Compliance Associate

Job Description:

Responsibilities

• Analysing and investigating alerts generated against Sanction Screening lists and related watchlists originated from SWIFT messages according to global sanctions screening policy and guidelines.
• Conduct alert investigation using global standard policies, procedures and tools aimed at meeting internal and external regulatory requirements. As a result of the investigation, report unusual client activities that might be related to sanctions, money laundering or terrorist financing.
• Conducting searches, gathering data and recording evidence from internal systems, the internet, commercial databases and inquiry with business or Compliance contacts within the organization.
• Ensure that all alert analysis and investigations are performed within timeframe provided in the policy and stipulated in the SLA’s with the different stakeholders.
• Monitoring adherence to the Sanctions Policy and relevant procedures; staying current on key Sanctions regulatory changes, key enforcement actions and related industry trends.
• Interacting with relevant teams to raise awareness of Sanctions trends, emerging issues, remedial actions or enhancements to the program.
• Making recommendations to the design and maintenance of a comprehensive written Operations Sanctions Framework (procedures and policies).
• Identify opportunities for the reduction of false positives via whitelisting
• Manage the mailbox and respond to any urgent requests.
• Additional duties as assigned.

Qualification & Experience

• 2 – 4 years of banking experience, preferably in AML, OFAC, Sanctions Screening or related field.
• 2 years minimum experience in reviewing SWIFT Sanctions Screening workflows and alerts.
• Strong Knowledge of AML, Counter terrorist financing, Sanctions, Embargoes, Global Watchlists and related typologies