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.