What are the responsibilities and job description for the Sanctions Analyst position at New York Community Bank?
Job Summary
Pay Range : $24.36 - $34.62 - $44.87
Job Responsibilities :
Pay Range : $26- 42 / hr
JOB SUMMARY
The Sanctions Analyst is responsible for maintaining certain aspects of the Bank's BSA / AML compliance program and assists in meeting and maintaining BSA / AML compliance requirements of the Bank. Complies with all applicable, federal and state laws, regulations and guidance, including those related to Anti-Money Laundering (i.e. Bank Secrecy Act, USA PATRIOT Act, etc.), as well as adhering to the Bank’s policies and procedures to reduce loss / risk to the Bank.
Assigned to a team that is responsible for ensuring that the Bank is in compliance with all OFAC Sanctions as well as monitoring for various other requirements. The primary responsibilities are to conduct searches, review, and report any positive matches in a timely and accurate manner. The job includes; the review of wire transfers for potential matches with terrorist suspect lists, research of potential OFAC hits, and review scanning results of accounts for potential matches with terrorist suspect lists. In addition, the analyst monitors; OFAC Alerts clearance for new accounts, IAT, wires, Monetary Instrument Logs, Loan Logs and periodic bank-wide monitoring.
JOB RESPONSIBILITIES
- Responsible for the overall daily review, investigation and clearance of all potential sanction matches including new accounts, wires, ACH.
- Escalate potential sanctions matches to senior colleagues.
- Engage in additional assignments as directed by management. Attend and participate in team / department staff meetings and continuing education training. Acquire knowledge and maintain currency of all compliance, regulatory, and business unit policy, standard and procedure requirements associated with the job. Ensure compliance with applicable federal, state and local laws and regulations. Complete all required compliance training. Maintain knowledge of and adhere to internal compliance policies and procedures. Take responsibility to keep up to date with changing regulations and policies.
ADDITIONAL ACCOUNTABILITIES
JOB REQUIREMENTS
Required Qualifications :
Job Competencies :
Flagstar is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identify, or national origin.
Salary : $24 - $35
