Job Summary:
Ensure compliance with the International and Local Sanctions programs and Handling KYC related issues
Job Responsibilities:
- Work fully within compliance policies, procedures and regulations; assists the Head of Compliance & Corporate Governance to perform all issues related to Sanctions.
- Ensure compliance with the International and Local Sanctions lists (including sanctions programs administered by CBE, OFAC, UN, EU, Internal local & Kuwait lists) collectively referred to as Sanctions, through the establishment and operation of the global risk management framework to meet legislative and regulatory requirements in EGYPT.
- Safe Watch Alert Management: verify the actions taken by the Makers the branches Head Cash.
- Screening of newly opened accounts: Ensure Sanction Screening using the E-name Checker Application prior to opening the accounts on the system.
- Creates the Local Watch Lists in WLM system application, in addition to regularly update, monitor the proper management of all WLM alerts.
- Receive and reply to CBE/EMLCU on negative listed names and upload on WLM.
- Collect, monitor and review Sanctions Key Performance Indicators, review incidents and breaches and consolidate customer-screening alert clearing performance
- Checking transactions to /from high-risk countries.
- Applying complete sanctions program to be executed by all departments
- Participates in preparing the quarter/annual reports related to Sanctions, which presents to Audit Committee and Board of directors.
- Handling the reply to inquiries received from correspondent banks related to AML
- Reply to questionnaires received from correspondent banks
- Follow up on KYC update process for all ABK customers.
- Ad hoc AML tasks
- Participates or backup Compliance Team in training all ABK-E staff (branches and departments) to enhance the fulfillment of Sanctions, KYC requirements.
- Manages the Branches/Units inquiries related to Sanctions & trade finance concerns.
- Developing and updating Sanctions procedures, workflow
Job Qualifications:
- Bachelor's degree in business administration, Economics, Finance, or a related field from reputable university.
- Minimum of 7 years banking sector experience. With 5 years minimum in compliance
- Experience in Sanctions and KYC & AML area.
- Excellent Leadership Skills.
