Manager Sanctions Advisory, GSC Cairo

Why join us?

The Job holder supports Senior Management in meeting their regulatory obligations by providing an active support in the implementation of Sanctions policy in compliance the UAE Central Bank regulations, HSBC Group’s Global Policies and Principles and international standards.

The Opportunity:

The jobholder assists the MENAT Head of Sanctions to; identify and contain Sanction compliance risks, foster a compliance culture in the Bank, optimize relations with the Regulators, protect the reputation of the Group and comply with applicable Group policies and standards and local laws and regulations to prevent criminal sanctions.

In the execution of Sanctions duties, the job holder must independently handle the tasks assigned to him/her and be able to take decisions on matters within their designated authority. The job holder must be able to independently analyze and critically evaluate the responses received without much supervision and escalate as appropriate.  The person will be responsible for the providing Sanctions guidance relating to their assigned area of responsibility to the relevant business areas and country Compliance within the MENAT countries.

What you’ll do: 

• Support Management in meeting HSBC’s regulatory and Group requirements on and Sanctions risk by managing and coordinating Sanctions Compliance for the UAE and MENAT region countries.
• Reviewing any new/amended material laws, rules and regulations and Group Policies, assess their applicability to the business areas and guide the business accordingly ensuring all appropriate processes and procedures are amended to comply.
• Assisting MENAT Head of Sanctions and country Compliance teams in their responsibility for complying with all relevant Laws, Rules, Regulations and Group policies related to sanctions.
• Providing guidance and training to Compliance investigators on escalated alerts with greater complexity, as well as guidance to FCI / business areas on sanctions risk and exposure related to customer account opening and transactional activity in more complex situations.
• Conduct sanctions advisory reviews on customer relationships to assess their sanctions risks and provide recommendations to mitigate and control the risks.
• Arrange for Customer Sanctions Risk Approvals for the clients which are identified to have sanctions exposure within HSBC’s risk appetite.
• Raise exceptions through IRIS reporting system and make decisions on reporting to senior management. Ensure a review all cases on a quarterly basis and provide updates where necessary or close cases where action completed.
• Support efforts to proactively drive the KYC improvements to support sanctions compliance.