Specialist Sanctions Screening📣 Job Ad

About the Role

The Saudi Investment Bank is seeking a motivated and detail-oriented Specialist Sanctions Screening to join its team in Riyadh, Saudi Arabia. This full-time position is an opportunity for individuals with 0-1 years of experience to contribute to the bank's commitment to regulatory compliance and financial crime prevention. The Specialist Sanctions Screening will play a crucial role in ensuring the bank adheres to all local and international sanctions regulations.

Key Responsibilities

• Undertake periodic sanctions screening for customers and related parties to identify any potential sanctions violations.
• Contribute to the development and enhancement of screening systems, based on the verification of sanction lists matches.
• Review sanctions screening alerts and cases and take appropriate actions within applicable Service Level Agreements (SLAs).
• Maintain current knowledge about local and international sanctions and embargoes laws and regulations to assess and reflect necessary changes.
• Conduct delta batch screening to ensure incremental updates to screening databases are conducted efficiently and accurately, minimizing delays and ensuring compliance with regulatory requirements.
• Screen new onboarding requests for accounts and products to promptly identify any potential sanctions violations or high-risk entities, ensuring compliance with regulatory requirements prior to customer onboarding.
• Screen transactional activities to promptly detect and investigate any suspicious or potentially sanctioned/embargoed transactions, ensuring adherence to regulatory obligations and mitigating financial crime risks effectively.
• Understand and follow clearly articulated guidance on how to complete assigned tasks, ensuring alignment with sub-functional goals.
• Utilize allocated resources efficiently to complete tasks as per defined standards and within process boundaries.
• Comply with established policies, processes, and procedures to ensure work accuracy and consistency.
• Address simple, recurring issues independently while escalating complex challenges to the appropriate stakeholders.
• Contribute to continuous improvement efforts by identifying inefficiencies in routine activities.
• Actively participate in pre-defined development initiatives, leveraging organizational resources to enhance skills and knowledge.
• Perform additional duties and responsibilities as assigned through the bank’s process and deemed necessary.

Qualifications and Requirements

• Minimum Bachelor’s Degree in Business Administration or a related major.
• Proficiency in both Arabic and English languages.

Required Skills

• Sanctions Screening
• Regulatory Compliance
• Financial Crime Prevention
• Attention to Detail
• Analytical Skills
• Problem-Solving
• Communication Skills
• Adaptability
• Resource Management

Work Environment

This is a full-time position based in Riyadh, Saudi Arabia. The role requires 0-1 years of experience. The Saudi Investment Bank is committed to regulatory compliance and financial crime prevention.