Job Description
Inviting applications for the role of Associate/Senior Associate - Sanctions Screening
As a Sanctions Screening Analyst, you will play a pivotal role in ensuring compliance with regulatory requirements and mitigating financial risks associated with sanctions violations. You will be responsible for conducting thorough screenings of individuals, entities, and transactions against various sanctions lists and implementing robust processes to safeguard our organization from regulatory breaches.
Responsibilities
Perform daily screenings of customers, counterparties, and transactions against sanctions lists issued by regulatory bodies such as OFAC, EU, UN, and other relevant authorities.
Utilize advanced screening tools and software to enhance efficiency and accuracy in identifying potential matches.
Investigate and analyze potential matches to determine the level of risk and escalate high-risk cases to the appropriate stakeholders for further review.
Continuously review and improve sanctions screening processes to ensure alignment with evolving regulatory requirements and industry best practices.
Identify opportunities for automation and technology integration to streamline screening operations and enhance overall effectiveness.
Independently resolve problems that require in depth investigation and/or research
Maintain accurate records of screening activities, including documentation of screening results, investigation findings, and resolution outcomes.
Adherence to SLA's, KPI and KRI's Within the procedural framework, use your own judgment based on your knowledge and experience to make risk-based decisions as to what is or is not normal and therefore whether to refer the alert for further investigation and reporting to authorities.
Consult and collaborate with colleagues to develop your own investigations and to help others with theirs, adopting and sharing best practices, techniques, and knowledge over time, with a focus on driving continuous improvement in both your own investigations and that of the broader team
Strive to learn and help your colleagues to learn continuously, taking and giving feedback constructively, participating actively in team continuous learning and development initiatives and training
Act as SME & Conduct Quality Checks on the output of other team members, following QC process and procedures, as required by the Team Lead.
Basic knowledge of Banking Industry & Regulatory Environment with in-depth knowledge of Regulations E, Z, CFPB, FACTA and FCRA
Qualifications we seek in you!
Minimum Qualifications
Strong understanding of global sanctions regulations, including OFAC sanctions programs, EU sanctions regimes, and UN Security Council resolutions.
Proficiency in using sanctions screening tools and software platforms, such as ComplyAdvantage, Actimize, Fircosoft, or Dow Jones Risk & Compliance.
Relevant experience in sanctions compliance, AML (Anti-Money Laundering), or regulatory operations within the financial services industry, preferably in a fintech or banking environment.
Should be comfortable working with multiple systems, case management tools, and open-source intelligence (OSINT) resources to perform thorough investigations
Detail-oriented approach with a commitment to accuracy and precision in performing screening activities and documentation.
Ability to make independent decisions on alert outcomes while following procedures.
Savvy with multiple PII verification tools and processes
Proficiency in reviewing customer profiles, and risk indicators.
Comfortable using multiple tools, systems, and OSINT resources for investigations.
Ability to adhere to productivity, quality, and SLA requirements.
Superior communication and collaboration skills with the ability to interact confidently with internal and external stakeholders at all levels.
Preferred Qualifications/ Skills
Advanced typing skills with high accuracy and speed (45+ WPM)
Proficient in the use of MS office tools
Adaptable to process changes and willing to continuously learn new systems and procedures
Demonstrate flexibility to work under 24.7 working environment
Professional certification for CAMS, CFE, ICA, or equivalent is preferred