Sanctions and ABC Officer
- London
- Permanent
- Full-time
- Assist in maintaining Sanctions and AB&C related policies, procedures and guidance notes
- Review and assessment of regulatory updates to ensure the business maintain in compliance with Sanctions and AB&C laws and regulations.
- KYC review and advising on existing and new account files to ensure that all sanctions and AB&C issues are identified, investigated, remediated and documented.
- Alct as escalation point for sanctions related true matches for client data and real time transaction screening.
- Providing 1st line business support assessing sanctions and AB&C risks/issues – Including advising the business
- Monitor, review and manage the approval and escalation process of Gifts and Entertainment ensuring compliance with internal policies and applicable AB&C laws and regulations.
- Respond to external sanctions and AB&C related queries, including Requests for Information
- Assist with timely and accurate reporting
- Receive, investigate and report (to relevant regulators) sanctions related issues escalated by management or staff.
- Assist in drafting license requests, any other regulatory engagement required across all jurisdictions.
- Oversight of periodic controls including quality assurance for alert management; controls and testing reviews,
- Supporting the delivery of the Sanctions and AB&C annual risk assessments
- Support internal and external audits relating to Sanctions and AB&C, ensuring remediation actions are
- Identify Sanctions and AB&C related training needs, supporting the delivery of online and face-to-face compliance training for staff.
- Assist with strategic initiatives and compliance projects beyond Sanctions and AB&C when requested, particularly with respect to tax evasion and broader matter
- Experience in Sanctions and/or Anti-Bribery and Corruption compliance, including knowledge of UK, EU and OFAC regulatory regimes.
- Experience engaging with regulatory bodies including OFSI.
- Background in financial services - Asset and Wealth management experience preferred.
- Experience in engaging with senior stakeholders across business lines.