Head of Sanctions | Mashreq Bank Jobs in Dubai

Head of Sanctions 
Job: Full Time
Dubai, UAE

Employer Description
Mashreqbank PSC is the oldest privately owned bank in the United Arab Emirates. It was founded as the Bank of Oman in 1967

Job Description
Interpret domestic and international sanctions (UAE, US, UK, EU UN etc.) and maintain awareness/knowledge of sanctions that impact the bank and/or its branches or subsidiaries. Update Bank’s Sanctions Policy/ matrix with evolving sanctions regulations

Responsibilities:

1. Manage blacklist screening systems for the bank (multi-jurisdiction); ensure that the lists applicable to each jurisdiction are kept up-to-date at all times and are applied in accordance with the regulatory requirements
2. Maintain ongoing awareness/knowledge of all applicable internal/external sanctions requirements and existing/emerging legal/statutory environment – identifying any issues that could impact bank
3. Manage blacklist screening systems for the bank (multi-jurisdiction); ensure that the lists applicable to each jurisdiction are kept up-to-date at all times and are applied in accordance with the regulatory requirements
4. Maintain ongoing awareness/knowledge of all applicable internal/external sanctions requirements and existing/emerging legal/statutory environment – identifying any issues that could impact bank

Requirements:

1. Minimum 12 years of overall banking experience, with at least 10 years of experience in the Sanctions Compliance area
2. Excellent and up-to-date knowledge and understanding of the International / OFAC / EU / UN Sanctions
3. In-depth understanding of how transactions settled globally
4. Market knowledge of IT tools/software used for customer screening and payments filtering
5. ACAMS Certified/other recognized certification
6. Good knowledge and understanding of local AML/CFT rules and legislation, and international best-practices/requirements

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