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Job Ref: 14377

JOB SUMMARY:
The candidate will report to the OFAC Officer and is responsible for monitoring and assessing compliance risks on a daily basis.

ESSENTIAL FUNCTIONS & ACCOUNTABILITIES:

  • Review cases in the Transaction Monitoring System (TMS) matches against negative lists such as OFAC.
  • Review alerts/cases generated by the TMS when rule thresholds are crossed or when questionable activity referrals are received.
  • Conduct investigations on alerts/cases that bear indicia of money laundering and related risks or those that may be a match on negative lists. This includes issuance of requests for information.
  • Prepare internal and external reports including SARs in accordance with internal policies.
  • Review adverse news database and update the log.
  • Prepare and update profiles in the TMS on customers, transaction counterparties, beneficial owners and other affiliated persons/entities in line with internal guidelines.
  • Assist the Compliance Manager or the Head of Compliance with preparation of risk assessments, etc.
  • Verify/test that changes made to negative lists are successfully uploaded to the TMS.
  • Assist the Compliance department in other activities and projects from time to time.
  • Serve as back-up to Compliance team members during absences. Cross-functional training will be provided prior to assigning such tasks.

QUALIFICATIONS:
Experience:

  • Minimum of 4 years of relevant experience.
  • Minimum of 4 years of experience using automated transaction monitoring systems.
  • Knowledge of regulations such as the Bank Secrecy Act (including the USA PATRIOT Act), OFAC sanctions programs, etc.

General:

  • Detail-oriented individual with ability to conduct in-depth research and possess strong communication skills.
  • Must be able to demonstrate strong writing capabilities.
  • Ability to work in a team environment, as well as independently.
  • Must be well-organized and capable of performing multiple tasks simultaneously.
  • Ability to prioritize and use sound judgment.
  • Excellent ability to work independently as well as part of a team.

 Education & Qualifications:

  • Bachelor’s degree required. 
  • ACAMS certification is required.

PC skills:

  • Familiarity with TMS; preferably, Prime Compliance Suite.
  • Strong working knowledge of Microsoft Word, Excel, Power Point; Lexis-Nexis,
  • World-Check, Bankers Almanac, etc.
  • Strong internet search capabilities.

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