Compliance Manager - Sanctions.Compliance- UAE Nationals
Mashreq
Full-time
On-site
United Arab Emirates
- Interpret domestic and international sanctions (UAE, US, UK, EU UN etc.) and maintain sufficient awareness/knowledge of sanctions that impact the bank and/or its branches or subsidiaries.
- Updates Bank’s Sanctions Policy/ matrix with evolving sanctions regulations and risks.
- Ensures full adherence to Group Sanctions Policy, including but not limited to related Sanctions Guidance and operating procedures.
- Supports Head of Sanctions and senior management in meeting their regulatory obligations by providing an active support in the implementation of Sanctions policies in compliance with regulations and Group’s Sanctions Policies, procedures and standards.
- Act as the primary interface to the Business by supporting and advising on a range of Sanctions compliance matters
- Responsible for defining and maintaining the sanctions screening framework (including development of internal standards) and ensuring that screening infrastructure and functionalities are optimally maintained to produce effective and efficient results while maintaining the integrity of the system against the sanctions policy as well as sanctions regulations.
- Graduate with 7 + years of banking experience, with at least 4 years of relevant experience in AML / Sanctions Compliance.
- Excellent and up-to-date knowledge and sufficient understanding of International / OFAC/ EU/ UN/ UAE Sanctions.
- Market knowledge of IT tools/ software used for customer screening and payments filtering
- Good knowledge and understanding of local AML/CFT rules and legislation, and international best-practices/requirements.
- ACAMS Certified/other recognized certification (desirable)
- Organizational awareness including working knowledge of risks, products, processes, controls, list management and systems.
- Computer literate with good knowledge of MS Excel and Business Object (BO) reports.
- Good command over spoken and written English.
- Good presentation skills.
- Efficient and logical approach to problem solving.