Job purpose
Review and action all transactions on all the listed names/entities and countries against sanction hits in accordance with compliance with the agreed turnaround time and operating procedures.
Key Result Area
Review and approve Transactions with 100 % accuracy within the established delivery standards with the agreed operating procedures.
Escalate to compliance team if there is any sanction hit against any individual/entity or country for approval
Ensure all Transactions are processed before EOD which have landed before daily cut off.
Seek updates from compliance team with regards to the sanction screening.
Identify process gaps and recommend system improvements and enhance efficiency to minimize risk and improve delivery standers.
Operating Environment, Framework and Boundaries, Working Relationship
Transaction screening and processing of Names/Entity and Country for all branches.
Close co-ordination with Compliance for timely decisions.
Processing of all the transactions as per respective turnaround times.
Authorization of all transactions from a compliance review/release point of view. Strict compliance with bank’s policy and procedures.
Problem Solving and Decision-Making Authority & Responsibility
Recommend improvements to operating procedures and applications.
Recommend both classroom and online compliance training.
Stay up-to-date with all compliance changes and recommendations.
Resolve all queries / deficiencies pertaining to the relevant processes, documents, based on the process guidelines
Ensure authorization of all transaction types after reviewing the authenticated information with proper screening completion across queues.
Knowledge Skill and Experience
Good Communication skills. (Both verbal and written)
Strong interpersonal skills.
4-6 years’ experience in compliance unit of any bank.
Basic computer operating skills. (MS Excel and PowerPoint)
Good knowledge of general banking rules and regulations.
Originally posted on Himalayas