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 :

Skills Required

Communication Skills, Attention To Detail, Problem-solving, Adaptability