Overview
Specialist Sanctions Screening Jobs in Riyadh, Saudi Arabia at The Saudi Investment Bank
Title: Specialist Sanctions Screening
Company: The Saudi Investment Bank
Location: Riyadh, Saudi Arabia
Responsibilities:
- Undertake periodic sanctions screening for customers and related parties to identify any potential sanctions violations.
- Contribute to the development and enhancement of screening systems, based on the verification of sanction lists matches.
- Review sanctions screening alerts and cases and take the appropriate actions within the applicable SLAs.
- Maintain current knowledge about local and international sanctions/Embargoes laws and regulations to assess and reflect changes where needed.
- Conduct the delta batch screening process to ensure that incremental updates to screening databases are conducted efficiently and accurately, minimizing delays and ensuring compliance with regulatory requirements.
- Conduct the screening of new onboarding requests for accounts and products to promptly identify any potential sanctions violations or high-risk entities, ensuring compliance with regulatory requirements prior to customer onboarding.
- Conduct the screening of transactional activities to promptly detect and investigate any suspicious or potentially sanctioned/embargoed transactions, ensuring adherence to regulatory obligations and mitigating financial crime risks effectively.
- Understand and follow clearly articulated guidance on how to complete assigned tasks, ensuring alignment with sub-functional goals.
- Utilize allocated resources efficiently to complete tasks as per defined standards and within process boundaries.
- Comply with established policies, processes, and procedures to ensure work accuracy and consistency.
- Address simple, recurring issues independently while escalating complex challenges to the appropriate stakeholders.
- Contribute to continuous improvement efforts by identifying inefficiencies in routine activities.
- Actively participate in pre-defined development initiatives, leveraging organizational resources to enhance skills and knowledge.
- Additional duties and responsibilities assigned through the bank’s process as deemed necessary.
Required Qualifications:
- Minimum Qualifications: Bachelor’s Degree in Business Administration or a related major.
- Preferred Experience: 0-1 years of relevant experience
- Language: Arabic, English
