Sanctions Advisory Officer

Our client would like to hire a sanctions officer with experience in international advisory and regulatory matters.

JOB PURPOSE

To identify sanctions deficiencies, provide sanctions advise and monitor integrity of sanctions lists in payment and screening systems to ensure compliance with regulatory requirements and mitigate sanctions risk for the bank

ACCOUNTABILITIES

Sanctions Risk Management

• Review customer accounts and account opening documentation for irregularities and anomalies related to sanctions and handle transactions escalated from screening systems to ensure any sanctions risks are handled according to agreed policies, procedures and guidelines
• Define and ensure integrity of all Sanctions Lists for payment and on-boarding systems to ensure the bank is not exposed to any risk of dealing with a sanctioned person and/or entity

Sanctions Advisory

• Keep abreast of sanction developments (domestic and international); communicate new developments and provide advice to key stakeholders through development of policies and procedures to ensure any sanctions risk are mitigated
• Provide sanctions-related training to staff to ensure awareness and promote compliance culture within the bank
• Lead all sanctions related systems and/or process projects to ensure end-to-end management

Sanctions Compliance

• Review and investigate all breaches, discrepancies and irregular activities, and recommend corrective actions to ensure compliance with the bank's Sanctions policies/procedures and mitigation of identified risks for the bank

Experience

• At least 5 years of experience in the banking/financial services sector with exposure to banking transactions and in the sanctions environment
• Understanding and application of sanctions policies for Singapore, Hong Kong, Japan, Korea, Australia and China and standardizing for the group.
• Understanding of most products and services provided by a full service bank.

McGregor Boyall Associates Pte Ltd is an equal opportunity employer and do not discriminate on any grounds.

EA Licence No: 11S4330