Specialist Sanctions Screening

The Saudi Investment Bank (SAIB); Saudi Arabia; On-site; SAR 120,000 - 180,000; Full time

Job summary

The Saudi Investment Bank (SAIB) is seeking a compliance professional to perform sanctions screening for customers and related parties, review alerts, and ensure actions meet SLAs. The role also involves maintaining knowledge of local and international sanctions, embargoes, and regulations, and supporting onboarding and transactional screening to mitigate financial crime risks.

The ideal candidate will contribute to system enhancements, work in shifts, and collaborate with a compliance team to

Qualifications

• Experience in sanctions screening of customers and related parties.
• Review alerts and cases and ensure actions within SLAs.
• Knowledge of local and international sanctions laws and embargoes.

Responsibilities

• Undertake periodic sanctions screening for customers and related parties.
• Contribute to development and enhancement of screening systems.
• Review sanctions screening alerts and cases within applicable SLAs.
• Maintain knowledge of sanctions, embargoes, and regulations.
• Conduct delta batch screening to update screening databases.
• Screen new onboarding requests for accounts/products for sanctions risk.
• Screen transactional activities to detect suspicious or sanctioned transactions.
• Follow guidance and escalate complex issues as needed.
• Participate in development initiatives and process improvements.

Skills

Decision Making

Problem Solving

Teamwork

Good English Speaking

Tools

Microsoft Office

Job description

Job DescriptionUndertake 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

• Willing to work in shifts.
• Microsoft office.
• Decision Maker
• Problem solving
• Teamwork
• Good English Speaking