Compliance Officer – Sanctions

• Interpret domestic and international sanctions (UAE, US, UK, EU, UN etc.) and maintain sufficient awareness and knowledge of Sanctions that impact the bank and/or its branches or subsidiaries
• Conduct investigation of complex and high-risk Sanctions alerts as per the regulatory requirements and in accordance with internal Compliance policies and procedures
• Ensure full adherence to Group Sanctions Policy, including related Sanctions Guidance and operating procedures
• Support Compliance Manager in identifying Sanctions risk themes and trends and improve sanctions risk management capability
• Review and disposition of Sanctions screening alerts through effective investigation and adherence to policies, standards and procedures
• Highlight concerns, trends and patterns to Compliance Manager
• Coordinate with business units in relation to resolution of alerts and client information
• Handle Sanctions referrals as per the Bank’s policy, ensuring no breach of applicable sanctions policies, standards and guidance
• Provide effective support and maintain metrics as per internal procedures; prepare monthly and ad hoc management reports
• Identify and escalate areas requiring attention or strengthening and recommend changes and improvements in line with industry standards and applicable regulations
• Maintain confidential and secure records in accordance with record retention policy and SOP guidelines
• Maintain effective working relationships with Business, Operations and other Compliance functions
• Assist in Compliance projects, including deployment of system and procedural changes

• 3+ years banking experience including compliance experience
• Compliance risk professional with experience in one or more risk compliance roles including relevant Sanctions experience
• Knowledge of Sanctions regulations and guidances
• Effective knowledge of the Bank’s Compliance, Sanctions, AML and KYC / CDD policies and procedures
• Adequate understanding of various sanction programmes, e.g., OFAC, UN, UK, EU, UAE Target Financial Sanctions
• Experience within the financial services industry
• Clear understanding of relevant business and operations processes that support sanctions screening
• Good understanding of core banking and Sanctions screening systems and their interaction / use
• Lateral thinker with an ability to interpret and solve complex issues
• Excellent communicator with strong inter-personal and influencing skills
• Ability to adapt to change and provide inputs where necessary
• Effective team player with ability to work collaboratively
• Professional qualification (like ACAMS, CGSS) is desirable