Payment Screening Officer

JOB SUMMERY:

Responsible for ensuring that the bank complies with international, local sanction regulations, internal policies requirements and AML/CFT frameworks.

Duties and Responsibilities:

-Reviewing of sanctions alerts which have been escalated for further analysis in order to determine whether there is a true match or a false positive as per the Bank’s internal procedures.

-Reviewing the supporting documentation and evidence of the analysis conducted, including a detailed explanation as to why an alert has been discounted or escalated for further review as a true match.

-Maintain up to date knowledge of the hierarchy and role of international bodies that impose sanctions (International, National - Federal and Local).

-Handling sanctions screening payment systems and able to review alerts after analyzing the matches and the underlying sanctions risk in the payments.

-Work closely with Business Line and Operations to provide advice and guidance on payments filtering and client / transactions screening alert management.

-Analyze internal and external processes and identify areas exposed to international sanctions risks, related to international payments, trade finance transactions or management of international sanctions lists and associated screening and filtering processes.

- Handling and responding to requests for information from correspondent banks that are related to payments, trade finance, etc.

-Monitor control effectiveness and escalate identified gaps to direct manager.

-The jobholder is accountable for providing accurate and timely information to the Manager Sanctions on all sanctions related matters and for ensuring compliance with relevant local and international regulations, specifically, OFAC, UN, EU, UAE, and HM

-Follow and implement all relevant department policies, processes, standard operating procedures and instructions so that work is carried out in a controlled and consistent manner

-Follow the day-to-day operations related to own jobs in the department and prepare requested reports to ensure continuity of work. Ensure being innovative, initiative and recommend new approaches related to own jobs

-Comply with all relevant CBUAE regulations, banking laws, AML/CFT regulations and internal policies and code of conduct in order to maintain BMUAE sound legal position and mitigate any potential risks

Job Competencies and Skills

- Attention to details.

- Risk assessment capabilities.

- Ability to communicate effectively.

- Flexibility and ability to adapt to change.

- Analytical skills.

- Critical problem-solving ability.

- An ability to analyze and interpret information and take the proper decision

Qualifications and Experience

-Bachelor’s degree in commerce, business administration or any related discipline

-Min of 1-3 years of experience in the banking sector

-Excellent knowledge about banking operations and sanction regulations

Must Have UAE Residency