Mashreq

Sanctions Manager (BB-1AC74)

Found in: Neuvoo Premium AE

Description:

Key ResultAreas


Manageblacklist screening systems for the bank (multi-jurisdiction);ensure that the lists applicable to each jurisdiction are keptup-to-date at all times and are applied in accordance with theregulatory requirements.Maintain ongoing awareness/knowledge of allapplicable internal/external sanctions requirements andexisting/emerging legal/statutory environment - identifying anyissues that could impact bank.Provide Head of AML &Sanctions with assurance that all controls required under sanctionsregulations are embedded within the processes of the bank to avoidany sanctions breach and/or establishing relationship with ablacklisted party.Manage vendor relationships for compliancerelated systems in terms of quality of service, responsiveness,cost etc. Manage Budget and resources to prioritize systemenhancement/ up-grades.Manage lists of sanctioned and blacklistedparties in bank's payments filter and customer screeningsystem.Provide Sanctions advice and guidance to the other ECF staffmembers/ business & operations.Promptly escalate anycritical issues to ensure that the Bank is not investigated,charged, fined or publicly castigated by any of the regulatoryauthorities and/or international bodies for breach ofsanctions.Undertake periodic review or self-assessment of keycontrols to assess the quality and effectiveness. ConductCompliance Monitoring periodically to ensure there is no lapse ofSanctions requirements/policies. Report findings and submitrecommendations for corrective action, if required.ManageRegulatory inspections of the Sanctions area. Act as a focal pointto the examiners and facilitate trouble-free examination. Ensureimplementation/regularization of recommendations, if any, withinthe agreed deadline(s). Keep HO Compliance updated with theprogress.Conduct special investigations and/or respond to theEnhanced Due Diligence queries raised by law enforcement agenciesand other overseas branches/correspondent banks. Provide feedback(accurate information) within the agreed timelines.Evaluate, trainand motivate business/operations staff to enhance their skills andknowledge of evolving Sanctions regulations. Establish and maintaintraining programs for the unit and for business/ operations in linewith latest OFAC/Sanctions regulations.Manage the availableresources efficiently by creating a well-built and dynamicteam.
Knowledge, Skills andExperience

Graduate with 7-10years of total banking experience, with at least 3 years ofexperience in Sanctions Compliance area.
Excellent andup-to-date knowledge and understanding of theInternational/OFAC/EU/UN Sanctions.
An understanding ofhow transactions settle globally.
Market knowledge ofIT tools/ software used for customer screening and paymentsfiltering
Good knowledge and understanding of localAML/CFT rules and legislation, and internationalbest-practices/requirements.
ACAMS Certified/otherrecognized certification
Organisational awarenessincluding working knowledge or risks, products, processes andcontrols
Computer literate with good knowledge of MSExcel and Business Object (BO) reports.
Good commandover spoken and written English.
Good presentationskills.
Efficient and logical approach to problemsolving

calendar_today2 days ago

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location_onDubai, United Arab Emirates

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