Sanctions Analyst

Sanctions, Prohibitions Management & Bank Statement Verification

• Assist in conducting policy gap analysis, reviewing and maintaining updated Sanctions Policy and Sanctions Operating Standard/Procedure to align to local and international sanctions related legislations and guidelines.
• Provide support to the Sanctions Manager for effective implementation of sanctions screening procedure and monitor the screening process to detect and escalate any system / process weaknesses and follow up on action plans to address them.
• Log all automated Sanctions alerts system challenges identified on the AML system and follow up on action owners for closure.
• Assist in the review of the Risk Based thresholds for sanctions alerts and ensure that Sanctions List advised by the regulator have been updated in the AML System.
• Review all automated potential sanction matches on Specialized Designated Nationals (SDN), Politically Exposed Persons (PEP), other High-Risk persons generated into your queue and/or Sanctions alerts manually assigned by Line Manager within 24 hours. Provide confirmation of the sanctions status (True or False Match), recommendations and actions to the relevant business area.
• Investigate all New to Bank, Trade Finance and Existing Customer potential sanctions alerts escalated into your queue in accordance with the Sanctions Investigation requirements in the Sanctions and AML Software Operating Procedure and provide findings and decision within 48 hours to the business and Line manager.
• Review Trade Finance activities assigned by Sanctions Manager and submit reports on findings identified to Line Manager for required compliance reporting.
• Escalate and draft Sanction Suspicious Activity Report for review by Sanctions Manager and reporting to Head of Compliance within 24 hours of knowledge of the suspicion.
• Review correspondent banking questionnaires, additional information requests and provide responses to Line Manager by the agreed deadline.
• Draft Management Information (MI) or reports on Correspondent Banking issues identified, sanctions, PEP and US Person screening activities for preparation of compliance consolidated management and board reports.
• Provide appropriate advice to the business on Sanctions related issues.
• Receive bank statement verification requests from ambassies and consulates. Verify the statement with the records on the bank’s system and provide feedback to the Sanctions Manager.

Sanctions Processes and Stakeholders Engagements

• Maintain excellent relationships with the business team to ensure achievement of business goals.
• Perform ad-hoc customer database searches when instructed by Line Manager.
• Assist Line Manager to provide appropriate advice to the business on measures to mitigate Sanctions risks.
• Provide inputs from the findings gathered in the sanctions alerts review process to support the team to review of the Sanctions Training Module for the annual Sanctions Refresher for all staff.

Team Leaderships & People

• Maintain excellent relationships with the business team to ensure achievement of business goals.
• Assist Sanctions Manager with sanction notices. Search databases for specific client information and report within a deadline.
• Take ownership of own performance and personal development and discuss relevant support required with Line Manager for developmental and succession planning purposes.
• Proactively contribute to team performance through maintaining a flexible approach to tasks, providing input to continuous improvements and being receptive to change
• Keep self-updated with the Fidelity Sanctions Policy, Activity prohibitions Matrix and other financial crime and compliance related issues, support compliance initiatives, attend compliance related training programmes, complete Mandatory training courses assigned on E-learning platform within the timeframe

Competencies

• Intellectual and analytical skills of a high order.
• The strength of character, credibility and communication skills to operate confidently and effectively at senior levels both internally and externally.
• The flexibility to appreciate the commercial objectives of the business with an ability to challenge, independently and constructively, senior management, peers or other staff where appropriate, to insist upon adherence to the highest standards of business practice and to the requirements of relevant authorities.
• Ability to use initiative and work with minimum supervision but ensuring, at the same time, that the line reports are kept fully informed at all times.
• Ability to consider issues from a range of angles and propose creative solutions that assist the business in achieving its goals in a safe, compliant and controlled manner.
• Ability to communicate effectively, orally and in writing, with senior internal and external audiences – to educate, persuade, negotiate, gain decisions, enforce and influence management.
• Ability to make a real contribution in a rapidly changing environment and thrive on change and the need to learn rapidly.