Sanctions Alerts Specialist

Purpose of the role

To identify and conduct the appropriate analysis and due diligence on Sanctions alerts to ensure the appropriate action is taken against customers and payment activity as defined by the Sanctions Standards and Restricted Activity Matrix, ensuring that the organisation adheres to all applicable sanction’s laws and regulations and internal governance, such that client accounts are not held and transactions are not processed in breach of application laws and regulations. 

Accountabilities

• Understanding the objectives of the Global Sanctions Function and the control frameworks and embed a culture of compliance with sanctions.
• Revision of escalated cases and confirm a True Match in line with regulations/policy accurately and in a timely manner, feeding back on instances of incorrect escalation.
• Management and provision of guidance in the completion of complex sanctions investigations, ensuring that matters are correctly managed and follow appropriate escalation routes, while involving the relevant stakeholders early and fully.
• Due diligence on Payment Screening alerts to determine the appropriate treatment and next steps for the payment in line with documented procedures following the defined governance process and approvals as required.
• Escalation of Customer Screening True Matches to appropriate Business Aligned Sanctions Team for assessment.
• Identification of opportunities to drive efficiencies in the alert management process and feed these back to the appropriate team(s) to implement.

Analyst Expectations

• To perform prescribed activities in a timely manner and to a high standard consistently driving continuous improvement.
• Requires in-depth technical knowledge and experience in their assigned area of expertise
• Thorough understanding of the underlying principles and concepts within the area of expertise
• They lead and supervise a team, guiding and supporting professional development, allocating work requirements and coordinating team resources.
• If the position has leadership responsibilities, People Leaders are expected to demonstrate a clear set of leadership behaviours to create an environment for colleagues to thrive and deliver to a consistently excellent standard. The four LEAD behaviours are: L – Listen and be authentic, E – Energise and inspire, A – Align across the enterprise, D – Develop others.
• OR for an individual contributor, they develop technical expertise in work area, acting as an advisor where appropriate.
• Will have an impact on the work of related teams within the area.
• Partner with other functions and business areas.
• Takes responsibility for end results of a team’s operational processing and activities.
• Escalate breaches of policies / procedure appropriately.
• Take responsibility for embedding new policies/ procedures adopted due to risk mitigation.
• Advise and influence decision making within own area of expertise.
• Take ownership for managing risk and strengthening controls in relation to the work you own or contribute to. Deliver your work and areas of responsibility in line with relevant rules, regulation and codes of conduct.
• Maintain and continually build an understanding of how own sub-function integrates with function, alongside knowledge of the organisations products, services and processes within the function.
• Demonstrate understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
• Make evaluative judgements based on the analysis of factual information, paying attention to detail.
• Resolve problems by identifying and selecting solutions through the application of acquired technical experience and will be guided by precedents.
• Guide and persuade team members and communicate complex / sensitive information.
• Act as contact point for stakeholders outside of the immediate function, while building a network of contacts outside team and external to the organisation.

All colleagues will be expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship – our moral compass, helping us do what we believe is right. They will also be expected to demonstrate the Barclays Mindset – to Empower, Challenge and Drive – the operating manual for how we behave.

Join us as a Sanctions Alerts Specialist at Barclays, where you will be responsible for supporting the Sanctions function to review, assess and effectively disposition L5 sanctions alerts escalations thus safeguarding the bank from regulatory and reputational risk. Your role will also require you to contribute and drive the effective delivery, oversight, and risk management in Sanctions Compliance. This covers all the business units across Barclays and supports in the delivery of the Financial Crime objectives.

To be successful in this role, you should have below skills:

• Independently conclude on sanctions escalations from L1-L4, therefore essentially approve or reject payments for true or potential true hits based on sound interpretation of OFAC, OFSI, EU, and UN sanctions laws and regulations.

  
  
  

• Analyse SWIFT MT/MX messages, raise and assess RFIs, and synthesize transaction intelligence to support final defensible and regulatory compliant sanctions conclusions.

  
  
  

• Exhibit strong sanctions knowledge, attention to detail and clearly articulate to support sanctions decisions to audit or relevant authority.

  
  
  

Some other highly valued skills may include below:

• Experience of doing payment or customer screening in FircoSoft and OWS respectively or similar systems.

  
  
  

• Relevant background of working in sanctions or financial crime.

  
  
  

• Drive process efficiency and effectiveness improvements.

  
  
  

You may be assessed on the key critical skills relevant for success in role, such as experience with Sanctions Alert Advisory, as well as job-specific skillsets.

This role will be based out of Noida and might be required to support UK working hours.