sanction screening & AML

Roles and Responsibilities:

• Sanction Screening

  : Perform real-time screening of transactions, clients, and third parties against government sanctions lists, such as OFAC, UN, EU, and other regulatory bodies.

• AML Transaction Monitoring

  : Monitor customer transactions for suspicious activity and identify potential money laundering activities through system alerts and manual reviews.

• Risk Assessment

  : Conduct thorough risk assessments of clients or transactions to assess the potential for involvement in money laundering, terrorist financing, or other illicit activities.

• Case Management

  : Investigate and document suspicious activity and escalate cases when necessary. Prepare Suspicious Activity Reports (SARs) for submission to regulatory authorities.

• KYC (Know Your Customer)

  : Review and verify customer information and documentation to ensure compliance with KYC regulations.

• Compliance Reporting

  : Prepare and submit detailed reports on suspicious activity, sanctions hits, and AML investigations to senior compliance officers and relevant stakeholders.

• Policy Adherence

  : Ensure all screening, monitoring, and reporting activities adhere to the company's AML policies, regulatory requirements, and international sanctions.

• Regulatory Knowledge

  : Stay up to date with global AML regulations, sanctions lists, and changes in compliance laws to ensure the organization is compliant.

• Auditing & Data Analysis

  : Perform regular audits on transactions, customers, and data inputs to ensure accuracy and completeness.

• Collaboration

  : Work with other departments, such as legal, risk, and compliance teams, to ensure robust procedures are followed and to manage any escalations.

• Training & Awareness

  : Assist in educating other teams on the importance of compliance and the identification of potential financial crime risks.

• Investigations

  : Conduct investigations into flagged or suspicious activities, ensuring that all findings are thoroughly documented and appropriate actions are taken.

Skills and Qualifications:

• Knowledge of AML Regulations

  : Familiarity with global AML and sanction regulations, including FATF, FinCEN, OFAC, and EU guidelines.

• Attention to Detail

  : Ability to detect anomalies in data and transactions and follow up with appropriate actions.

• Analytical Skills

  : Strong ability to analyze transaction data, customer profiles, and sanctions lists to detect suspicious activity.

• Communication Skills

  : Strong written and verbal communication skills to prepare reports, present findings, and collaborate with other teams.

• Risk Awareness

  : Understanding of financial crime risks, including money laundering, fraud, and terrorist financing.

• Technical Proficiency

  : Experience working with AML transaction monitoring systems, sanctions screening software, and databases.

• Problem-Solving

  : Ability to investigate complex cases, identify patterns, and resolve issues efficiently.

• Regulatory Reporting

  : Experience in preparing regulatory reports, such as SARs, CTRs, and other compliance documentation.

• Adaptability

  : Ability to quickly adapt to changes in regulations, company policies, or technological tools.

• Team Player

  : Ability to work independently and as part of a team to ensure timely and effective completion of tasks.