Assistant Manager / Manager - Sanctions Role

Job Description:

Responsibilities:

1. Sanctions Compliance Advisory: Provide expert guidance and advisory services to ensure the company's compliance with global sanctions regulations and requirements.
2. Name and Payment Screening: Oversee and enhance the name and payment screening processes to identify potential matches with sanctioned entities and individuals.
3. PEP and Adverse Media: Conduct thorough due diligence on politically exposed persons (PEP) and adverse media hits, ensuring accurate risk assessment and reporting.
4. Model Validation: Lead and execute model validation exercises to assess the effectiveness of sanctions compliance programs and screening systems.
5. Functional Requirements Development: Collaborate with cross-functional teams to define and develop functional requirements for sanctions screening systems and related tools.
6. System Implementation: Drive the implementation of sanctions screening systems, ensuring seamless integration, testing, and user training.
7. Data Analytics: Utilize data analytics techniques to monitor and analyze sanctions compliance data, identifying trends, anomalies, and potential areas of improvement.
8. Regulatory Knowledge: Stay updated on evolving sanctions regulations, guidelines, and industry best practices, and incorporate them into compliance programs.
9. Risk Assessment: Conduct regular risk assessments related to sanctions compliance, highlighting potential vulnerabilities and recommending mitigation strategies.
10. Stakeholder Engagement: Collaborate with internal and external stakeholders, including legal, IT, and regulatory bodies, to ensure alignment and effective communication.

Qualifications:

• Bachelor's degree in Business, Finance, Law, or a related field; advanced degree is a plus.
• Hands-on experience in providing advisory services within sanctions compliance, name and payment screening, PEP, adverse media, and related areas.
• Strong understanding of global sanctions regulations, AML (Anti-Money Laundering) regulations, and related compliance frameworks.
• Proven experience in conducting model validation exercises and implementing sanctions screening systems.
• Proficiency in data analytics and the ability to interpret complex data sets.
• Excellent communication skills, both written and verbal, with the ability to present findings and recommendations clearly to diverse audiences.
• Strong problem-solving and critical-thinking abilities, with a proactive and results-oriented mindset.
• Professional certifications such as CAMS (Certified Anti-Money Laundering Specialist) or similar are highly desirable.
• Collaborative team player with the ability to work effectively in cross-functional environments.
• Strong attention to detail and the ability to work under pressure in a fast-paced, regulated environment.