Responsibilities
- Conducting payment (including on trade and other related activities) and customer name screening in compliance with international sanctions regimes and internal risk control requirements;
- Carrying out sanctions-related due diligence on customers and transactions where potential sanctions-related risk exposures are identified, and seeking clarification through Requests for Further Information (RFIs) where necessary
- Following up with enquiries and RFIs from correspondent banks in cases of payment rejection, and carrying out sanctions look-back investigations where necessary.
- Assisting in the preparation of MIS reports for senior management and collaborating with relevant internal stakeholders to oversee and execute the Bank's sanctions compliance policy directives
- Coordinating and participating in various sanctions compliance-related projects and initiatives, such as in the application of Artificial Intelligence and Machine Learning to daily screening processes.
Requirements:
- Bachelor's degree or higher in relevant disciplines, preferably in International Relations, Law or other relevant Social Sciences subject;
- 3 years of experience in sanctions/ AML compliance or banking operations within financial institutions; Candidates with familiarity with industry best practices in sanctions compliance, including screening methodologies, alert adjudication processes, and regulatory reporting requirements are preferred.
- Candidates with the ability to work independently, and who are able to accomplish assigned tasks within tight deadlines are highly valued; Those demonstrating a willingness to learn and who exhibit an open-minded approach, as well as those possessing excellent communication and interpersonal skills are preferred.
- Candidates with a basic knowledge of international sanctions policies, regulatory requirements, banking operations, remittance, or trade financing will be viewed favorably; Additionally, candidates holding certifications such as Certified Anti-Money Laundering Specialist or Certified Global Sanctions Specialist, ICA, AAMLP or CAMLP professional qualification are preferred;
- Candidates with less experience may be considered for the role of Deputy/Assistant Sanctions Compliance Manager. The Bank offers meal allowance. Subsidies and training will be provided to help candidates attain relevant sanctions compliance professional qualifications. Additionally, candidates willing to work night shifts (15:00-00:00) may be given additional consideration. The Bank also offers supplementary welfare and benefits;