Barclays
Finance / FinServ
SanctionsAlertsSpecialist
Neural analysis suggests this role is
optimal for Mid+ candidates.
“Sanctions Alerts Specialist at Barclays. Skills: Sanctions alert analysis, Regulatory compliance, Due diligence, Payment screening, Customer screening. Identify and conduct the appropriate analysis and due diligence on Sanctions alerts. Ensure the appropriate action is taken against customers and payment activity as defined by the Sanctions Standards and Restricted Activity Matrix”
What You'll Achieve.
Safeguard the bank from regulatory and reputational risk; Contribute and drive the effective delivery, oversight, and risk management in Sanctions Compliance; Support in the delivery of the Financial Crime objectives
Industry & Context.
Resolve problems by identifying and selecting solutions through the application of acquired technical experience and will be guided by precedents; Make evaluative judgements based on the analysis of factual information, paying attention to detail
Support UK working hours
What They're Looking For.
Must Have
Independently conclude on sanctions escalations from L1-L4, Approve or reject payments for true or potential true hits based on sound interpretation of OFAC, OFSI, EU, and UN sanctions laws and regulations, Analyse SWIFT MT/MX messages, Raise and assess RFIs, Synthesize transaction intelligence to support final defensible and regulatory compliant sanctions conclusions, Exhibit sanctions knowledge, Attention to detail, Clearly articulate to support sanctions decisions to audit or relevant authority
Nice to Have
Experience of doing payment or customer screening in FircoSoft and OWS respectively or similar systems, Relevant background of working in sanctions or financial crime, Drive process efficiency and effectiveness improvements
What You'll Do.
Identify and conduct the appropriate analysis and due diligence on Sanctions alerts
Ensure the appropriate action is taken against customers and payment activity as defined by the Sanctions Standards and Restricted Activity Matrix
Ensure that the organisation adheres to all applicable sanction’s laws and regulations and internal governance
Ensure that client accounts are not held and transactions are not processed in breach of application laws and regulations
Understand the objectives of the Global Sanctions Function and the control frameworks
Embed a culture of compliance with sanctions
Revision of escalated cases and confirm a True Match in line with regulations/policy accurately and in a timely manner
Feed back on instances of incorrect escalation
Management and provision of guidance in the completion of complex sanctions investigations
Ensure that matters are correctly managed and follow appropriate escalation routes
Involve the relevant stakeholders early and fully
Due diligence on Payment Screening alerts to determine the appropriate treatment and next steps for the payment in line with documented procedures
Follow the defined governance process and approvals as required
Escalation of Customer Screening True Matches to appropriate Business Aligned Sanctions Team for assessment
Identification of opportunities to drive efficiencies in the alert management process and feed these back to the appropriate team(s) to implement
Support the Sanctions function to review
assess and effectively disposition L5 sanctions alerts escalations
Safeguard the bank from regulatory and reputational risk
Contribute and drive the effective delivery
and risk management in Sanctions Compliance
Support in the delivery of the Financial Crime objectives
Independently conclude on sanctions escalations from L1-L4
Approve or reject payments for true or potential true hits based on sound interpretation of OFAC
and UN sanctions laws and regulations
Analyse SWIFT MT/MX messages
Raise and assess RFIs
Synthesize transaction intelligence to support final defensible and regulatory compliant sanctions conclusions
Exhibit sanctions knowledge
attention to detail and clearly articulate to support sanctions decisions to audit or relevant authority
How You'll Work.
Team & Collaboration
Involve the relevant stakeholders early and fully; Partner with other functions and business areas; Guide and persuade team members; Act as contact point for stakeholders outside of the immediate function; Build a network of contacts outside team and external to the organisation
Communication Scope
Clearly articulate to support sanctions decisions to audit or relevant authority; Communicate complex / sensitive information
Full Job Description
# **Job Description** **Purpose of the role** To identify and conduct the appropriate analysis and due diligence on Sanctions alerts to ensure the appropriate action is taken against customers and payment activity as defined by the Sanctions Standards and Restricted Activity Matrix, ensuring that the organisation adheres to all applicable sanction’s laws and regulations and internal governance, such that client accounts are not held and transactions are not processed in breach of application laws and regulations. **Accountabilities** * Understanding the objectives of the Global Sanctions Function and the control frameworks and embed a culture of compliance with sanctions. * Revision of escalated cases and confirm a True Match in line with regulations/policy accurately and in a timely manner, feeding back on instances of incorrect escalation. * Management and provision of guidance in the completion of complex sanctions investigations, ensuring that matters are correctly managed and follow appropriate escalation routes, while involving the relevant stakeholders early and fully. * Due diligence on Payment Screening alerts to determine the appropriate treatment and next steps for the payment in line with documented procedures following the defined governance process and approvals as required. * Escalation of Customer Screening True Matches to appropriate Business Aligned Sanctions Team for assessment. * Identification of opportunities to drive efficiencies in the alert management process and feed these back to the appropriate team(s) to implement. **Analyst Expectations** * To perform prescribed activities in a timely manner and to a high standard consistently driving continuous improvement. * Requires in-depth technical knowledge and experience in their assigned area of expertise * Thorough understanding of the underlying principles and concepts within the area of expertise * They lead and supervise a team, guiding and supporting professional development, allocating wo
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