Sanctions Technician

DXC Technology; United Kingdom; On-site; GBP 40,000 - 60,000; Full time

Job summary

An established industry player is seeking a diligent Sanctions Technician to join their dynamic team. This pivotal role involves ensuring compliance with US, EU, and UK Sanctions regulations while performing essential audits and quality control tasks. The successful candidate will engage with various internal and external stakeholders, showcasing their expertise in Sanctions matters. This position offers an opportunity to contribute to a forward-thinking company dedicated to continuous improvement and innovation in the financial services sector. If you are analytical, possess strong communication skills, and are eager to make a difference, this role is perfect for you.

Qualifications

• Experience in Sanctions compliance and technical insurance knowledge.
• Strong analytical and communication skills are essential.

Responsibilities

• Perform low complexity Sanctions clearance and escalate complex cases.
• Conduct daily audits and maintain Sanctions User Group SharePoint site.

Skills

Awareness of Sanctions

Technical Insurance knowledge

Analytical skills

Strong written and verbal communication skills

Problem solving skills

Ability to converse with people at all levels

Job description

ABOUT XCHANGING
Xchanging is a business process and technology services provider and integrator. Listed on the London Stock Exchange (LSE:XCH), we have over 7,500 employees in ten countries, providing services to customers in 48 countries. We specialise in Insurance, Financial Services, Technology and Procurement, with processing skills and capabilities applicable to other vertical industry and market sectors.

Job Description
A Sanctions Technician works under the direction of the Sanctions Team Leader (part of the Control, Quality, L&D and Sanctions function) and the role is central to ensuring that XIS/XCS is compliant with all US, EU, and UK Sanctions regulations. The overall Sanctions function consists of a Screening Team (data entry and simple ‘Level 1’ Sanctions clearance); Clearing Team (‘Level 1 – 2’ Sanctions clearance), Sanctions Team (‘Level 2’ Sanctions clearance and peripheral Sanctions activity) and Compliance Team (‘Level 3’ Sanctions clearance). The Sanctions Technician is responsible for low complexity ‘L2’ Sanctions clearance and escalating more complex cases to an Advanced Sanctions Technician or Senior Sanctions Technician within the team. The Sanctions Technician’s primary role is to carry out Sanctions related activities which includes, but is not limited to:

1. Sanctions Quality Control
2. Daily Audit (same day auditing) of sensitive territory cases
3. Daily Audit (next day audit) of high risk territory cases
4. Sensitive territory checks (currency and banks)
5. Maintenance of Sanctions User Group SharePoint site
6. Sending Sanctions related queries to the market

This role interacts regularly with the operating units and support areas and is regarded as an expert in Sanctions matters. This position is recognised for its depth and breadth of knowledge and expertise in both technical and market wide processes and procedures as well as for its’ interaction with various internal and external stakeholders.

SKILLS/EXPERIENCE REQUIRED TO PERFORM THE ROLE

1. Awareness of Sanctions
2. Technical Insurance knowledge
3. Analytical skills
4. Ability to converse with people at all levels
5. Strong written and verbal communication skills
6. Problem solving skills

KEY ACCOUNTABILITIES

QUALITY AND COMPLIANCE STANDARDS
Maintains quality and compliance standards:

1. Applies technical knowledge (Sanctions and insurance).
2. Understands and appreciates the need for accurate Sanctions screening.
3. Supports Sanctions change in the business.
4. Instills confidence in the customer.
5. Acts as an ambassador for Xchanging.

Manages customer relationships:

1. Positively supports change initiatives.
2. Identifies new ways of doing things.
3. Supports continuous improvement activities within the team and department.

Manages change and innovation:

1. Is positive towards change and innovation initiatives.
2. Promotes a positive attitude to change within the team.
3. Understands the implications of change both locally and wider and can articulate this.

ANALYTICAL THINKING AND DECISION MAKING

1. Is able to analyse, investigate and interpret data and information and draw out conclusions.
2. Backs up conclusions with logical analysis and presents at a level that is appropriate to the audience.

Decision making and problem solving ability:

1. Is able to bring together information from a number of different sources when forming a decision.
2. Makes decisions on the best course of action based on available data.
3. Takes personal responsibility for decisions.