Sanction screening

Job Description

Greetings from Teamware Solutions!! Position: Sanction Screening Analyst Experience : 3-7 years Location: Bangalore (Local candidates can apply) Notice Period: Immediate Joiners Interested candidates can apply to the given Email ID: meimozhi.b@twsol.com Preferred Knowledge Screen individuals and entities against global sanction lists issued by OFAC, EU, UN and other international and government agencies Reviewing of individuals and business entities hit by high-risk scenarios Identify potential sanctions screening matches, review to identify false positives Carry out complex research/investigations to confirm whether the potential matches to global sanctions lists are actual matches according to laid down guidelines Release or escalate potential matches accordingly as stipulated in the working instruction to the originating business unit and relevant compliance department Analyze alerts to identify close match/exact match hits based on name/country/address combination Analyze false positive matches and make recommendations to the maintenance of the exception/internal list in a concise and detailed manner Analyze the rules that govern the automated systems of the watchlist, which identify any potential matches, understanding the business logic rules that create such matches Good knowledge of regulatory practices in AML, OFAC and sanctions and local laws Good analytical and logical reasoning skills Fully document all alerts, including supporting data, analysis as well as escalation or close recommendation rationale within the case management system in a timely manner and consistent with the firm's quality standards Build relationships with AML Investigations units and effectively communicate and transfer information for case investigations Collaborate with India and US colleagues to share processing and AML knowledge to enhance AML Investigation process flows As requested, participate in special projects, quality improvement initiatives and other similar exercises Required Qualifications & Capabilities Experience in compliance or related position Familiarity with the firm's internal systems and processes or similar processes at other institutions Self-starter, capable of working under minimum supervision Exceptional research and analytical skills with the ability to analyze large amounts of data, decipher higher risk attributes (transactional, geographical, product, customer type, etc.) and develop well-reasoned recommendations Proficient in MS Office (Outlook/Word/Excel/PowerPoint) Strong documentation skills to clearly articulate alert disposition Adherence to controls and standard