Assistant Compliance Manager - Sanctions Unit

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 senior Compliance Manager in identifying Sanctions risk themes and trends and improve sanctions risk management capability. Provide subject matter expertise to mitigate risks associated with Sanctioned entities and transactions. Provide training to Compliance staff on Sanctions regulations and screening systems. 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. Assist Compliance Manager in their responsibility for complying with all relevant Laws, Rules, Regulations and Group policies related to Sanctions. Provide guidance, support and training to Compliance Operations alert review team and business colleagues on implementation of sanctions policies and procedures. 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 and 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 programs, 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 use. Pro-active approach to problem solving and handling of the complex situations. Analytical thinking, Attention to details and educative judgment. 4+ years banking experience including 2 years compliance experience. Compliance risk professional with experience in one or more risk compliance roles including relevant Sanctions experience. Knowledge of Sanctions regulations and guidance. Lateral thinker with an ability to interpret and solve complex issues. Excellent communicator with strong inter-personal and influencing skills. Proficiency in Microsoft Office and data analysis tools. Professional qualification (like ACAMS, CGSS) is desirable.

Graduate with 5-7 years banking/AML/Sanctions Systems experience. Good knowledge and understanding of local AML/CFT legislation and international best-practices in Compliance Knowledge and Understanding International / UN Sanctions. Systems expert with advanced knowledge of MS Excel and Business Object (BO) reports and Banking Systems. Computer literate and good command over spoken and written English. Good presentation skills. Efficient and logical approach to problem solving.

Interpret domestic and international sanctions (UAE, US, UK, EU, UN etc.) and maintain awareness of sanctions affecting the bank. Conduct investigation of complex and high-risk sanctions alerts per regulatory requirements and internal policies. Ensure adherence to Group Sanctions Policy and related guidance. Support senior Compliance Manager in identifying sanctions risk themes and trends; improve risk management capability. Provide subject matter expertise to mitigate risks associated with sanctioned entities and transactions. Provide training to Compliance staff on sanctions regulations and screening systems. Review and disposition sanctions screening alerts through investigation and adherence to policies. Highlight concerns and trends to Compliance Manager; coordinate with business units on resolution of alerts and client information. Handle sanctions referrals per policy. Assist Compliance Manager in complying with laws, rules, regulations and Group policies related to sanctions. Provide guidance, support and training to Compliance Operations alert review team and business colleagues. Provide effective support and maintain metrics; prepare monthly and ad-hoc management reports. Identify and escalate areas requiring attention or strengthening and recommend changes. Maintain records confidentially and in accordance with retention policies. Maintain relationships with Business, Operations and other Compliance functions. Assist in Compliance projects including deployment of system and procedural changes. Demonstrate knowledge of Bank’s Compliance, Sanctions, AML and KYC/CDD policies. Understand various sanction programs (OFAC, UN, UK, EU, UAE Target Financial Sanctions). Possess 4+ years banking experience including 2 years compliance experience. Seek professional sanctions experience and knowledge of sanctions regulations and guidance. Demonstrate problem-solving, analytical thinking, attention to detail, and educative judgment. Proficiency in Microsoft Office and data analysis tools. Professional qualification (ACAMS, CGSS) desirable.