Sanctions Analyst

Overview

Sanctions Analyst

Reporting Relationships:

Position Reports to (Title):  OFAC Compliance Officer

Positions Supervised (Title):  N/A

Position Description/Overview: Sanctions Analyst who has extensive knowledge in BSA/AML Compliance and Sanctions.

Must be detail oriented, diligent and able to work under pressure.

A Sanctions analyst is responsible for –

• Conducting sanctions screening of real time transactional hits in E-gifts for potential sanctions violations;
• Investigating non-obvious false positives, true positive hits, and escalating for further review and approval;
• Perform ad-hoc screenings to include vendors, 3rd party payees, etc.;
• Perform periodic screening of customers, beneficial owners, and connected parties;
• Reviewing and screening trade finance related documents (including red-flags);
• Ensuring policies and procedures are adhered to on a daily basis;
• Aiding in reconciliations, lookbacks, and remedial efforts related to daily screening activities;
• When necessary, performing analysis and developing a deeper understanding of AML/OFAC requirements and implications.
• Provide training to branch staff on Sanction related topics.
• Point of contact with internal audit and regulators on audit and examination requests.
• Assist the OFAC Compliance Officer when needed.

Job Requirement

• BS or BA degree with 2 to 3 years working experience in Sanction Screening.
• Knowledge of the BSA/AML regulatory environment;
• Experience using compliance related software applications;
• Experience using excel, outlook, PowerPoint, word;
• Knowledge of, or the ability to learn quickly, SWIFT and Fedwire standards;
• Sense of urgency;
• Organized;
• Superior written and verbal skills in order to communicate with supervisor and fellow staff.
• Able to adapt and use branch’s Sanction Screening system quickly.