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Job Ref: 14402
Salary: $0 – $
OFAC/Sanctions Analyst
3 to 4 Month Contract. Possibly Longer
Hybrid mix of remote/In-office.
DESCRIPTION:
Experienced Compliance Analyst to help in maintaining the bank & compliance with applicable rules and regulations, including but not limited to: OFAC Sanctions, BSA and USA Patriot Act.
REQUIREMENTS:
- Bilingual (good command of written and spoken Spanish and English language a must).
- Knowledge of OFAC sanctions regulations.
- Computer proficient.
- Good organizational skills.
- Strong analytical/quantitative skills
- Strong research skills
- Strong sense of urgency, accuracy and accountability; responsive to time sensitive needs
- experience within Financial Services, Compliance, Correspondent Services
MAIN RESPONSIBILITIES:
- Review in-process transactions flagged by the OFAC filter for review; ensure correct handling of true hits.
- Review alerts from FinCEN, OFAC and other US Gov & agencies to ensure compliance.
- Maintains ongoing contact with Spanish speaking customers. Contact customers requesting certifications or additional information for investigations.
- Provides timely updates to the applicable areas of internal bank policy changes, new regulatory compliance requirements, changes in regulations and market practices.
- Collaborate with the maintenance of the different Sanctions lists (OFAC SDN, EU and UN) and Internal Watchlists utilized by the Branch.
- Prepare OFAC blocked property reports, reject reports; maintain OFAC- related logs and documentation for audit, regulatory or other review.
- Participates in system testing and implements system upgrades to ensure the integrity of systems and processes for transaction monitoring
- Opening, follow up and closing of investigations.
- Obtain independent information from public sources.
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