Job Summary:

At Hala, the main responsibility of the Sanctions Officer is to conduct sanctions screening and investigations to identify potential sanctions matches, ensure timely regulatory compliance, support transaction monitoring and account controls, and maintain accurate documentation in accordance with internal policies and regulatory requirements.

Job Responsibilities:

• Conduct sanctions name screening for new customers, existing customers, transactions, employees, and third parties.
• Analyze alerts generated by screening systems and assess the level of match (False Match / True Match).
• Conduct necessary investigations for potential matches and gather supporting evidence and information before escalating to the Sanctions Manager.
• Execute instructions to stop or suspend transactions when required.
• Update screening records and ensure complete and accurate documentation.
• Implement freezing or temporary blocking of transactions or accounts upon confirmed matches, in accordance with approved policies and procedures.
• Update and review approved sanctions lists within the system and ensure that any regulatory updates are reflected in a timely manner.
• Maintain strict confidentiality of information related to sanctions cases.
• Support the execution of requests from competent authorities related to specific sanctions cases, in accordance with approved authorities.
• Contribute to the reduction of false positives by providing practical feedback to enhance screening criteria and parameters.
• Conduct periodic rescreening of existing customers upon updates to sanctions lists or changes in customer data.
• Support sanctions screening system effectiveness testing by reviewing samples and validating match results.