Job purpose:
Assisting the company with worldwide sanctions and anti-money laundering (AML) compliance, including OFAC reporting, USA Patriot Act compliance, and third-party due diligence, is the role of the sanction analyst. This position is for applicants who are motivated by working on high-profile topics and who want to play a significant part in ensuring that sanction screening is carried out to the highest standard within the company. High performers in this position will be exposed to a variety of networks and stakeholders in sanctions, as well as further insight into sanction screening.
Main tasks and responsibilities:
- A Sanctions Screening Analyst will help to make sure that transactions and shipment screenings against sanctioned companies are efficient.
- Conducting data analysis, recommending mitigation measures, and proactively putting up workable ideas to lower the number of "false warnings" produced by the automated screening tool.
- Serving as a Sanction Screening Subject Matter Expert by having a thorough understanding of sanctions and how they apply to transactions (SME)
- When necessary, do an analysis and get a better grasp of the implications and requirements of AML/OFAC.
- Ensuring that policies and procedures are followed every day;
- Performing ad-hoc screenings to include vendors, third-party payees, etc.; Conducting sanctions screening of real-time movement of goods and services for suspected sanctions violations;
- Conduct routine screenings of clients, beneficial owners, and associated parties;
- Reviewing and vetting documentation relating to trade financing (including red flags);
- Adhere to operational guidelines for addressing sanctions alerts, including recording the justification for the decision
- Perform analysis of probable matches against sanctions lists notified by customer and transaction sanctions screening
- When further information is needed to review sanctions lists, communicate with the internal team.
- Alerts that might become necessary for reporting should be escalated.
- Work together with our Product team to improve automated sanctions screening risk methodology, lower the number of false positives, lower the likelihood of sanctions, and reduce sanctions risks.
- Work as a team player to provide excellent customer service, going above and beyond when necessary.
- Knowledge of the shipping process from booking to loading list to delivery that is relevant.
- Working knowledge of appropriate regulated, risk-focused, and data analytics contexts
- It is crucial to comprehend sanctions and how they operate.
- Prior expertise in providing exceptional customer service.
- Surpassed objectives and accomplished goals while assisting and motivating others to achieve the same.
- Efficacious time management skills, awareness of their obligations, and a commitment to carrying them out in a timely manner.
- A thorough knowledge of the legal and compliance frameworks governing shipping services, as well as experience operating within them (OFAC, SDN list, Sanctions countries list).
Key interactions (Internal | External):
Marine insurance company; Third-party service provider; Operations & functional managers; global directors
Marine insurance company; Third-party service provider; Operations & functional managers; global directors
Education requirements
Graduate or Post Graduate
Language requirements:
English – English – Fluent (required)
Background and experience:
- Minimum 5 Years of working experience in Sanction Screening
- Previous experience in internal Audits / Control and Ethics team preferable
- Excelled in driven cross-functional collaboration to ensure satisfaction and time - deliverance
- Taken an active role in internal as well as external meetings together with the associated parties for clarifications
- Drive process efficiency and best practice sharing
- Experience using compliance-related software applications
- Able to adapt and use the country’s Sanction Screening system quickly.
- Sense of urgency; Organized;
Competencies and skills:
- Graduate and/or proven experiences in business in handling DG cargo vessels.
- Very good communication skills verbal and in written English
- Ability to work in a team environment.
- Ability to interact with all levels of staff and personnel.
- Ability to sit or stand for long periods of time, as well as bend, kneel and lift cumbersome and/or heavy objects.
- Ability to work prolonged and/or irregular hours as needed.
How to apply
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