Financial Crimes Sanctions Analyst II

Truist; Charlotte (NC); On-site; USD 65,000 - 90,000; Full time

Benefits offered by this job

Medical benefits

401(k) plan

Paid vacation and holidays

Life insurance

Job summary

Truist is seeking a dedicated sanctions investigator to timely review and disposition alerts related to clients, transactions, and trade documents. You will collaborate with senior Relationship Managers and branch teams to gather information and ensure compliance with OFAC and other sanctions laws.

The role requires a college degree, 4+ years of relevant experience, and strong communication skills. Training will be provided to maintain up-to-date knowledge of sanctions regulations and industry

Qualifications

• Understanding of OFAC and U.S. sanctions regulations.
• Experience conducting sanctions investigations in financial services.
• Strong written and verbal communication skills.
• Ability to work independently under time constraints.
• Proficiency with Microsoft Office applications.

Responsibilities

• Conduct timely investigations and dispositions of sanctions-related alerts.
• Gather client information from Relationship Managers and branches.
• Serve as contact for internal sanctions questions.
• Apply analytical skills to decide on disposition of alerts.
• Use research tools to assess sanctions risk and exposure.
• Maintain knowledge of current and proposed sanctions laws.
• Participate in sanctions and AML/CFT training programs.
• Stay aware of events and trends affecting sanctions risk.

Skills

Sanctions knowledge

Analytical thinking

Written communication

Team collaboration

Investigative research

Education

Bachelor's degree

Master’s degree or related certification

Job description

Regular or Temporary: Regular Language Fluency: English (Required) Work Shift: 1st shift (United States of America)

Responsible for timely investigations of transactions, trade, and client relationships to ensure consistency with applicable sanctions laws and regulations.

Requires a strong technical understanding of U.S. economic and financial sanctions (primarily OFAC).

Essential Duties and Responsibilities

1. 1. Conduct timely investigations, analysis, and disposition of economic and financial sanctions-related alerts for clients, transactions, trade documents, and other business unit activities to support Truist’s compliance with applicable sanctions laws and regulations.
2. 2. Communicate with senior Relationship Managers, senior branch associates and other teammates as needed to gather additional client information to support investigations.
3. 3. Serve as a point of contact for internal sanctions-related questions and support.
4. 4. Apply critical thinking and analytical skills to make well-supported decisions relative to the alert type, follow-up, and disposition.
5. 5. Use various research and screening tools to assess sanctions risk and exposure.
6. 6. Maintain strong knowledge of applicable current and proposed sanctions laws and regulations.
7. 7. Participate in regular sanctions and AML/CFT training that may include webinars, periodicals, and self -study to maintain timely understanding of sanctions and AML laws and regulations.
8. 8. Keep aware of national and world events and industry trends relating to sanctions compliance to mitigate potential sanctions risk to Truist.

Qualifications Required

1. 1. College degree.
2. 2. At least four years of relevant experience at a financial institution or relevant government agency.
3. 3. Understanding of U.S. economic and financial sanctions regulations and laws (particularly OFAC) and experience assessing economic and financial sanctions regulations with specific fact patterns.
4. 4. Ability to understand and execute detailed procedures, policies, and regulations that govern the department.
5. 5. Ability to work collaboratively with a team to provide sanctions compliance advice to business units with respect to applicability of policies and implementation of the economic sanctions program and regulatory changes.
6. 6. Ability to work independently, under time constraints, and manage time efficiently and effectively.
7. 7. Strong verbal and written communication skills; ability to communicate effectively with senior Global Sanctions leadership, business unit managers and external entities.
8. 8. Ability to liaise among internal teams, external business units and other stakeholders.
9. 9. Strong skills in investigative research and documentation.
10. 10. Demonstrated analytical and critical thinking skills with the ability to identify and define issues, establish facts, analyze moderately complex information, and develop substantiated conclusions with minimal supervision.
11. 11. Demonstrated proficiency in basic computer applications, such as Microsoft Office software products.

Preferred Qualifications

1. 1. Master’s degree or related industry certification. Experience explaining sanctions regulations to non-technical audiences.

Benefits

• All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position.
• Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates.
• Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during the first year of employment, along with 10 sick days (also prorated), and paid holidays.
• For more details on Truist’s generous benefit plans, please visit our Benefits site.
• Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan.
• As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.

Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law.

Truist is a Drug Free Workplace. EEO is the Law E-Verify IER Right to Work About Truist Truist is a purpose-driven financial services company, formed by the historic merger of equals of BB&T and SunTrust. We serve clients in a number of high-growth markets in the country, offering a wide range of financial services. At Truist, our purpose is to inspire and build better lives and communities. That happens through real care to make things better. To meet client needs, to empower teammates, and to lift up communities. Learn more about Truist on truist.com.