Sanctions Officer

Durban
- Posted 2 hours ago

**Main job function**

***

**CORE PURPOSE OF THE JOB**:
To maintain effective practices and procedures for sanction screening by analysing real-time alerts on Lexis Nexis, attending to the daily bulk screen for the entire customer database, maintaining customer watch lists and providing guidance regarding sanctioned countries, high-risk jurisdiction and ensuring that this is in line with the Banks risk framework and enhanced due diligence requirements.

**MAIN** **FUNCTIONS** **OF** **THE** **JOB**:
**Sanction** **Screening**
- Maintain an effective sanctions screening
- Updates watch lists as and when
- Maintains custom watch
- Assists with monitoring legislative/ best practice requirements that impact sanctions/ sanctions
- Prepares and conducts presentations to staff on sanctions
- Prepares and assists with presentations to regulators regarding the bank’s sanctions screening systems, such as the SARB Thematic Review
- Assists with reports to EXCO and FICA EXCO regarding true positive alerts for clients already on the customer database g. PEPS, adverse media, SAFPS etc.
- Provides support to the MLCO by assisting with MLCO duties in the absence of the MLCO and on alternate
- Identifies non-compliance with sanctions processes and reports to the Compliance department and senior management for further
- Analyses alerts on the transaction monitoring system (SAS AML), conducts investigations of suspicious activities and reports accordingly
- Undertakes special projects when required

**Training**:

- Assist with the development of training material relating to sanction screening
- Assists the MLCS and MLCO to train staff and management on the watchlist screening system /sanction screening
- Conducts intensive training to users on the sanction screening system

**Relief Duties in the Absence of the MLCO**:

- Assists the branch with queries relating to FICA, AML and CTF
- Reports on STRs, CTRs, TPRs, IFTRs, as and when required

**QUALIFICATIONS**
- A tertiary related qualification in Commerce, Business or Law is required
- Additional qualification in Anti-Money Laundering /Counter Terrorist Financing/Sanctions is advantageous

**PREFERRED** **EXPERIENCE**
- A minimum of 3 years administrative and/or banking experience is preferred
- Experience with a sanction screening system is an advantage

**KNOWLEDGE**
- Bank policies and processes
- Microsoft office 365
- AML Knowledge