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.
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