Sanctions Specialist

Soho Square Solutions; Montreal (administrative region); On-site; CAD 65,000 - 90,000; Full time

Job summary

Soho Square Solutions is seeking an Operations - Sanctions Specialist in Montreal to perform Level 2 OFAC reviews and investigate payments for regulatory compliance. The role involves cross-functional collaboration with U.S. and Group teams to ensure timely follow-ups and adherence to policies.

The candidate will have 2–3 years in sanctions investigations, strong regulatory awareness, and excellent communication and MS Office skills. On-site position with focus on compliance and reporting.

Qualifications

• Associate/BA degree from an accredited college or university.
• 2–3 years’ experience in OFAC and sanctions investigations.
• Strong regulatory awareness and understanding of governing regulations.
• Knowledgeable of OFAC processes and procedures; funds transfer rules.
• Excellent communication, attention to detail and accuracy.
• MS Word, MS Excel, MS Outlook, MS PowerPoint skills.

Responsibilities

• Perform Level 2 reviews of OFAC exception queue transactions to meet deadlines.
• Investigate payments held for regulatory reasons and follow up on cases.
• Collaborate with U.S. teams, Group Financial Services, Legal and Treasury as needed.
• Ensure escalated transactions comply with external and internal regs.
• Validate vendor uploads and update filtering lists accurately.
• Ensure payments align with BNP Paribas policy on payment transparency.
• Contribute to BNPP operational permanent control framework.
• Prepare and analyze reports; propose procedural improvements.

Skills

OFAC sanctions investigations

Regulatory awareness

Communication skills

Attention to detail

Multi-tasking

MS Word

MS Excel

MS Outlook

MS PowerPoint

Education

Associate/BA degree

Tools

CHIPS

Fedwire

SWIFT

LYNX

ACH

Job description

Job Title: Operations - Sanctions Specialist

Responsibilities

• Perform a Level 2 review of transactions that are referred to the OFAC Exception queue for potential sanctions violations and manage the queues in order to ensure our deadlines are being met
• Conduct investigation on payments that need to be held for regulatory reasons pending additional information and monitor case investigations to make sure that proper follow-ups are being made and responses are being addressed in a timely manner. Analyze information obtained from case investigations to make a clear determination on the proper course of action to be taken on the payment
• Work closely with the U.S. and Group Financial Services, Legal and the Treasury in performing wire transfer searches or handling regular case investigations when deemed necessary
• Ensure that all transactions escalated for Level 2 review are compliant to all external and internal regulations and policies
• Validate vender added file uploads to our filtering systems to ensure that list changes, additions or deletions are updated to the systems accurately and add/modify/delete entities to the local list as requested by the USFS tea
• Ensure all payments comply with BNP Paribas group payment transparency policy
• Make direct contribution to BNPP operational permanent control framework
• Prepare and analyze various reports as neede
• Make recommendation for procedural changes where deemed necessary

Minimum Required Qualification

• Associate/BA degree from accredited college/university
• 2 – 3 years’ experience in OFAC and Sanctions investigation
• Strong understanding of Regulatory awareness, and the regulations that govern it
• Proficient knowledge and understanding of the OFAC processes and procedures
• Knowledgeable of Funds Transfer operations as well as the rules and regulations that govern it
• (This will include CHIPS, Fedwire, SWIFT, LYNX and ACH)
• Excellent communication, verbal and written skills, as well as, attention to detail and accuracy
• Self-motivated and ability to multi-task in a high-volume and fast-paced environment
• The candidate must possess knowledge and basic understanding of MS Word, MS Excel, MS Outlook, MS PowerPoint