Trade & Remittance Sanctions Officer/ Senior Officer at ADIB Candidate Experience site

Cairo, Cairo, Egypt -

Full Time

Start Date

Immediate

Expiry Date

27 Jun, 26

Salary

0.0

Posted On

29 Mar, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Sanctions Screening, Trade Finance, Remittance Processing, AML Regulations, Risk Assessment, Transaction Monitoring, OFAC List Checking, SDN List Checking, UN List Checking, Blacklist Checking, Report Preparation, UAT Testing, SLA Adherence, Compliance

Industry

Banking

Description

Checking the incoming and outgoing Swift messages related to remittance and trade against the different sanctions lists such as: OFAC list, SDN list, UN list, MK Denial list, CBE blacklist, etc. and take the necessary actions with the competent units for execution. Checking the nature of the transaction as well as its structure in order to make sure that it’s in line with the market practice. Making sure that the transaction is in line with the customer business nature. Investigating / assessing the financial risk imposed on the Bank as a result of remittance and trade transactions. Assessing the high risk activities such as: AWB transactions, third party transactions, foreign LGs. Checking any boycotting clause found in the transaction in order to decide whether its accepted or not. Checking the pricing of the products involved in the transaction to make sure that it’s within the market price in order to avoid any money laundry cases. Checking any red flags found in the transaction. Respond to any daily inquiries and requests received from different departments units under the supervision of sanction screening Team Leader – Manager. Checking the structure of any remittance or trade instrument where a high risk product is involved such as: iron, steel, chemicals, fertilizers, gold, etc. in respect of AML regulations Preparing sanction reports required by internal customers (compliance, ICU, Operation risk) or external customers (CBE, Auditors) as a first level. Responsible for the transaction sanction screening where he/she will be posting the transaction to sanction screening Team Leader – Manager for his input. Checking any hits for remittance and trade against the CBE blacklists. · Re-scrutinize the transaction and obtain the related approvals per delegation matrix. Checking the black list for the involved parties or countries to ensure that they are outside the list and posting the transaction to sanction screening Team Leader – Manager for his input. · Prepare the monthly exhibit for all the AML hits. · Prepare the CBE reports as a first level. Checking any hits in different types of documentary collection transactions such as: initiations, payment, and correspondences. Checking any AML hits in all trade and remittance instruments. Prepare responses to any daily inquiries and requests received from any units as a first level. Processing of all items in line with ADIB quality standards of service and accuracy. Processing different transactions according to SLAs and quality standards. Following procedures as well as any upgrade in the sanction screening system standard in order to make the daily operations more efficient. Participating in the related UAT testing. Investigate to solve received complaints in cooperation with Consumer Rights Protection – Compliance & Governance – in accordance with the policies and procedures and identified SLA. And any other assigned Tasks. Minimum Qualifications · Bachelor degree Minimum Experience: Officer: 3-5 years of relevant experience Senior Officer: 5+ years of relevant experience

Responsibilities

The officer is responsible for screening incoming and outgoing Swift messages related to trade and remittance against various sanctions lists and ensuring transactions align with market practices and customer business nature. This includes investigating financial risks, assessing high-risk activities, checking for boycotting clauses, and preparing required sanction and AML reports.