Team Leader - Compliance Ops - Perpetual Screening

Job purpose

Review and action all transactions on all the listed names/entities and countries against sanction hits in accordance with compliance with the agreed turnaround time and operating procedures.

Key Result Area

• Review and approve Transactions with 100 % accuracy within the established delivery standards with the agreed operating procedures.
• Escalate to compliance team if there is any sanction hit against any individual/entity or country for approval
• Ensure all Transactions are processed before EOD which have landed before daily cut off.
• Seek updates from compliance team with regards to the sanction screening.
• Identify process gaps and recommend system improvements and enhance efficiency to minimize risk and improve delivery standers.

Operating Environment, Framework and Boundaries, Working Relationship

• Transaction screening and processing of Names/Entity and Country for all branches.
• Close co-ordination with Compliance for timely decisions.
• Processing of all the transactions as per respective turnaround times.
• Authorization of all transactions from a compliance review/release point of view. Strict compliance with bank’s policy and procedures.

Problem Solving and Decision-Making Authority & Responsibility

• Recommend improvements to operating procedures and applications.
• Recommend both classroom and online compliance training.
• Stay up-to-date with all compliance changes and recommendations.
• Resolve all queries / deficiencies pertaining to the relevant processes, documents, based on the process guidelines
• Ensure authorization of all transaction types after reviewing the authenticated information with proper screening completion across queues.

Knowledge Skill and Experience

• Good Communication skills. (Both verbal and written)
• Strong interpersonal skills.
• 4-6 years’ experience in compliance unit of any bank.
• Basic computer operating skills. (MS Excel and PowerPoint)
• Good knowledge of general banking rules and regulations.