Location
Chennai | India
Job description
Company Brief
House of Shipping is a leading provider of business consultancy and advisory services to clients in the shipping and logistics industry.
House of Shipping is recruiting for a Sanctions Desk.
Job purpose
Assisting the company with worldwide sanctions and anti-money laundering (AML) compliance, including OFAC reporting, USA Patriot Act compliance, and third-party due diligence, is the role of the sanction analyst. This position is for applicants who are motivated by working on high-profile topics and who want to play a significant part in ensuring that sanction screening is carried out to the highest standard within the company. High performers in this position will be exposed to a variety of networks and stakeholders in sanctions, as well as further insight into sanction screening.
Main tasks and responsibilities
- A Sanctions Screening Analyst will help to make sure that transactions and shipment screenings against sanctioned companies are efficient.
- Conducting data analysis, recommending mitigation measures, and proactively putting up workable ideas to lower the number of 'false warnings' produced by the automated screening tool.
- Serving as a Sanction Screening Subject Matter Expert by having a thorough understanding of sanctions and how they apply to transactions (SME)
- When necessary, do an analysis and get a better grasp of the implications and requirements of AML/OFAC.
- Ensuring that policies and procedures are followed every day.
- Performing ad-hoc screenings to include vendors, third-party payees, etc.; Conducting sanctions screening of real-time movement of goods and services for suspected sanctions violations.
- Conduct routine screenings of clients, beneficial owners, and associated parties.
- Reviewing and vetting documentation relating to trade financing (including red flags).
- Adhere to operational guidelines for addressing sanctions alerts, including recording the justification for the decision.
- Perform analysis of probable matches against sanctions lists notified by customer and transaction sanctions screening.
- When further information is needed to review sanctions lists, communicate with the internal team.
- Alerts that might become necessary for reporting should be escalated.
- Work together with our Product team to improve automated sanctions screening risk methodology, lower the number of false positives, lower the likelihood of sanctions, and reduce sanctions risks.
- Work as a team player to provide excellent customer service, going above and beyond when necessary.
- knowledge of the shipping process from booking to loading list to delivery that is relevant.
- Working knowledge of appropriate regulated, risk-focused, and data analytics contexts
- It is crucial to comprehend sanctions and how they operate.
- prior expertise in providing exceptional customer service.
- surpassed objectives and accomplished goals while assisting and motivating others to achieve the same.
- Efficacious time management skills, awareness of their obligations, and a commitment to carrying them out in a timely manner.
- A thorough knowledge of the legal and compliance frameworks governing shipping services, as well as experience operating within them (OFAC, SDN list, Sanctions countries list).
Background and experience
- Minimum 5 Years of working experience in Sanction Screening.
- Previous experience in internal Audits / Control and Ethics team preferable.
- Excelled in driven cross-functional collaboration to ensure satisfaction and time - deliverance.
- Taken an active role in internal as well as external meetings together with the associated parties for clarifications.
- Drive process efficiency and best practice sharing.
- Experience using compliance-related software applications.
- Able to adapt and use the country's Sanction Screening system quickly.
- Sense of urgency; Organized.
Competencies and skills
- Graduate and/or proven experiences in business in handling DG cargo vessels.
- Very good communication skills verbal and in written English.
- Ability to work in a team environment.
- Ability to interact with all levels of staff and personnel.
- Ability to sit or stand for long periods of time, as well as bend, kneel and lift cumbersome and/or heavy objects.
- Ability to work prolonged and/or irregular hours as needed.
Job tags
Salary
