Description & Requirements

Company purpose:

Our company purpose is to contribute to a responsible and sustainable economy by financing and advising clients according to the highest ethical standards.

Our employer promise is built around three pillars:

• Being a great place to work

• Committed to sustainability and having a positive impact

• Being dedicated to the development of our people

Business area

CIB UK Compliance is an independent function responsible for providing specialist advice and support to UK Senior Management, business lines and functions in adhering to internal controls and external rules and managing compliance risks.

The function typically acts as a second line of defence covering areas including; controls, assurance, monitoring, professional ethics, training and competence, whistleblowing, money laundering, market abuse, financial security and regulatory liaison.

UK Financial Security (“UKFS”) team has oversight responsibilities for; anti-money laundering (including PEPs and other high-risk clients), sanctions & embargoes and anti-bribery and corruption. The Head of UK Financial Security & UK Money Laundering Reporting Officer (MLRO) leads the team covering the following areas.

• Advisory
• AML Surveillance
• Anti-Bribery and Corruption
• Anti Facilitation of Tax Evasion
• Anti-Proliferation Financing
• Financial and Trade Sanctions
• Risk Assessment
• Investigation and intelligence
• Transversal financial security topics such as horizon scanning, training, policy.

The UKFS team performs a number of functions, which include:

• Supporting and assisting senior management with adherence to applicable laws and regulations, as well as operating to high standards of business and ethical integrity;
• Interpreting applicable laws, regulations and standards and advising london staff
• Providing training where appropriate to staff on a number of relevant laws, regulations and standards;
• Monitoring and reporting London and staff compliance with laws, regulations and standards (including where these may differ from between UK requirements versus EU laws and Group requirements.

Job Purpose

Support on all activities relating to the provision of sanctions expertise.

Support the governance and oversight framework for systems responsible for sanctions screening and filtering.

Key Responsibilities

• Support the Head of Financial Security Sanctions to ensure CIB UK has the systems and procedural infrastructure to comply with Group Sanctions Policy and UK legal and regulatory requirements.
• Serve as a subject matter expert and key contact providing guidance on the sanctions system configuration with in-depth knowledge of live transaction filtering and client name screening systems, to contribute to a robust sanctions compliance program.
• Develop and maintain relationships with key business and central technical team stakeholders.
• Deliver small-scale projects and act as key contributor for specific tasks on Sanctions & Embargoes systems in strategic and tactical projects.
• Identify opportunities to develop and improve the effectiveness of the sanctions infrastructure, governance and oversight framework.
• Provide technical Sanctions & Embargoes advice to local stakeholders and nearshored hubs
• Undertake essential team processes performed under Group and Local Sanctions Policies and procedures such as List Management, client screening and transaction screening alert processing, controls, circumvention, voluntary self-disclosure and management information
• Focus on providing analysis and interpreting results for to identify key risks and trends for the production of management information.
• Provide support to ensure the governance and oversight framework is sufficient to manage Sanctions & Embargoes filtering and screening systems.
• Assist with ensuring that local UKFS Sanctions Team procedures are up-to-date and effective
• Support on developing and providing Sanctions & Embargoes training to staff.
• Provide support/assistance to the wider UKFS and UK Compliance team on payment and financial Sanctions & Embargoes related topics.
• Attend and contribute to key industry sanctions panels.
• Ensure awareness of sanctions regulatory developments particularly those relating to UK Sanctions and consider how these may impact the UK Sanctions framework.