Lead Compliance.Egypt-Compliance.Compliance Group
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AI Summary
The role involves interpreting domestic and international sanctions to conduct investigations of high-risk alerts and ensure adherence to Group Sanctions Policy. The lead will also coordinate with business units to resolve alerts and prepare management reports on risk themes.
- 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 but not limited to 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 the business units in relation to resolution of alerts and client information.
- Handle Sanctions referrals as per the Bank’s policy, ensuring no breach of the applicable sanctions policies, standards and guidance.
- Provide effective support and maintain metrics as per internal procedures; prepare monthly and adhoc management reports.
Identify and escalate areas requiring attention or strengthening and recommend changes and improvements in line with industry standards and applicable regulations.
- Record keeping
- All records of the unit must be kept in a confidential and secure state
- Adhere to record retention policy and the SOP guidelines
- Maintain effective working relationships with Business, Operations and other Compliance functions.
- Assist in Compliance projects as and when required including effective deployment of system and procedural changes as required.
- 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 etc.
- 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.
- 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.
- 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.
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