OFAC Analyst I — Sanctions Screening & Compliance

Automatic Data Processing, Inc.; New York (NY); Vor Ort; USD 75.000 - 90.000; Vollzeit

Zusammenfassung

Community Federal Savings Bank (CFSB) is a federally chartered bank in New York City offering banking and payment solutions across consumers, businesses, and fintech partners. The OFAC Analyst I will analyze alerts from CFSB's services, adhering to OFAC, AML, and BSA regulations with professionalism and integrity.

The role involves sanctions screening, escalation of potential violations, and coordination with Operations and other departments.

Qualifikationen

• 1 to 3 years in an OFAC screening-specific role.
• Familiarity with OFAC screening within ACH and wire transfer transaction threads.
• Ability to obtain necessary information to classify an OFAC hit as a 'match' or 'not a match' with minimal guidance and supervision.

Aufgaben

• Conduct sanctions screening of real-time and post-transactional alerts in the Bank's automated sanctions solution for potential violations of OFAC and other government sanctions.
• Review daily manual reports for OFAC screening, documenting the reviews and reporting findings to management as necessary.
• Identify potential matches that warrant additional research; escalate for sanctions violations and/or reputational/financial risks and document the resolution.
• Ensure escalation of alerts are properly handled and documented according to procedures.
• Interact with other departments/lines of business on resolution of issues (e.g., Operations Department, CFSB clients).
• Stay abreast of regulatory changes and AML-related news, with emphasis on OFAC sanctions-related developments.

Kenntnisse

OFAC screening

AML knowledge

Regulatory knowledge

Attention to detail

Documentation skills

Tools

CGI HotScan

Microsoft Office

Jobbeschreibung

Community Federal Savings Bank (CFSB) is a federally chartered bank in New York City offering banking and payment solutions across consumers, businesses, and fintech partners. The OFAC Analyst I will analyze alerts from CFSB's services, adhering to OFAC, AML, and BSA regulations with professionalism and integrity.

The role involves sanctions screening, escalation of potential violations, and coordination with Operations and other departments.