Overview

RESPONSIBILITIES:

Assist the Sanctions Team Leader in managing and maintaining all aspects of the Branch’s OFAC program in accordance with applicable laws and regulations and the Branch’s policies and
procedures.  On a day to day basis, review and analyze OFAC inquiries and potential hits to either clear them or request a second level review; specifically, the OFAC Analyst is expected to:

  • Maintain and oversee processes and controls to maintain an effective sanctions program.
  • Identify areas of risk and work with business units to identify control gaps, provide remediation
    and work on implementation.
  • Process Level 1 Alerts and Cases in the Branch’s workflow tools (Fircosoft and Bridger)\
    • With the understanding that, based on level of experience, user may act as Level 2
  • Review and analyze Fin CEN 314(a) inquiries and potential hits.
  • Ensure that the OFAC filter is sufficiently and effectively functional to detect high risk transactions. This includes executing tasks to ensure filters are updated
  • Support MIS reporting
  • Interpret data, identify and conduct thorough investigations of potential sanction violations, and support OFAC Blocking and Reject Reports for review and filing by management.
  • Maintain area documentation including procedures and manuals.
  • Execute application testing under a project scope.
  • Help to remediate Internal Audit issues and/or regulatory action findings as assigned.
  • Attend mandatory and recommended compliance training

KNOWLEDGE AND EXPERIENCE REQUIREMENTS:

  • B.A. degree supplemented by appropriate special training or experience in OFAC compliance
    and the USA PATRIOT Act.
  •  Experience in a similar role (experience with international bank is preferred).
  • Experience with BSA/AML/OFAC software.
  • Successful completion of outside OFAC/Sanctions training seminars is a plus. 􀀀 Former
    experience with a regulatory agency is a plus.
  • Two years of experience in either funds transfer or sanctions operations

CAPABILITY REQUIREMENTS:

  • Proven experience in working in a team environment and seen as a strong team player.
  • Strong organizational, analytical and communications skills.
  • Able to prioritize and multi-task, demonstrates flexibility and adaptability.
  •  Able to make good decisions with a keen sense of judgment.
  • Able to manage time and work independently.
  • Possess the cultural sensitivity to work as part of an international bank, and demonstrate the
    reliability, patience and thoughtfulness to build effective relationships and earn respect

JOB DIMENSIONS:
No direct reports nor supervisory responsibility.