Officer FCC Commercial Bank International

Commercial Bank International is currently hiring suitably qualified & experienced candidate for the job role of Officer FCC (Sanctions Screening and Monitoring). This job was posted by the bank on December 1, 2023. If you are willing to go for this role, then submit your application as soon as possible.

Responsibilities Of Officer FCC

• Monitoring & Reviews: Acting as a Payment and Sanctions Screening (PSS) Maker, providing support to the PSS (Checker) on sanctions and the alert investigation process.
• Conducting the investigation of payment sanctions screening alerts and ensuring the necessary actions are taken.
• Assisting Manager (checker) in reviewing new and existing client relationships to ascertain the associated sanctions risks.
• Escalating any real violation/exact match involving black listed individuals /entities to the PSS Checker/ PSS Manager.
• Execute queries, follow up with the relevant business unit, and ensure all alerts are addressed within the agreed upon TAT.
• Providing guidance and advice to business /operations staff in sanctions related cases.
• As PSS Maker, ensure proper identification of typologies and red flags during sanctions screening investigations.
• Supporting PSS Checker in development of list management to ensure proper screening is undertaking to detect and avoid sanctions breaches whilst also minimizing the number of false positives.
• Supporting the maintenance and updating of relevant watch lists including prohibited countries, Bad BICs strategically significant cities, regions and ports (CTRPs) and Good Guy Lists.
• Assisting the regulatory team in the daily review of the Central Bank Search & Freeze Notices and respond when required to relevant department within the Bank for further action and/or Central Bank for No Accounts within the Bank.
• Management Information and Reporting: Assisting in developing and maintaining appropriate MIS (daily, monthly, quarterly, annually) of PSS alerts, investigations, and correspondent banking requests.
• Systems and Technology: Assisting in reviewing of the available Sanctions systems and ensuring proper follow up with IT for any identified gaps or on any ongoing projects.
• Advising on enhancements of the existing systems or on introducing new technologies.

Requirements for Role Officer FCC

The requirements of Officer FCC (Sanctions Screening and Monitoring) are as under:

• Tertiary education with a Bachelor’s degree as a minimum.
• Mandatory Compliance qualification or certification mainly CAMS or CGSS. CFCS certification or any other relevant AML/ Compliance qualifications.
• Minimum 3 years’ experience in a banking / financial institution environment of which 2 years experience should have been in Sanctions Investigations or similar department.

Skills & Knowledge Desired

• In depth knowledge of CB UAE and other related Sanctions & CTF regulations
• Analytical, investigative, problem solving and decision-making skills
• Attention to details
• Independent and self-starter
• Organizing skills
• Strong team player
• Good written and oral communication skills
• Good time management skills and adherence to deadlines

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