To oversee and assess transactions which have been escalated by the First Line of Defense Payment Screening Operations team, as transactions with possible Sanctions, Proliferations or Terror Financing risk exposure. To determine whether the payment is permissible or not when considering the applicable Sanctions regulations, the Banks’s risk appetite and Policies. This position requires a meticulous approach to handling payment data, ensuring accuracy in recording, verifying data and attention to detail in supporting documents. Use their expertise in analyzing payment trends and identifying discrepancies to safeguard against errors and possible regulatory or policy breaches.

RESPONSIBILITIES

Investigate and assess escalated payment transactions for sanctions, proliferation and or terror financing risk, and revert to the Payment Operations Team with a decision post considering regulatory requirements and policy requirements.

Generate and distribute detailed reports on payment activities which were assessed in the month for Key Risk reporting.

Identify and highlight trends, anomalies, and areas for improvement in the payment process and any emerging risks in the payment’s activity.

Ensure compliance with Sanctions, Proliferations and Terror Financing related regulations and related company policies. Furthermore, ensure that compliance to requirements such as Trade Finance and relevant Financial Crime risk requirements or other Compliance requirements.

Develop and maintain relationships with internal payment processing stakeholders, and with relevant business stakeholders.

Ensure timely assessment of escalated payments and effectively monitor and maintain a clean que on the escalations daily, to avoid client complaints on the closure of queries submitted.

Monitoring of payments as part of risk management and payment processes to determine whether there are thematic risks or gaps to be addressed or possible opportunities to introduce efficiencies to the overall payment’s environment.  Participate in up-and-coming efficiencies and new systems or process being implemented.

Participate in internal audits related to payments, providing necessary documentation and explanations to auditors to support the audit process.

Education

Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)