Job Description

PURPOSE OF JOB:

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Reporting to the VP - Sanctions Advisory, the main responsibility of this role is to support the business areas covering the Sanctions advisory activities for the Group and ensure that efforts are made to align the related policies and procedures with regulatory requirements and applicable laws and regulations.

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JOB CONTEXT/DIMENSIONS

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The Senior Specialist- Sanctions Advisory must be able to play a critical role in identifying, investigating, and resolving potential sanctions violations. You will conduct in-depth research, analyze complex information, and develop well-documented findings on potential breaches and thematic trends.

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Job Responsibilities

Assist in the implementation and monitoring of the framework and plan for the Compliance in Sanction that properly addresses the Compliance needs and requirements of the related divisions in line with laws, rules and regulations that best meets the needs of Group FAB. Conduct comprehensive investigations into potential sanctions breaches, including analyzing transactions, customer profiles, and other relevant data. Stay up to date on evolving sanctions regulations issued by international bodies and UAE authorities. Maintain a strong understanding of sanctions compliance best practices. Performing Sanction Review activities as a second line of defence, Advisory with regard to client engagement and transactions potentially subject to sanctions. Assist in providing timely and accurate Compliance advice on any Sanctions matters raised by the business functions by executing reviews and monitoring against applicable laws and regulations and soliciting external expertise as required. Advisory with regard to client engagement and transactions potentially subject to sanctions. Maintain and build an effective relationship with the related divisions so that effective escalation of issues is achieved, and risk managed. Providing timely and accurate Compliance advice on any Sanctions matters raised by the business functions by executing reviews and monitoring against applicable laws and regulations and soliciting external expertise as required. Keep abreast of related rules, regulations and best practices pertaining to Sanction through Notices that are received from the four main regulatory, OFAC, UN, EU & HMT. Execute other duties as directed by VP- Sanctions Advisory /Head of Sanctions. Client On-Boarding and post boarding queries, dealing with sanctioned nationals/countries, etc. Provide advisory services in Sanctions to all Business Units on Trade Finance Transactions, Client On-Boarding and post boarding queries, dealing with sanctioned nationals/countries, etc. Provide advisory services on, Sanctions related due diligence queries from other FIs, due diligence on customers, trade transactions, vessel tracking, inward/outward remittances, military transactions to other compliance departments and business units across the FAB Group. Advise on customer due diligence queries where sanctions elements have been identified. Review the proposed additions and deletions in internal sanctions list as directed by VP-Sanctions Advisory/HO Sanctions

WORK CONTACTS (INTERNAL & EXTERNAL)

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Purpose of Contact (Pass/receive information, market, negotiate etc)

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To report progress updates and to raise new risks/issues or challenges as appropriate.

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To deliver detailed investigations report and thematic review analysis in order to enhance overall sanctions' program.

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To Provide regular updates on sanctions compliance activities, risk assessments, and any significant findings.

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To Promptly escalate any material breaches or high-risk cases to the Head of Sanctions.

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EVP & Head of Financial Crime Compliance


As required


Meetings, phone calls, e-mails


To escalate and update on issues or challenges.


Embedded Business Compliance and Transaction Monitoring Team


As required


Meetings, phone calls, e-mails

To review and action transactions/alerts escalated by both compliance functions.

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JOB KNOWLEDGE, SKILLS & EXPERIENCE

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Bachelor's Degree in Management, Banking or Finance, preferably with certification in compliance, AML, CFT, risk management or internal audit. Minimum 3 years of experience in sanctions advisory or a related compliance role.

Proven analytical skills with the ability to dissect complex information, identify patterns, and develop typologies.

Excellent research and investigation skills with a strong focus on detail and accuracy.

Strong written and verbal communication skills, with the ability to prepare clear and concise reports.

Experience with sanctions screening tools and databases (e.g., UN, OFAC, EU, and UK Sanctions List)

Proficiency in Microsoft Office Suite (Word, Excel, PowerPoint) is required.

Working knowledge of Arabic is a plus.

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Discrete and has sense for integrity and handles highly sensitive information with absolute confidentiality.