Introduction
As the implementation phase of Buna, formerly known as the Arab Regional Payment System (ARPS), project picks up momentum, we are looking for a responsible Sanctions Screening Officer to join our founding team. Duties of the Sanctions Screening Officer include ensuring that activity within the Buna is compliant with pertinent sanctions lists. The job holder is also responsible for investigating sanctions hits and creating and delivering Sanctions Screening Reports to Buna’s management. This position will report to the Senior Transaction Monitoring Officer.
In this context, the following sections detail the main qualifications, skills and responsibilities related to this position:
Job Responsibilities
Data Analysis and Interpretation
- Review and analyse transactional data for potential sanctions activity, including those generated from an alert detection processes, subpoenas and warrants, country/corridor reviews, foreign and domestic agent matters, consumer network cases, negative media reports, as well as other sources as applicable
- Work effectively with multiple complex data sources and/or technical analytical tools/resources to identify potentially sanctions hits as defined by AML/CTF/BSA regulations, and industry best practices for AML/CTF/BSA analysis
SANCTIONS SCREENING Activity Reports Development
- Investigate Sanctions events and reduce potential exposure by being compliant with applicable policies and procedures
- Review reports and other investigative leads to identify sanctions hits
- Formulate and recommend responses to potentially suspicious findings, and report such activity to Buna management and to appropriate regulatory authorities as needed
- Adapt to regulatory changes or emerging industry best practices
Qualifications and Skills
Experience & Education
- 3+ years of experience conducting sanctions screening and investigations related to sanctions hits, customer/enhanced due diligence investigation or verifications
- Bachelor’s degree from a reputable university preferably in finance, legal, criminal justice or any relevant field
- Relevant certifications (Certified Anti-Money Laundering Specialist [CAMS], Certified AML and Fraud Professional [CAFP]) are preferred
Skills
- Knowledge of AML/CTF/BSA regulatory requirements, sanctions screening processes, bank / payment system operations, policies and procedures, and risk assessment
- Excellent communication skills (oral and written) with ability to effectively communicate by telephone, face to face, email and written
- Proficient in Microsoft Office (Outlook, Word, Excel and PowerPoint)
- Excellent organization and time management skills, and ability to work on own initiative, accurately to tight deadlines, and to prioritize between conflicting demands
- Ability to handle multiple tasks with tight deadlines simultaneously
- Effective team player and excellent relationship building skills with ability to demonstrate a high level of discretion and positive attitude with all internal and external stakeholders
- Ability to maintain the highest level of confidential/sensitive information and professionalism
- Flexibility and readiness to work beyond regular working hours and as required
Languages
- Fluent in English & Arabic
- Knowledge of French is a plus