Job Description
An international banking client is looking for a Sanctions Associate to join the Central Sanctions Unit. This person will be responsible for day to day work within the team, while certain team members are focused on a technology implementation. This team overall is responsible for sanctions screening for both the customer base and transactions, Adverse Media and MI reporting. This person will be specifically responsible for the following:
- Conduct Adverse Media investigations. This will be the main responsibility of the role. They will be trained on hwo to review negative news alerts. They will be trained on the thresholds of risk that the bank is willing to tolerate. They will look through the results from the alerts generated and deem the result “material” or “non-material”. This will entail a brief description as to why the determination was made based on the banks thresholds.
- Conduct manual screening of non-automated transactions (e.g. L/Cs).
- They w...