Specialist Sanctions Screening

The Saudi Investment Bank; As Sudiyah; On-site; OMR 17,000 - 23,000; Full time

Job summary

The Saudi Investment Bank is seeking a dedicated professional to perform sanctions screening and related compliance tasks in Oman. You will review customers and transactions to detect potential sanctions violations and ensure adherence to local and international rules.

Working as part of the screening team, you will contribute to system enhancements, maintain up-to-date knowledge of sanctions regimes, and support onboarding and escalation processes.

Responsibilities

• Undertake periodic sanctions screening for customers and related parties to identify any potential sanctions violations.
• Contribute to the development and enhancement of screening systems, based on the verification of sanction lists matches.
• Review sanctions screening alerts and cases and take the appropriate actions within the applicable SLAs.
• Maintain current knowledge about local and international sanctions/Embargoes laws and regulations to assess and reflect changes where needed.
• Conduct the delta batch screening process to ensure that incremental updates to screening databases are conducted efficiently and accurately, minimizing delays and ensuring compliance with regulatory requirements.
• Conduct the screening of new onboarding requests for accounts and products to promptly identify any potential sanctions violations or high-risk entities, ensuring compliance with regulatory requirements prior to customer onboarding.
• Conduct the screening of transactional activities to promptly detect and investigate any suspicious or potentially sanctioned/embargoed transactions, ensuring adherence to regulatory obligations and mitigating financial crime risks effectively.
• Understand and follow clearly articulated guidance on how to complete assigned tasks, ensuring alignment with sub-functional goals.
• Utilize allocated resources efficiently to complete tasks as per defined standards and within process boundaries.
• Comply with established policies, processes, and procedures to ensure work accuracy and consistency.
• Address simple, recurring issues independently while escalating complex challenges to the appropriate stakeholders.
• Contribute to continuous improvement efforts by identifying inefficiencies in routine activities.
• Actively participate in pre-defined development initiatives, leveraging organizational resources to enhance skills and knowledge.

Job description

• Undertake periodic sanctions screening for customers and related parties to identify any potential sanctions violations.
• Contribute to the development and enhancement of screening systems, based on the verification of sanction lists matches.
• Review sanctions screening alerts and cases and take the appropriate actions within the applicable SLAs.
• Maintain current knowledge about local and international sanctions/Embargoes laws and regulations to assess and reflect changes where needed.
• Conduct the delta batch screening process to ensure that incremental updates to screening databases are conducted efficiently and accurately, minimizing delays and ensuring compliance with regulatory requirements.
• Conduct the screening of new onboarding requests for accounts and products to promptly identify any potential sanctions violations or high-risk entities, ensuring compliance with regulatory requirements prior to customer onboarding.
• Conduct the screening of transactional activities to promptly detect and investigate any suspicious or potentially sanctioned/embargoed transactions, ensuring adherence to regulatory obligations and mitigating financial crime risks effectively.
• Understand and follow clearly articulated guidance on how to complete assigned tasks, ensuring alignment with sub-functional goals.
• Utilize allocated resources efficiently to complete tasks as per defined standards and within process boundaries.
• Comply with established policies, processes, and procedures to ensure work accuracy and consistency.
• Address simple, recurring issues independently while escalating complex challenges to the appropriate stakeholders.
• Contribute to continuous improvement efforts by identifying inefficiencies in routine activities.
• Actively participate in pre-defined development initiatives, leveraging organizational resources to enhance skills and knowledge.

Additional duties and responsibilities assigned through the bank’s process as deemed necessary.