OFAC Sanctions Analyst

Responsibilities:

• The Sanction Analyst role is responsible for assisting and supporting the Sanction Compliance Officer and Assistant Compliance Officer in his/her role in managing, administering and coordinating the Sanction Program.

• Provide and maintain a compliant working environment by adhering to all laws, regulations and ethical standards and to lead by example

• Keep up with changing regulations in OFAC and BSA necessary in the completion of tasks

• Conduct customer screening, trade finance screening, and other Sanction related screening

• Serve as Level 1 reviewer of Sanction related items

• Informs the Assistant Compliance Officer of any potential regulatory compliance shortfalls within the Sanction Program

• Opines on any new regulatory pronouncements or changes and impact they may have on the Branch or Bank

• Draft inquiries in ICSWeb for OFAC investigations

• Assist with the annual regulatory examinations

• Collect Daily/monthly Statistics for MIS reporting to report to management

• Act as back up for list verification when Sanctions Technology Management Team is shorthanded

• Performs other compliance related duties as required

• Act as risk managers with the responsibility for identifying, acting on and escalating risks and are held strictly accountable for the failure to discharge their risk management duties.

• Be responsible for demonstrating risk awareness by following all policies, procedures, and internal control in their daily routine.

Education and Experience Requirements:

• Bachelor’s degree

• 1-3 years in Sanctions Compliance field

Skills and Knowledge:

• Familiarity with U.S. Laws and Regulations

• Superior written and verbal skills in order to communicate with senior management and staff

• Able to provide training to staff on Sanction related topics

• Able to comprehend changes to laws and regulations including reporting impact of changes to senior management

• Must be computer literate especially usingWord, Excel and PowerPoint