Trade & Remittance Sanctions Officer (Ops. Department)

Key Responsibilities

• Checking the incoming and outgoing Swift messages related to remittance and trade against the different sanctions lists such as: OFAC list, SDN list, UN list, MK Denial list, CBE blacklist, etc. and take the necessary actions with the competent units for execution.
• Checking the nature of the transaction as well as its structure in order to make sure that it’s in line with the market practice.
• Making sure that the transaction is in line with the customer business nature.
• Investigating / assessing the financial risk imposed on the Bank as a result of remittance and trade transactions.
• Assessing the high risk activities such as: AWB transactions, third party transactions, foreign LGs.
• Checking any boycotting clause found in the transaction in order to decide whether its accepted or not.
• Checking the pricing of the products involved in the transaction to make sure that it’s within the market price in order to avoid any money laundry cases.
• Checking any red flags found in the transaction.
• Respond to any daily inquiries and requests received from different departments units under the supervision of sanction screening Team Leader – Manager.
• Checking the structure of any remittance or trade instrument where a high risk product is involved such as: iron, steel, chemicals, fertilizers, gold, etc. in respect of AML regulations
• Preparing sanction reports required by internal customers (compliance, ICU, Operation risk) or external customers (CBE, Auditors) as a first level.
• Responsible for the transaction sanction screening where he/she will be posting the transaction to sanction screening Team Leader – Manager for his input.
• Checking any hits for remittance and trade against the CBE blacklists.
• Re-scrutinize the transaction and obtain the related approvals per delegation matrix.
• Checking the black list for the involved parties or countries to ensure that they are outside the list and posting the transaction to sanction screening Team Leader – Manager for his input.
• Prepare the monthly exhibit for all the AML hits.
• Prepare the CBE reports as a first level.
• Checking any hits in different types of documentary collection transactions such as: initiations, payment, and correspondences.
• Checking any AML hits in all trade and remittance instruments.
• Prepare responses to any daily inquiries and requests received from any units as a first level.
• Processing of all items in line with ADIB quality standards of service and accuracy.
• Processing different transactions according to SLAs and quality standards.
• Following procedures as well as any upgrade in the sanction screening system standard in order to make the daily operations more efficient.
• Participating in the related UAT testing.
• Investigate to solve received complaints in cooperation with Consumer Rights Protection – Compliance & Governance – in accordance with the policies and procedures and identified SLA.

And any other assigned Tasks.

Minimum Qualifications

• Bachelor degree

Minimum Experience:

• 2+ Yrs. of relevant experience

Job-Specific Knowledge & Skills:

• Preferred previous internship experience/ university activities.
• Very good command of MS Word & MS Excel.