Job description
Sanctions Analyst , OFAC
Summary
The successful candidate is responsible for reviewing and analyzing escalated OFAC alerts related to various types of transactions, i.e. Domestic and International Wire payments, Swift payments, IAT/ACH and Securities that alert from the sanction screening system. Additionally, this individual will investigate and make accurate decisions on appropriate actions to take to determine if the transactions are permissible under Office of Foreign Asset Control (OFAC) and/or any other applicable jurisdictional Sanctions program.
Major Duties
- Review and action OFAC alerts that are escalated to the Level II team. This requires completing thorough write ups and/or requesting additional details when needed.
- Perform Quality Control Reviews on areas that perform sanction screening reviews, to assure compliance with applicable regulatory requirements and adherence to internal policies/procedures.
- Identify any Compliance Sanction Risks associated with the Company’s activities.
- Collaborate with team members and internal partners as needed related to OFAC matters.
- Work on Special projects as assigned.
- Participate and complete required training, ie. Departmental new hire, industry, and corporate.
- Collaborate with Sanction Compliance team with respect to sanction changes and impact to sanction screening process of SWIFT messages, Security transactions, and wire payments.
Knowledge/Skills
- At least 1 year of OFAC Sanction’s role.
- Knowledge of applicable U.S. Sanctions laws and regulations, usually acquired through formal education or experience, is preferred.
- Experience working sanctions filtering application is a plus.
- Knowledge and/or previous experience with wire transactions, including understanding SWIFT payments are a plus.
- Organizational skills required to coordinate compliance activities and training.
- Excellent oral and written communication skills are required.
- Strong technical skills and knowledge of transaction processing systems is preferred.
- Ability to proactively and independently research, gather evidence for compliance documents.
- Ability to learn and handle an abundant amount of information as it relates to Sanctions activities performed.
Work with us:
We work hard to create an inclusive environment where every individual feels respected and empowered to play a critical role in our success. But we also believe balance isn’t just important – it’s essential. That’s why we offer a robust set of benefits that allow for both a compelling career and a fulfilling life:
Financial – Life Insurance, Disability Plans, Pension/Gratuity, Annual Pay Review
Work-Life Balance – Flexible Work Options, Incremental Annual Leave, Paid Community Volunteer Days
Professional Development – Career Paths, Educational Assistance, Recognition Program, NT University, and employee-led Business Resource Councils dedicated to an inclusive culture
Health & Well-being –Medical Insurance, Active Sports & Social Clubs (lunchtime and after-work groups), Employee Assistance Program
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#Hybrid
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