Sanction Officer

HALA is a leading fintech player in the MENAP region that aims to redefine financial services and build the future bank of SMEs. HALA aims at empowering SMEs to start, run, and grow their businesses by providing them with cutting-edge financial and technological tools.

HALA currently holds multiple entities in UAE, Saudi Arabia and Egypt (including HALA Payments and HALA Logistics) and offers solutions that enable merchants to digitize their payments as well as manage their sales and operations.

Founded in 2017, HALA is currently licensed by the Saudi Arabian Central Bank.

Job Summary:

At Hala, the main responsibility of the Sanctions Officer is to conduct sanctions screening and investigations to identify potential sanctions matches, ensure timely regulatory compliance, support transaction monitoring and account controls, and maintain accurate documentation in accordance with internal policies and regulatory requirements.

Job Responsibilities:

Conduct sanctions name screening for new customers, existing customers, transactions, employees, and third parties.

Analyze alerts generated by screening systems and assess the level of match (False Match / True Match).

Conduct necessary investigations for potential matches and gather supporting evidence and information before escalating to the Sanctions Manager.

Execute instructions to stop or suspend transactions when required.

Update screening records and ensure complete and accurate documentation.

Implement freezing or temporary blocking of transactions or accounts upon confirmed matches, in accordance with approved policies and procedures.

Update and review approved sanctions lists within the system and ensure that any regulatory updates are reflected in a timely manner.

Maintain strict confidentiality of information related to sanctions cases.

Support the execution of requests from competent authorities related to specific sanctions cases, in accordance with approved authorities.

Contribute to the reduction of false positives by providing practical feedback to enhance screening criteria and parameters.

Conduct periodic rescreening of existing customers upon updates to sanctions lists or changes in customer data.

Support sanctions screening system effectiveness testing by reviewing samples and validating match results.

Bachelor’s Degree in Law, Finance, Business Administration or equivalent fields of studies

The education levels can be replaced by years of experience

2–4 years of experience in AML/CTF and sanctions

Self-Actualization & Fulfilment: Proficiency Level – INTERMEDIATE

Team Synergy & Development: Proficiency Level - INTERMEDIATE

Entrepreneurial Mindset & Drive: Proficiency Level - INTERMEDIATE

Business Acumen & Diligence: Proficiency Level - INTERMEDIATE