Our client, a Global Investment Bank, is seeking an OFAC Analyst in their New York, NY location:

What You’ll Do

• Support Bank in protecting from legal, regulatory and reputational risk with regard to business involving sanctioned entities and/or countries.
• Diligently investigate payment messages escalated from Regulatory Filtering Operations to US Sanctions Compliance for potential sanctions, AML, or policy violations.
• Accurately apply OFAC and EU regulations and policy to payment messages and coordinate significant issues requiring further escalation within Anti-Financial Crimes and across business and operations.
• Monitor the regulatory situation in the region, and assist in ensuring significant events impacting the bank are addressed as need be.
• Interface with client service officers on transaction-related requests and decide on these in full compliance with all applicable sanctions regulations as well as the policies and procedures.
• Identify and escalate issues which are not addressed by current policies or standards, draft and implement possible solutions.
• Maintain and manage internal watch lists, and coordinate with Regulatory Filtering Operations in the timely and accurate implementation of all watch lists.
• Assist in timely maintenance of records in accurate and auditable format.
• Support sanctions-relevant reporting obligations involving countries in the region to the competent authorities.
• Assist in the collection of information in response to law enforcement, regulatory, or internal inquiries.
• Knowledge of Sanctions laws/regulations to provide guidance to business and compliance staff
• Report any risk relating to the duties and responsibilities described hereunder and any event or incident that is capable of creating or constituting such a risk to the Head of Sanctions Compliance

Skills You’ll Need

• BA/BS required. JD/Masters preferred.
• Past experience in AML or Sanctions Compliance and operations in a Global Financial Institution, Transaction Monitoring/Transaction Filtering, Name List Screening, etc. highly desirable.
• Strength in U.S. economic sanctions regulations.
• Proficiency Microsoft Excel and PowerPoint.