- Identify Sanctions compliance deficiencies.
- Assist the business with Sanctions requirements & ensure adherence.
- Reviewing new Sanctions and working with the business to ensure compliance, while taking appropriate actions to ensure the business complies with new and/or amended regulations, through development of policies & business procedures, consistent with regulatory & business standards.
- Drafting & updating compliance policies and procedures.
- Provide Sanctions training & awareness.
- Effectively manage internal stakeholder (business units) relationships.
- Ensure full Sanctions compliance across all relevant areas of responsibility.
- Revert to business / operations for sanctions related cases.
- Deciding on whether there's valid justification of sanctions related suspicion to report cases to the UAE Central Bank.
- Keeping abreast of sanction developments.
- Update business of any new developments on Sanctions.
- Implementation where appropriate of international best compliance practices and standards.
- Ensure ongoing planning, coordination and implementation of key Sanctions Compliance Risk initiatives.
- Reviewing and updating policy and procedures to accommodate Sanctions changes and ensure staff compliance therewith.
- Ensuring all bank correspondence related to Sanctions are replied to, within the given timeline by liaising with various businesses to obtain all the required information.
- Periodic reviews of customer accounts and opening documentation for irregularities or anomalies related to Sanctions.