Job Description
The sanctions Senior 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.
Responsibilities
The 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 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.
- Where necessary, file unusual/suspicious activity reports (UAR/SAR) with Anti -Financial crime Team/MLRO
- Meeting quality & productivity targets daily.
Qualifications
Educational qualifications
Work Experience
2– 5 years of post-qualification experience with strong working knowledge on Sanctions Screening & AML.
Mandatory technical & functional skills
- Operations background demonstrating good core knowledge of applying sanctions screening within a financial institution with 2-5 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.
- Assess in a timely manner key AML/CTF risks, new and emerging risk patterns/typologies and technically support any proposed action in partnership with AML Compliance
- Highly motivated to deliver results to the right standards and targets
- In-depth research and analysis skills of complex and critical data in compliance, Strong working experience in AML behavior Detection Platform.
- 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
- Provide detailed MI to senior management monthly
Key Behavioral Attributes/Requirements
- Ability to work well independently as well as part of a team
- Driven and enthusiastic with a can-do attitude and a strong sense of ownership to get the job done in a pragmatic fashion
#KGS
