Job Title
Sanctions & Countries Risk Rating Senior Officer/officer
Department : Sanctions & AML
Division : Compliance
Job summary
Responsible for maintaining an effective Sanctions Program across all business lines through assurance of
compliance with banks Internal Sanction Policy and developing the Countries Risk Assessment.
Duties & Responsibilities:
1. Update the Banks internal sanctions policy and ensure its compliance with the regulatory bodies of OFAC, EU, UN, UK and our local regulator (CBE).
2. Check official sources to update countries risk assessments on a regular basis.
3. Responsible for handling correspondent inquiries, BSA cases and refunded amount due to sanctions issues.
4. Providing sanctions recommendations for cases received from branches and departments.
5. Review various sources of important sanctions news and publish it to the relevant departments.
6. Apply enhanced due diligence on new/existing high-risk clients.
7- Preparing training materials annually, as well as coordinating to provide sanctions training to all relevant departments and branches to ensure a good understanding of sanctions and the concept of enhanced due diligence.
8. Identify the Banks risks and key compliance obligations related to sanctions and recommend corrective actions.
9. Escalate and handle any confirmed case with the embargoed/sanctioned country or any blacklisted party.
10. Dealing with the sanctions questionnaire received from correspondent banks.
11- Reviewing newly developed or updated procedures to ensure that the banks business is conducted in accordance with local laws, internal rules and regulations, as well as international standards.
Job Specifications:
Education:
Bachelor degree in Commerce or Business Administration.
Experience:
2-4 years in the field of sanctions with awareness of SWIFT messages and Trade Finance.
Skills:
Research Skills
Consulting and Communication Skills
Analytical Skills
High sense of judgments
Fluency in English
Working Conditions:
Based in the Head Office
