Senior Sanctions AML Specialist (Financial District)

Senior Sanctions AML Specialist (Financial District)


A top tier investment bank downtown is seeking a 4-5 year plus Sanction Specialist to join their AML team. This position works hands on with fraud department aswell.

Responsibilities
Maintain and oversee a local sanctions program designed to meet requirements imposed by OFAC and the global sanctions policy;
Provide timely advice and guidance to all appropriate business units for OFAC concerns;
Provide subject matter expertise to the global sanctions office for OFAC and U.S. specific sanctions;
Maintain OFAC Call Log;
Establish policy and minimum procedures to ensure compliance with OFAC filtering and reporting requirements for all business units;
Ensure centralized reporting within the U.S. for possible OFAC hits and dispositions;
Keep abreast of Head Office directives, OFAC sanctions, relevant EU and OSC Sanctions and respective reporting requirements;
Be the central point of contact for CBNA OFAC related escalations;
Seek guidance directly from OFAC as necessary;
Responsible for timely OFAC reporting (i.e.: Annual Blocked Property, Blocked or Rejected Transactions);
Develop and provide sanctions related training for employees;
Reassess OFAC risk controls for business and product lines at least every 24 months, or as required by circumstances;
Ensure appropriate escalation of serious sanctions related matters to the Head of AML Advisory;
Keep management abreast of important initiatives and changes by U.S. authorities and regulators;
Provide support and assist with Fraud related matters and functions;
Provide support and assist with client due diligence and enhanced due diligence functions;
Miscellaneous responsibilities as required.

Requirements
Minimum of Bachelors' Degree
Minimum 5 years of experience in Sanctions (primarily OFAC)
Strong practical knowledge of laws applicable to money laundering, including the Bank Secrecy Act, USA PATRIOT Act, US Treasury AML guidelines, OFAC requirements and Suspicious Activity Reportin
Good organizational, communication (oral and written), investigative and administrative ability
Able to function independently and as part of a team

• Compensation: 125k range
• Principals only. Recruiters, please don't contact this job poster.
• Please, no phone calls about this job!
• Please do not contact job poster about other services, products or commercial interests.