We are excited to announce an opportunity for a Sanctions Analyst to join our dynamic team, where compliance and risk management play a crucial role in our operations. In this position, you will be responsible for ensuring our organization adheres to global sanctions regulations, including OFAC, UN, and EU sanctions, while actively contributing to the mitigation of financial crime risks. This role is perfect for individuals looking to advance their careers in compliance, offering a pathway to develop specialized skills in sanctions governance and financial crime compliance.

Our company prides itself on fostering a collaborative and supportive team culture. As a Sanctions Analyst, you will work closely with various departments, including legal, compliance, and risk management, to ensure that our sanctions screening processes are effective and efficient. You will receive comprehensive training and continuous professional development opportunities, allowing you to stay ahead in this ever-evolving field. The potential for career growth is significant, with opportunities to progress into senior roles, such as Sanctions Manager or Compliance Officer, as you gain experience and expertise.

In this role, you will not only contribute to the organization's compliance efforts but also play a pivotal part in shaping our strategic approach to risk management. Your insights and analysis will help drive improvements in our sanctions screening processes, ensuring that we maintain the highest standards of compliance. If you are passionate about financial crime prevention and are eager to make a meaningful impact in a fast-paced environment, we encourage you to apply and join our mission to uphold integrity and compliance in our operations.

Responsibilities:

1. Conduct thorough sanctions screening on transactions and customer accounts using advanced tools and software to identify potential risks and ensure compliance with relevant regulations.
2. Collaborate with cross-functional teams to develop and implement effective sanctions policies and procedures that align with regulatory requirements and best practices.
3. Analyze and escalate potential sanctions hits to senior management, providing detailed reports and recommendations for further action based on risk assessments.
4. Maintain up-to-date knowledge of changes in sanctions regulations and industry trends to ensure the organization remains compliant and adapts to evolving requirements.
5. Assist in the development of training materials and conduct training sessions for staff on sanctions compliance and risk management practices.
6. Participate in audits and assessments of the sanctions compliance program, identifying areas for improvement and contributing to the implementation of corrective actions.
7. Support the implementation of automated sanctions screening solutions, ensuring that systems are effectively tuned and maintained for optimal performance.
8. Monitor ongoing transactions for potential red flags and conduct enhanced due diligence as necessary to mitigate risks associated with financial crime.
9. Prepare and present regular reports on sanctions screening activities and compliance metrics to senior management, highlighting trends, challenges, and areas for improvement.

ITS A 4 MONTH CONTRACT JOB(may get extended)

Skills

• Proficiency in sanctions screening tools and software, including Firco Continuity and Firco FSK, to ensure compliance with regulatory requirements.
• Strong analytical skills to assess complex information and identify potential risks associated with sanctions and financial crime.
• Excellent communication skills, both written and verbal, for effective collaboration with cross-functional teams and reporting to management.
• In-depth knowledge of AML, CFT, KYC, and CDD principles to ensure comprehensive compliance with financial regulations.
• Ability to conduct thorough risk assessments and escalate findings to senior management for informed decision-making.
• Experience in developing and implementing compliance policies and procedures to enhance organizational effectiveness.
• Commitment to continuous learning and professional development in the field of financial crime compliance and sanctions governance.