Company: Abu Dhabi Islamic Bank – Egypt
Location: Cairo, Egypt
Employment Type: Full-time
Description:
Generic Responsibilities
• Coordinate between team members in fulfilment of Sanction screening set plan.
• Assist the Head in ensuring the dissemination of policy & procedures and efficient & effective performance of responsibilities.
• Monitor a small group of employees with lower or same seniority.
• Ensure that officers & junior officers/ apprentice receive periodic training.
• Evaluate staff work and provide feedback through performance evaluation.
• Quarter sample review for RCSA compliance & report for incidents properly.
• Participate in providing periodical analytical reports/ presentation.
Key Responsibilities
• Reviewing the incoming and outgoing Swift messages related to remittance and trade against the different sanctions lists such as: OFAC list, SDN list, UN list, MK Denial list, CBE blacklist, etc. and take the necessary actions with the competent units for execution.
• Reviewing the nature of the transaction as well as its structure in order to make sure that it’s in… line with the market practice.
• Making sure that the transaction is in line with the customer business nature.
• Investigating / assessing the financial risk imposed on the Bank as a result of remittance and trade transactions.
• Assessing the high risk activities such as: AWB transactions, third party transactions, foreign LGs.
• Reviewing any boycotting clause found in the transaction in order to decide whether its accepted or not.
• Reviewing the pricing of the products involved in the transaction to make sure that it’s within the market price in order to avoid any money laundry cases.
• Reviewing any red flags found in the transaction.
• Reviewing the structure of any remittance or trade instrument where a high risk product is involved such as: iron, steel, chemicals, fertilizers, gold, etc. in respect of AML regulations
• Preparing sanction reports required by internal customers (compliance, ICU, Operation risk) or external customers (CBE, Auditors).
• Responsible for the transaction sanction screening end to end where he/she will be either approving the release of the transaction, declining it or escalation it the compliance.
• Assessing any hits for remittance and trade against the CBE blacklists.
Review the black list for the involved parties or countries to ensure that they are outside the list and reduce the overall level of risk.
Supervise the preparation of monthly exhibit for all the AML hits.
Supervise the preparation of CBE reports.
• Authorize any hits in different types of documentary collection transactions such as: initiations, payment, and correspondences.
• Supervise any AML hits in all trade and remittance instruments.
• Supervise responses to any daily inquiries and requests received from any units.
• Manage the processing of all items in order to achieve quality standards of service and accuracy.
• Ensure that all the related processes are executed in accordance with SLAs and quality standards.
• Participate in managing the implementation of new methods, recommendations and procedures as well as any upgrade in the sanction screening system standard in order to make the daily operations more efficient and update unit policy.
• Oversee handling the related UAT testing and review the results to ensure correct implementation.
• Ensure proper handling & resolving complaints in cooperation with Consumer Rights Protection – Compliance and Governance – in accordance with the policies and procedures and identified SLA.
And any other assigned Tasks
Minimum Qualifications
Bachelor degree
Master degree is preferable
Minimum Experience:
TL :Min 6 years of relevant experience preferably banking
Manager: 8+ years of relevant experience preferably banking
Job-Specific Knowledge & Skills:
• Previous experience in Trade Sanctions operations is Mandatory
• Strong knowledge of Bank functions, responsibilities & processes
• Excellent analytical skills
• High level of decision making & leadership skills
• Excellent problem solving skills
• Excellent presentation and negotiation skills
• Excellent command of MS Office (Word, Excel, Power Point
Source: LinkedIn
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