Sanctions Advisor (Advisory)

Job description / Role

Sanctions Advisor (Advisory) - Shape the way we identify financial criminals.

The Sanctions Advisor is responsible for assisting the Regional Sanctions Advisor for the MENAP region on customer, segment and product reviews. Advising business of the Sanction risks across a wide range of issues. Interpreting regulatory updates and advising on their implications. Updating Business and Support teams within the Bank on changes within the Sanction framework.

Key Roles and Responsibilities
- Assist the Regional Head of Sanctions – MENAP, and the Senior Sanctions Advisor – Sanctions Advisory in overseeing the regional compliance responsibilities for Sanctions
- Be updated on current events, regulatory issues and new and changing sanctions regulations, in country, in the UK and the US, and internationally
- Review and opine on queries raised by the wider FCC team and other areas of the Bank
- Respond to Customer Match Requests (CMR) requests for closure
- Conduct analysis into cases raised as part of the Dynamic Risk Review (DRR) system.
- Conduct reviews of Sanction Questionnaires and senior committee papers, ensuring the Sanction concerns are addressed.
- Provide advice on Sanctions compliance issues that arise through the business and country compliance functions
- Provide client-based and transaction-based support to the businesses to countries across the region
- Provide updates to the wider Sanctions team on current events, regulatory issues and new and changing sanctions regulations, in country, in the UK, US and internationally
- Engage in specific sanctions related projects where required
- Evaluate and advise on reputational and sanctions risk arising from customers and transactions
- Escalate immediately to Regional Head of Financial Crime Compliance and Global Sanctions Advisor any material breaches or potential breaches of sanctions laws, regulation or Group procedures

Leadership and Management
- Display leadership and teamwork to the operations teams in countries and in regional processing hubs
- Exhibit leadership and teamwork when dealing with business colleagues across the region, who are the internal clients for sanctions-related advice and assistance

Knowledge Development and Information Management
- Develop the expertise of other members of within the Sanctions team and the MENAP Financial Crime Compliance team
- Interact with the business to provide clear understanding of our sanctions program and provides periodic training to improve sanctions knowledge and awareness as it relates to business operations.

Stakeholders Relations
- Establish and develop effective working relationships with key SCB MENAP business contacts and functional contacts in the effort of partnering to ensure sanctions compliance.
- Partner with Legal and Compliance colleagues to ensure a rounded, fully briefed approach to MENAP sanctions matters being reviewed

Requirements

- The successful candidate will have a minimum of 5-10 years solid Sanctions experience.
- You will have delivered effective Financial Crime Compliance / Sanctions training programs to meet the training needs of the business.
- You will have implemented Financial Crime Compliance / sanctions risks identification and assessment and advise business on the findings.
- You will be able to advise the business on compliance and regulatory matters relating to Sanctions as well as financial services industry related practices.
- You will have experience partnering with the business to make decisions based on the knowledge and interpretation of current and possible future policies, practices, trends and information of financial crime.
- It would highly desirable if you had a relevant Financial Crime / Sanctions qualification / certification.

About the Company

Standard Chartered Bank started in 1958 in UAE with its first branch in Sharjah. The Group’s business gradually increased in Dubai with the opening of several branches and today, Dubai is the administrative hub of the Middle East and South Asia Region. In its 43rd year, the Bank enjoys the position of having the most extensive branch network among foreign international banks in UAE with 10 branches emirate-wide.

Standard Chartered is an international bank, focused on the established and emerging markets of Asia, Africa, the Middle East and Latin America with an extensive global network of more than 600 offices in over 50 countries. The three principal business groups are Global Markets, Personal Banking and Corporate and Institutional Banking.

In UAE, we are one of the leading banks, offering an extensive range of products and services for personal customers, local companies, multinational corporate and financial institutions.