Are you dedicated, curious and enthusiastic about sanctions compliance? Investigative and solution oriented? Then you may be exactly what we are looking for.
NORDEN is looking for a Sanctions Risk Analyst to join the Risk Management team. The team consists of 13 passionate people situated in Copenhagen, with a wide range of backgrounds covering mathematics, statistics, physics, finance, compliance and shipping. Our overall responsibility is to identify, measure and monitor market risk, credit risk, sanctions risk and liquidity risk, and we also manage the overall bunker market risk.
Complying with sanctions regulations in the complex world of shipping requires a multifaceted approach, as we during a normal year deal with thousands of different counterparts in nearly all countries around the world. We therefore have a dedicated sanctions risk team under Risk Management, currently comprised of two people that combine their shipping understanding, sanctions regime and legislation insight with market leading screening tools to ensure a culture of sanctions compliance throughout our organization.
“NORDEN has no tolerance for sanctions risk, thus at times it can be like balancing on a knife’s edge reviewing different sanctions regimes in order to identify areas of opportunities where NORDEN will not be in breach of sanctions, but still be able to offer business to our customers and thus creating additional value for the trading floors”, says Flemming Dahl Jensen, Sanctions Compliance and Security Officer
The Sanctions Risk Analyst is a job where understanding of Sanctions regulations is essential. The focus of the role will be managing sanctions risk, and one of your primary responsibilities will be to stay updated in the field of sanctions and maintaining an overview of all relevant sanction laws and regulations. Furthermore, you should stay updated on sanctions compliance guidelines issued by authorities and/or P&I Clubs.
Other tasks will include:
- Actively engage and assist trading floor with the daily sanction screening of vessels and parties and advise on risks and mitigation of the screening results
- Perform sanction screening of voyage or commodities/cargoes to advise on the risk and mitigation, and whether the commodity is restricted or permitted
- Manage, monitor, and comply with country specific approval processes for dealing with highly sanctioned countries and other sanctioned countries
- Provide advice and guidance to other teams and key stakeholders – regionally and globally, on new sanctions regulations and their possible impact on business
- Drafting internal policies and procedures, material for trainings and meetings, and arrange and conduct sanctions compliance training for relevant staff
- Perform throughout investigations to assess breaches of sanctions
- Liaise with Business Units, P&I Clubs, Industry Organizations, and authorities
We are looking for a new colleague who has a disciplined and structured approach. You have a prominent level of personal integrity and always search for the best solution with respect to all known aspect of the case. Others will describe you as having a curious personality and an investigative mindset. You have a good understanding of the situation and sense of urgency.
If you are a fresh graduate and have an understanding of sanctions regulations or have a few years of operational compliance experience - and you carry the passion for Sanctions Compliance - this role is the perfect match for you.
NORDEN is a leading shipping company within dry cargo and product tankers and an integrated part of the global commodity trade. With 12 offices across 6 continents, we combine global expertise and local insights to deliver reliable, safe and efficient solutions to our customers all over the world, enabling smarter global trade.
Operating at the heart of global trade, we are committed to decarbonizing the global supply chain, becoming industry leaders within diversity, equality, and inclusion, while taking a firm stance on all forms of corruption.
Please upload your application, resume and relevant diplomas via our website as soon as possible and no later than 30 June 2022. We review applications and interview candidates on a continuous basis.
NORDEN values diversity in thought, educational background, and professional competencies and therefore encourage all qualified individuals to apply for the position.
If you have any questions, please contact Flemming Dahl Jensen, Sanctions Compliance and Security Officer, at email@example.com. We look forward to hearing from you.
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