Head of Sanctions Compliance Unit
Bank of Beirut
مجموع سنوات الخبرة :11 years, 8 أشهر
Key Responsibilities & Achievements
▪ Develop and assist in implementation of policies and procedures (developed & implemented the Sanctions Compliance Policy & Procedures aimed for the prevention and protection of the Bank’s soundness and reputation).
▪ Identify potential areas of compliance vulnerability and risk; develop/implement corrective action plans for resolution of problematic issues and provide guidance on how to avoid or deal with similar situations in the future.
▪ Review and investigate escalated payments and/or transactions which have been identified as containing potential matches against Sanction lists.
▪ Assist in assessment of potential breaches or violations of economic sanctions and trade restrictions.
▪ Provide professional and technical support regarding all matters pertaining to the Sanctions Compliance Program.
▪ Identify changes to legislation, sanctions programs, rules or industry guidance to ensure that the Bank meets its statutory obligations and internal requirements in respect to the prevention of money laundering prevention and to ensure this is communicated effectively to management and staff.
▪ Collaborate with other Departments/Divisions (e.g., Trade Finance dept., Corporate, Correspondent Banking) on matters related to sanctions and embargoes.
▪ Participate in the training and development of the personnel to ensure operational excellence at all levels (Trained the Trade Finance personnel in Lebanon on Trade-Based AML and Sanctions Compliance procedure; Trained BOB Cyprus personnel in Cyprus on Trade-Based AML and Sanctions Compliance procedure; enhanced due diligence & investigation; Fircosoft access and usage…)
• Supervise the day to day processing / delivery of all trade services products related to the team with the primary purpose of meeting service standards and maximizing productivity of the team.
• Act as the primary point of contact for Customers for enquiries and requests.
• Follow up and meet with existing customers to ensure their continuous satisfaction from the service offered and collect any feedback/ changes they might require.
• Meet with potential new customers to present and introduce ‘’docprep’’ product.
• Assist in implementing changes to internal standards and procedures in line with development in the business.
• Participate in the training and development of Trade Services personnel to ensure operational excellence at all levels.
• Comply with Group Money Laundering Prevention Policy and Procedures to the extent applicable and reporting all suspicious transactions to the Line Manager.
• Handle customers’ portfolios and give financing approvals according to their credit line
• Verify contents of a transaction to ensure that neither customer nor Bank is placed at risk
• Verify and authorize all trade services transactions of the team.
• Verify contents of a transaction to ensure that neither customer nor Bank is placed at risk
• Organize work flow to achieve maximum productivity.
• Act as the primary point of contact for Customer Service Group and Customers for enquiries / problem resolution
• Monitor and report to Senior Manager, Trade Services all irregular items with a view to take corrective action for timely liquidation of such items.
• Enhance morale of staff under direct control.
• Comply with internal operating procedures as per Procedures Manual and other Group Policy standards.
• Preparation, issuance, amendment, acceptance, and settlement of letters of credit, documents study, Reimbursement files, Oil L/Cs. Stand-by L/Cs
• L/C analysis in accordance with letter of credits terms and conditions and money laundry-fraud awareness
• Preparation of banks’ positions in order to proceed with L/C issuance
• Work with high degree of accuracy and attention to details
• Excellent communications skills with the ability to proactively develop relations with clients
• Good knowledge of UCP600, ISBP 681, Incoterms 2010
• Timely preparation of all required documentation for export/import function
• Ensure that export process is in compliance with company and industry quality assurance standards (ISO, Customs, etc.)
• Initial setup of export shipment, booking & coordination of most cost effective and efficient means to export goods within customer’s requirements with airlines, shipping co’s and truckers.
• Billing of services by creating accurate invoices.
• Ensure the customer is provided excellent service throughout the process including quick response to inquiries and problem resolution as well as follow up.