OFAC & AML Risk Specialist I

First Horizon Bank; Memphis (TN); On-site; USD 50,000 - 70,000; Full time

Benefits offered by this job

Medical & dental

HSA

Parental leave

Tuition reimbursement

Mentor program

401(k) with match

Job summary

First Horizon Bank is seeking a specialist to perform confidential research and investigations of money laundering and other financial crimes, onsite in Memphis. The role focuses on reviewing OFAC matches, applying sanctions regulations, and supporting regulatory exams.

Responsibilities include transaction screening, documentation collection, system testing for new products and upgrades, and ensuring timely completion of daily to monthly activities.

Qualifications

• High school diploma or GED and 0-4 years of experience or equivalent combination of education and experience
• Banking experience preferred

Responsibilities

• Review and disposition OFAC matches on real-time or in-process transactions.
• Identify transactions with potential to be Blocked or Rejected due to sanctions.
• Conduct internet research and obtain documentation to support OFAC match dispositions.
• Read, analyze, interpret, and apply sanctions regulations to ensure bank compliance.
• Assist with sanction screening system testing for new products/services and upgrades.
• Make decisions on actions regarding need for further investigation.
• Support management teams to complete daily, weekly and monthly activities on time.
• Assist in data collection for exams/audits by regulators and auditors.
• Performs all other duties as assigned.

Education

High school diploma or GED

Tools

Microsoft Office suite

Job description

First Horizon Bank is seeking a specialist to perform confidential research and investigations of money laundering and other financial crimes, onsite in Memphis. The role focuses on reviewing OFAC matches, applying sanctions regulations, and supporting regulatory exams.

Responsibilities include transaction screening, documentation collection, system testing for new products and upgrades, and ensuring timely completion of daily to monthly activities.