About this role
Job purpose Review and action all transactions on all the listed names/entities and countries against sanction hits in accordance with compliance with the agreed turnaround time and operating procedures. Key Result Area
• Review and approve Transactions with 100 % accuracy within the established delivery standards with the agreed operating procedures. • Escalate to compliance team if there is any sanction hit against any individual/entity or country for approval • Ensure all Transactions are processed before EOD which have landed before daily cut off. • Seek updates from compliance team with regards to the sanction screening. • Identify process gaps and recommend system improvements and enhance efficiency to minimize risk and improve delivery standers.
Operating Environment, Framework and Boundaries, Working Relationship
• Transaction screening and processing of Names/Entity and Country for all branches. • Close co-ordination with Compliance for timely decisions. • Processing of all the transactions as per respective turnaround times. • Authorization of all transactions from a compliance review/release point of view. Strict compliance with bank’s policy and procedures.
Problem Solving and Decision-Making Authority & Responsibility
• Recommend improvements to operating procedures and applications.
• Recommend both classroom and online compliance training.
• Stay up-to-date with all compliance changes and recommendations.
• Resolve all queries / deficiencies pertaining to the relevant processes, documents, based on the process guidelines
• Ensure authorization of all transaction types after reviewing the authenticated information with proper screening completion across queues. Knowledge Skill and Experience
• Good Communication skills. (Both verbal and written) • Strong interpersonal skills. • 4-6 years’ experience in compliance unit of any bank. • Basic computer operating skills. (MS Excel and PowerPoint) • Good knowledge of general banking rules and regulations.