Sanctions Screening Specialist (Asia/EU/US Shift) - KL / Penang

Overview

• The Sanctions Screening Analyst serves as a crucial First Line of Defense, protecting the bank from any potential sanctions violations.
• This role involves making accurate and timely decisions.
• The Analyst evaluates alerts generated by the bank’s sanctions screening systems to identify any sanctions-related concerns.

General / Compliance Culture

• Ensure the entity adheres to relevant banking and securities laws, regulations, and internal policies related to AML/CFT and Sanctions.
• Develop and maintain a comprehensive understanding of the bank's risk tolerance and appetite in relation to sanctions issues.
• Take ownership of personal responsibilities while maintaining a high level of accountability for all actions and decisions.
• Guarantee awareness and compliance with regulations, policies, guidelines, procedures, and practices.
• Possess the ability to prioritize tasks and take ownership of outcomes.

Compliance Advisory Service

• Timely analysis of potential matches against sanctions lists identified through the screening of customers and transactions.
• Utilize sound judgment when making decisions or recommendations concerning generated alerts.
• Adhere to operational procedures regarding the handling of sanctions alerts, including documenting the rationale behind decisions.
• Evaluate whether alerts produced by sanctions screening systems raise sanctions concerns.
• Escalate any potential true-hit alerts for further investigation.
• Conduct alert investigations in line with the bank's global standards, policies, procedures, and tools, ensuring compliance with both internal and external regulatory obligations.

Additional tasks may be assigned by the Team Head of the Due Diligence Team.

Educational Background:

University degree/diploma/tertiary education.

Required Skills and Qualifications

• 2-4 years of experience in sanctions compliance, anti-money laundering (AML), or Financial Crime Operations, with a solid understanding of global sanctions regulations.
• General knowledge of money laundering, terrorism financing, and current trends and regulatory developments in sanctions.
• Strong written communication skills to clearly articulate rationale and document evidence supporting the decision-making process regarding alert matches.
• Willingness to work on shift hours and public holidays (specific shift hours will be provided accordingly).

Additional Qualifications/Skills:

• Familiarity with US Treasury/OFAC Regulations, UK HMT sanctions regulations, EU/UN Sanctions, and Anti-Money Laundering Directives.
• ACAMS/CGSS Certification is preferred.