Requirements
Bachelor's degree in business administration, Economics, Finance, or a related field. Minimum of 7 years banking sector experience, with at least 5 years in compliance, specifically in Sanctions and KYC & AML areas. Excellent Leadership Skills are also required.
Description
Job Summary:Ensure compliance with the International and Local Sanctions programs and Handling KYC related issuesJob Responsibilities:Work fully within compliance policies, procedures and regulations; assists the Head of Compliance & Corporate Governance to perform all issues related to Sanctions.Ensure compliance with the International and Local Sanctions lists (including sanctions programs administered by CBE, OFAC, UN, EU, Internal local & Kuwait lists) collectively referred to as Sanctions, through the establishment and operation of the global risk management framework to meet legislative and regulatory requirements in EGYPT.Safe Watch Alert Management: verify the actions taken by the Makers the branches Head Cash.Screening of newly opened accounts: Ensure Sanction Screening using the E-name Checker Application prior to opening the accounts on the system.Creates the Local Watch Lists in WLM system application, in addition to regularly update, monitor the proper management of all WLM alerts.Receive and reply to CBE/EMLCU on negative listed names and upload on WLM.Collect, monitor and review Sanctions Key Performance Indicators, review incidents and breaches and consolidate customer-screening alert clearing performanceChecking transactions to /from high-risk countries.Applying complete sanctions program to be executed by all departmentsParticipates in preparing the quarter/annual reports related to Sanctions, which presents to Audit Committee and Board of directors.Handling the reply to inquiries received from correspondent banks related to AMLReply to questionnaires received from correspondent banksFollow up on KYC update process for all ABK customers.Ad hoc AML tasksParticipates or backup Compliance Team in training all ABK-E staff (branches and departments) to enhance the fulfillment of Sanctions, KYC requirements.Manages the Branches/Units inquiries related to Sanctions & trade finance concerns.Developing and updating Sanctions procedures, workflowJob Qualifications:Bachelor's degree in business administration, Economics, Finance, or a related field from reputable university.Minimum of 7 years banking sector experience. With 5 years minimum in complianceExperience in Sanctions and KYC & AML area.Excellent Leadership Skills.