About the Role
At the company, the Sanctions Officer plays a critical role in ensuring compliance with applicable sanctions regulations. This position is responsible for conducting thorough sanctions screening and investigations to identify potential sanctions matches, support transaction monitoring, and maintain accurate documentation in accordance with both internal policies and regulatory requirements.
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Job Responsibilities
- Conduct sanctions name screening for new customers, existing customers, transactions, employees, and third parties.
- Analyze alerts generated by screening systems and assess the level of match (False Match / True Match).
- Conduct necessary investigations for potential matches and gather supporting evidence and information before escalating to the Sanctions Manager.
- Execute instructions to stop or suspend transactions when required.
- Update screening records and ensure complete and accurate documentation.
- Implement freezing or temporary blocking of transactions or accounts upon confirmed matches, in accordance with approved policies and procedures.
- Update and review approved sanctions lists within the system and ensure that any regulatory updates are reflected in a timely manner.
- Maintain strict confidentiality of information related to sanctions cases.
- Support the execution of requests from competent authorities related to specific sanctions cases, in accordance with approved authorities.
- Contribute to the reduction of false positives by providing practical feedback to enhance screening criteria and parameters.
- Conduct periodic rescreening of existing customers upon updates to sanctions lists or changes in customer data.
- Support sanctions screening system effectiveness testing by reviewing samples and validating match results.
Education
- Bachelor’s Degree in Law, Finance, Business Administration or equivalent fields of study, or equivalent years of experience.
Experience
- 2–4 years of experience in AML/CTF and sanctions.
Skills
- Advanced proficiency in Microsoft Office Tools.
- Fluent in English and Arabic.
- Solid knowledge of compliance and regulations.
Core Competencies
- Self-Actualization & Fulfilment: Proficiency Level – INTERMEDIATE
- Team Synergy & Development: Proficiency Level - INTERMEDIATE
- Entrepreneurial Mindset & Drive: Proficiency Level - INTERMEDIATE
- Business Acumen & Diligence: Proficiency Level - INTERMEDIATE
What We Offer You
We believe you will love working at the company!
- An inclusive and diverse culture that encourages innovation and flexibility in remote, in-office, and hybrid work setups.
- Highly competitive compensation packages, including the potential for shares.
- Prioritization of personal development through regular training and an annual learning stipend to tackle new challenges and grow your career in a hyper-growth environment.
- The opportunity to join a talented team of over 30 nationalities working in 7 countries and gain valuable experience in an exciting industry.
- Autonomy, mentoring, and challenging goals that create incredible opportunities for both you and the company.
- A significant level of responsibility and trust, with the freedom to perform your role as you see fit.
