Assistant Compliance Manager - Sanctions Unit (UAE National)

Mashreq; United Arab Emirates; On-site; AED 240,000 - 360,000; Full time

Job summary

Mashreq seeks a Compliance professional focused on sanctions to interpret domestic and international sanctions, investigate high-risk alerts, and ensure adherence to sanctions policies. You will provide training, guidance, and subject-matter expertise to mitigate sanctions risk across the bank.

The role requires strong analytical thinking, excellent communication, and experience in the financial services industry, with a track record of handling complex sanctions programs such as OFAC, UN, UK,

Qualifications

• 4+ years banking experience including 2 years compliance experience.
• Experience within the financial services industry.
• Clear understanding of sanctions screening processes and related operations.

Responsibilities

• Interpret domestic and international sanctions and maintain up-to-date awareness.
• Conduct investigation of complex sanctions alerts per regulatory requirements.
• Review and disposition sanctions screening alerts with adherence to policy.
• Provide training to Compliance staff on sanctions regulations and systems.
• Coordinate with business units to resolve alerts and share client information.
• Record keeping in a confidential and secure state per SOPs.

Skills

Sanctions regulations knowledge

Analytical thinking

Communication skills

Problem solving

Interpersonal skills

Data analysis tools

Education

ACAMS

CGSS

Tools

Microsoft Office

Job description

• Interpret domestic and international sanctions (UAE, US, UK, EU, UN etc.) and maintain sufficient awareness and knowledge of Sanctions that impact the bank and/or its branches or subsidiaries.
• Conduct investigation of complex and high-risk Sanctions alerts as per the regulatory requirements and in accordance with internal Compliance policies and procedures.
• Ensure full adherence to Group Sanctions Policy, including but not limited to related Sanctions Guidance and operating procedures.
• Support senior Compliance Manager in identifying Sanctions risk themes and trends and improve sanctions risk management capability.
• Provide subject matter expertise to mitigate risks associated with Sanctioned entities and transactions.
• Provide training to Compliance staff on Sanctions regulations and screening systems.
• Review and disposition of Sanctions screening alerts through effective investigation and adherence to policies, standards and procedures.
• Highlight concerns, trends and patterns to Compliance Manager.
• Coordinate with the business units in relation to resolution of alerts and client information.
• Handle Sanctions referrals as per the Bank's policy, ensuring no breach of the applicable sanctions policies, standards and guidance.
• Assist Compliance Manager in their responsibility for complying with all relevant Laws, Rules, Regulations and Group policies related to Sanctions.
• Provide guidance, support and training to Compliance Operations alert review team and business colleagues on implementation of sanctions policies and procedures.
• Provide effective support and maintain metrics as per internal procedures; prepare monthly and adhoc management reports.
• Identify and elevate areas requiring attention or strengthening and recommend changes and improvements in line with industry standards and applicable regulations.
• Record keeping. All records of the unit must be kept in a confidential and secure state and adhere to record retention policy and the SOP guidelines.
• Maintain effective working relationships with Business, Operations and other Compliance functions.
• Assist in Compliance projects as and when required including effective deployment of system and procedural changes as required.
• Effective knowledge of the Bank's Compliance, Sanctions, AML and KYC / CDD policies and procedures.
• Adequate understanding of various sanction programs, e.g., OFAC, UN, UK, EU, UAE Target Financial Sanctions etc.
• Experience within the financial services industry.
• Clear understanding of relevant business and operations processes that support sanctions screening.
• Good understanding of core banking and Sanctions screening systems and their use.
• Pro-active approach to problem solving and handling of the complex situations.
• Analytical thinking, Attention to details and educative judgment.
• 4+ years banking experience including 2 years compliance experience.

• Compliance risk professional with experience in one or more risk compliance roles including relevant Sanctions experience.
• Knowledge of Sanctions regulations and guidance.
• Lateral thinker with an ability to interpret and solve complex issues.
• Excellent communicator with strong inter-personal and influencing skills.
• Proficiency in Microsoft Office and data analysis tools.
• Professional qualification (like ACAMS, CGSS) is desirable.