Sanctions & KYC Senior Officer At EG Bank
JOB PURPOSE
Assist the Sanctions/KYC Unit Head to mitigate various Sanctions/KYC risks across the various bank activities.
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MAJOR RESPONSIBILITIES AND ACOUNTABILITIES
Assist the Sanctions/KYC Unit Head to assess all Sanctions/KYC related electronic systems and manage the needed developments to existing systems.Assist the Sanctions/KYC Unit Head to reply on Sanctions/KYC related inquiries & approval requests from branches, sectors, & other stakeholders by mail, email, and electronic systems.
Assist the Sanctions/KYC Unit Head to reply on Requests & Inquiries from Regulatory Authorities by mail, email, and electronic systems.
Assist the Sanctions/KYC Unit Head to prepare Sanctions/KYC regulatory reports to regulatory authorities as applicable.
Handle the cases/alerts on all Sanctions/KYC related electronic systems, manual reports, and Internal STRs as applicable.
Keep abreast of the Sanctions/KYC regulatory changes/developments and assist the Sanctions/KYC Unit Head to undertake proper impact analysis and identify suitable mechanisms of implementation as applicable.
Provide effective reporting of Sanctions/KYC updates/issues/areas of development to the Sanctions/KYC Unit Head as with the recommended corrective actions as applicable.
Handle any additional tasks/projects assigned by the Sanctions/KYC Unit Head.
Keep abreast and be capable of handling compliance aspects other than financial crime through appropriate knowledge and self-development.
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KEY PERFORMANCE INDICATORS (KPIs)
Handling cases/alerts on all Sanctions/KYC related electronic systems, manual reports, and Internal STRs in time according to the approved SLA as applicable and with the appropriate level of quality.
Assisting the Sanctions/KYC Unit Head to reply on Sanctions/KYC related inquiries & approval requests from branches, sectors, & other stakeholders in time according to the approved SLA as applicable and with the appropriate level of quality.
Assisting the Sanctions/KYC Unit Head to reply on Requests & Inquiries from Regulatory Authorities within the appropriate time and with the appropriate level of quality.
Providing valid suggestions to the Sanctions/KYC Unit Head to develop / enhance Sanctions/KYC related systems, policies, and procedures.
Handling the assigned tasks by the Sanctions/KYC Unit Head in a timely manner and with the appropriate level of quality.
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JOB DIMENSIONS
Number of associates
: Nil
Financial responsibilities
: Not applicable
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WORKING RELATIONSHIPS
Internal
Sanctions/KYC Unit Head, Head of AML/CFT department, Head of Compliance, and All stakeholders.
External
: Regulatory Authorities (EMLCU / CBE)
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JOB REQUIREMENTS
Minimum education: Bachelor Degree
Desired education
: Additional Compliance Certification
Languages
: Fluent in Arabic and English (writing and speaking)
Ideal experience
: 3 to 5 years or more of banking experience with working experience in compliance
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TECHNICAL COMPETENCIES
Knowledge and understanding of Sanctions/KYC and other compliance related standards/practices
Knowledge and understanding of applicable local/international regulations
Risk management oriented with capabilities of designing and conducting effective compliance monitoring and training
Analytical and decision making skills with the ability to develop solutions
Communication and presentation skills
Accountable and committed