financial Crime and or Sanctions.
- Bachelor’s Degree in Commerce or Business Administration
- Qualifications from ACAMS, ACSS is required