Compliance Associate - Sanction Screening

Job Description:

• A successful Sanction Screening Associate ensures that their organization remains compliant with all sanction requirements, helps mitigate legal and financial risks, and contributes to a secure and trustworthy financial environment.

How you will create impact:

• Sanctions Screening Program Management: Oversee day-to-day operations related to the Sanctions Screening program, including collaboration with compliance officers to meet company goals.
• Investigation and Analysis:Conduct investigations and analysis to make compliance decisions, including identifying red flags for escalation based on a risk-based approach.
• Screening and Escalation:Screen customers against sanctions lists, perform PEP (Politically Exposed Persons) and adverse media screening, and escalate confirmed or suspicious findings.
• Use of Compliance Tools:Conduct manual screening using tools like LexisNexis and adhere to payment compliance obligations.
• Alert Review and Reporting:Review alerts related to illegal activity, global watch lists, and trade sanctions, ensuring alignment with the selected sanction list.
• Regulatory Adherence:Follow global regulatory guidelines, including KYC, KYB, CFT, and PMLA (Prevention of Money Laundering Act) 2002.
• Due Diligence and Risk Assessment:Perform initial and ongoing due diligence and risk assessments of accounts and partners, following a risk-based approach.
• Collaboration with Regional Teams:Liaise with partner compliance teams and Regional Compliance Officers, addressing vulnerabilities and escalating risks.