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. Skills: Communication Skills, Adaptability, Attention To Detail, Problem-solving Experience: 2.00-6.00 Years