Job Title Sanctions Manager – Financial Crime Compliance
Function Risk
Department Risk
Nationality Restrictions? Egyptian
Country Egypt
City Corniche – Al Maadi
Job Description
Role Purpose
The Job holder supports Head of Sanctions in meeting Sanctions obligations by providing an active support in the implementation of Sanctions, AML and Counter Terrorist Financing (CTF) policies in compliance with Central Bank of Egypt regulations and Group’s Global Policies and Principles and international standards.
The jobholder assists the Head of Sanctions to; identify and contain Sanctions and AML compliance risks, foster a compliance culture in the Bank, optimize relations with the Regulators, protect the reputation of the Group and comply with applicable Group policies and standards and local laws and regulations in order to prevent criminal sanctions.
In the execution of Sanctions duties, the job holder must independently handle the tasks assigned to him/her and be able to take decisions on matters within their designated authority. The job holder must be able to independently analyze and critically evaluate the responses received without much supervision and escalate as appropriate.
The person will be responsible for the providing Sanctions, AML and CTF advice and guidance on their assigned area to the relevant business areas and country compliance within Egypt.
Principal Accountabilities:
Support Management in meeting HSBC’s regulatory and Group requirements on Sanctions risk by:
Managing and coordinating sanctions compliance for HBEG
Reviewing any new/amended material laws, rules and regulations and Group Policies, assess their applicability to the business areas and guide the business accordingly ensuring all appropriate processes and procedures are amended to comply.
Reviewing and take decisions with respect to escalated payments by GSC or business for sanctions for Egypt and escalations by country compliance within HBEG
Assisting Head of Sanctions and country Compliance in their responsibility for complying with all relevant Laws, Rules, Regulations and Group policies related to Sanctions and AML
Evaluating and monitoring existing procedures and develop new procedures, systems and controls with specific focus on common systems, off shoring initiatives to minimize the risk of the firm being used for financial crime and ensure the business is compliant with current anti-money laundering and sanctions requirements
Prepare regulatory filings and correspond with regulatory agencies as agreed with the Head of Sanctions Compliance and Senior Manager Sanctions.
Customers / Stakeholders
Proactively assist Head of Sanctions and Egypt MLRO in supporting business and country compliance functions to operate in a compliant manner
Provide guidance to business areas on sanctions risk and exposure related to customer account opening and transactional activity
Provide guidance to HBEG project teams and compliance representation on any sanctions related systems project for the country.
Provide guidance to GSC on implementation on Sanctions related Group and or regulatory related requirements.
Leadership & Teamwork
Provide guidance and training the Area Compliance Officers on implementation of sanctions compliance within HBEG.
· Provide advice on compliance AML & CTF/Sanctions issues that arise through the country compliance functions
· Liaise with GMO Compliance and GMO functions on sanctions related matters, reporting of KPIs and other matters requiring HBEG representation
Support the Sanctions team by providing back-up coverage for leave and vacation
Operational Effectiveness & Control
· Conduct reviews for Branches and Business areas for AML/CTF/Sanctions compliance. Produce review reports and make recommendations.
· Support Head of Sanctions Compliance on country compliance reviews
· Raise exceptions through IRIS reporting system and make decisions on reporting to senior management. Ensure a review all cases on a quarterly basis and provide updates where necessary or close cases where action completed.
· Support efforts to proactively drive the KYC improvements to support sanctions compliance
Immediately escalate to Egypt MLRO, Head of Sanctions or RCO as applicable any material breaches or potential breaches of Laws, Rules and Regulations
Major Challenges
· Balancing Business opportunities and needs with complex regulatory requirements
· Balancing local regulatory requirements with international standards and Group requirements
· Evaluating reputational AML, CTF and Sanctions risk arising from customers and transactions
· Recognition of the Sanctions and AML priorities by business management
The environment for anti-money laundering, sanctions and counter terrorist financing has changed significantly in recent years. The requirements from the Bank’s lead regulator, local regulators and enhanced Group standards present an increased burden on customer identification, transaction scrutiny and risk based reviews.
The job holder is required to work closely with the Head of Sanctions Compliance and Egypt MLRO in implementing Sanctions, AML andCTF processes and monitoring requirements across all business lines covering all HBEG.
Knowledge & Experience / Qualifications
· The jobholder must have at least 2 years experience in AML, Sanction Compliance or Risk managment roles.
· Experience of the full range of personal and commercial banking services and have a strong subject matter expertise in the area of Anti-Money laundering including regulatory environment and regulations.
· The ability to multi-task across many fields involving potentially complex projects and multiple teams
· Experience of people management preferable
· Proven communication and influencing skills with the ability to communicate and in writing at all levels
An excellent command in English
Removal Date 10-Aug-2016
التقديم
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