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SANCTIONS SCREENING OFFICER- BUNA

3.00 to 0.00 Years   Abu Dhabi, United Arab Emirates   30 Nov, 2020
Arab Monetary Fund
1 Jobs Openings
Job LocationAbu Dhabi, United Arab Emirates
EducationBachelor's degree / higher diploma
SalaryNot Mentioned
IndustryFinancial Services
Functional AreaNot Mentioned

Job Description

IntroductionAs the implementation phase of Buna, formerly known as the Arab Regional Payment System (ARPS), project picks up momentum, we are looking for a responsible?Sanctions Screening Officer?to join our founding team. Duties of the Sanctions Screening Officer include ensuring that activity within the Buna is compliant with pertinent sanctions lists. The job holder is also responsible for investigating sanctions hits and creating and delivering Sanctions Screening Reports to Buna?s management. This position will report to the?Senior Transaction Monitoring Officer.In this context, the following sections detail the main qualifications, skills and responsibilities related to this position:Job ResponsibilitiesData Analysis and Interpretation

  • Review and analyse transactional data for potential sanctions activity, including those generated from an alert detection processes, subpoenas and warrants, country/corridor reviews, foreign and domestic agent matters, consumer network cases, negative media reports, as well as other sources as applicable
  • Work effectively with multiple complex data sources and/or technical analytical tools/resources to identify potentially sanctions hits as defined by AML/CTF/BSA regulations, and industry best practices for AML/CTF/BSA analysis
SANCTIONS SCREENING Activity Reports Development
  • Investigate Sanctions events and reduce potential exposure by being compliant with applicable policies and procedures
  • Review reports and other investigative leads to identify sanctions hits
  • Formulate and recommend responses to potentially suspicious findings, and report such activity to Buna management and to appropriate regulatory authorities as needed
  • Adapt to regulatory changes or emerging industry best practices

Keyskills :
SANCTIONS SCREENING OFFICER

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