Job Description
The Job holder supports Senior Management in meeting their regulatory obligations by providing an active support in the implementation of Sanctions policies in compliance with Jersey, UAE Central Bank regulations and Group’s Global Sanctions Policies and international standards.
The jobholder assists the Manager Sanctions Compliance-Team Leader to identify and contain Sanctions Compliance risks, foster a compliance culture in the Bank, optimize relations with the Regulators, protect the reputation of the Group and comply with applicable Group policies and standards and local laws and regulations in order to prevent criminal sanctions.
In the execution of Sanctions duties, the job holder must independently handle the tasks assigned to him/her and be able to take decisions on matters within their designated authority. The job holder must be able to independently analyze and critically evaluate the responses received without much supervision and escalate as appropriate.
The person will be responsible for providing Sanctions advice and guidance on their assigned area to the relevant business areas and country compliance within the MENA countries
Duties and Responsibilities
Your main responsibilities in this role include the following:
Managing and coordinating sanctions compliance for the UAE and MENA region countries.
Reviewing any new/amended material laws, rules and regulations and Group Policies, assess their applicability to the business areas and guide the business accordingly ensuring all appropriate processes and procedures are amended to comply.
Reviewing and decisioning sanctions screening alerts escalated by GSC or business for sanctions for UAE and escalations by country compliance within the MENA region.
Assisting Manager Sanctions Compliance-Team Leader and country Compliance in their responsibility for complying with all relevant Laws, Rules, Regulations and Group policies related to sanctions.
Evaluating and monitoring existing procedures and develop new procedures, systems and controls with specific focus on common systems, off shoring initiatives to minimize the risk of the firm being used for financial crime and ensure the business is compliant with current anti-money laundering and sanctions requirements.
Proactively assist Manager- Sanctions Compliance –Team Leader in supporting business and country compliance functions to operate in a compliant manner.
Provide guidance to regional project teams and compliance representation on any sanctions related systems project for the region.
Provide guidance to GSC on implementation on Sanctions related Group and or regulatory related requirements.
Provide guidance and training to GSC Alert Investigation Officers and business colleagues on implementation of sanctions policies and procedures.
Provide advice on Sanctions issues that arise through the country compliance functions
Liaise with Global Sanctions and Regional Sanctions functions on sanctions related matters, reporting of KPIs and other matters requiring MENA representation
Support the Manager Sanctions Compliance-Team Leader by providing back-up coverage for leave and vacation
Support Manager Sanctions Compliance-Team Leader on country compliance reviews
Raise exceptions through IRIS reporting system and make decisions on reporting to senior management. Ensure a review all cases on a quarterly basis and provide updates where necessary or close cases where action completed.
Support efforts to proactively drive the KYC improvements to support sanctions compliance
Immediately escalate to Manager Sanctions Compliance-Team Leader any material breaches or potential breaches of Laws, Rules and Regulations
Deliver fair outcomes for our customers and ensure own conduct maintains the orderly and transparent operation of financial markets.
Job Requirements
UAE Nationals Only
The jobholder must have at least 3 years experience in AML/ Sanction Compliance roles.
Experience of the full range of personal and commercial banking services and have a strong subject matter expertise in the area of Sanctions including regulatory environment and international regulations.
The ability to multi-task across many fields involving potentially complex projects and multiple teams
Experience of people management preferable
Proven communication and influencing skills with the ability to communicate and in writing at all levels
An excellent command in English
Job Details
Vacancy Type: Full-time Job
Company/Organization: HSBC Bank
Job Functions: Risk Management
Job Location: Dubai, United Arab Emirates
Application Deadline: 06 December 2018
