Sanctions Specialist

Barclays — Pune, Gera Commerzone SEZ

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. Assistant Vice President Expectations To advise and influence decision making, contribute to policy development and take responsibility for operational effectiveness. Collaborate closely with other functions/ business divisions. Lead a team performing complex tasks, using well developed professional knowledge and skills to deliver on work that impacts the whole business function. Set objectives and coach employees in pursuit of those objectives, apprai

View on HireSetu