Assistant Manager, Sanctions - Compliance

<div><h3>Job Purpose</h3><p>The<b>Assistant Manager Sanctions</b>will manage end to end Sanctions Unit under the direct supervision of the Head of FCC/MLRO for effective administration and implementation of the Bank’s Sanctions and Proliferation of weapons of Mass Destruction (PWMD) activities through available systems/tools, in line with the guidelines/parameters set by the regulatory agencies/authorities, applicable laws and relevant policy and procedures to protect the bank from the threats related to Sanctions and Proliferation of weapons of Mass Destruction.</p><h3>Principal Accountabilities</h3><ul><li>Having strong understanding of relevant regulatory requirements and industry best practices.</li><li>Promptly manage and assign the alerts generated on a daily basis.</li><li>Ensure to Review/analyze Alerts/Cases with active investigation of customer profile, detection scenario logic and the related transactions which have breached the Detection Scenario logic and take prompt /appropriate actions.</li><li>Provide appropriate recommendations/comments for disposition of alerts/cases on the investigation performed for an alert/case as a checker and ensure the same for the team.</li><li>Ensure that all relevant alerts/cases for investigation are based on the ageing of the alert/case and are actioned timely.</li><li>Promptly identify and highlight suspicious transactions to the Head of FCC/MLRO with complete investigations/documentations and related requirements for necessary action.</li><li>To have an oversight of all alerts/cases handled by the team to ensure there are no gaps from regulatory and policy/procedures perspective with complete maker/checker process.</li><li>Ensure complete investigation on alerts related to perpetual customer screening, payments screening and trade related screenings are in line with Policy/ Procedures and Regulations, and highlighting High Risk/ blacklisted customers for necessary actions.</li><li>Handling FFR/PNMR/IEMS and other regulatory requests in addition to Executive Office communications on time and keeping the Head of FCC/MLRO well informed.</li><li>Provide proper Sanctions advisory to the concerned stakeholders based on the regulations and banks approved policy/procedures for transactions related to SWIFT and Trade Finance in consultation with the Head of FCC/MLRO.</li><li>To ensure all the related Sanctions related tools, applications related to pre-screening, post screening, Payments screening etc are up and running without any issues and periodic assessments are done in coordination with the relevant stakeholders.</li><li>To handle Sanctions related projects, POV/POC, enhancements, UAT’s, implementations and keep Head of FCC/MLRO well informed.</li><li>To be constantly updated with local and Global Sanctions related regimes and prepare advisories for the business stakeholders.</li><li>To review banks various policy/procedures and new products/services in terms of Sanctions and provide the feedback accordingly.</li><li>To identify risks and gaps related to Sanctions Unit and elevate the same to the Head of FCC/MLRO with an action plan for the resolution.</li><li>To handle all Correspondent Banking Questionnaires and RFI’s in coordination with the relevant stakeholders, AML/CFT and Client Acceptance&Advisory team leaders and Head of FCC/MLRO for timely deliveries.</li><li>To handle end to end exercise of preparing and finalizing banks Wolfsberg Questionnaire in coordination with all the stakeholders and approved by the Head of FCC/MLRO.</li><li>Maintaining and updating proper list of Sanctions related individuals and entities in close coordination with Head of FCC/MLRO.</li><li>Maintaining and updating High risk and Sanctioned countries as per latest updates.</li><li>To ensure timely update all Sanctions related policy and procedures, Trainings, E-Learnings etc.</li><li>Ensuring that all sanctions related controls are embedded within the bank.</li><li>Maintaining effective coordination with Business Units and ensure that all inquiries/investigations received are handled properly and responded in a timely manner.</li><li>Maintaining MIS / track and follow up with the relevant stakeholders for timely resolution of pending exceptions/alerts/cases and highlight the same to the Head of FCC/MLRO.</li><li>Maintaining and updating Sanctions related various MIS’s.</li><li>Promptly respond to all queries related to World –Check, Sanctions Application and Sanctions issues raised by branches and departments.</li><li>Conduct sanctions examinations/reviews of the assigned areas, for identification, monitoring and reporting of suspicious activities.</li><li>Support in conducting Sanctions EWRA and Compliance Trainings to Bank staff.</li><li>Handling Regulatory/Internal Audit and External Audit requirements.</li><li>To handle and resolve any legacy/ongoing findings/observations related to Sanctions Unit from the regulators, IAD, External Auditors, Consultants etc.</li><li>To maint