OFAC & Sanctions Compliance Lead

Farmers-and-Merchants-Bank-of-Long-Beac; Lakewood (CA); On-site; USD 87,000 - 139,000; Full time

Job summary

Farmers and Merchants Bank of Long Beach is seeking an OFAC and Sanctions Program Officer to support the BSA/AML/OFAC compliance program in Lakewood, CA. The role focuses on complex sanctions investigations, regulatory reporting, and policy enhancement to strengthen governance across the bank.

Responsibilities include monitoring sanctions lists, advising business units, and facilitating investigations. A CAMS certification is preferred, with extensive banking experience required for this

Qualifications

• High School Diploma or equivalent required.
• Minimum of five (5) years of banking experience, with emphasis on customer service and client support.
• Certified Anti-Money Laundering Specialist (CAMS) certification preferred; certification may be required within a specified timeframe after hire.

Responsibilities

• Conduct and oversee enhanced sanctions investigations involving complex ownership structures and related parties.
• Coordinate blocking or rejection of transactions and ensure proper regulatory reporting and recordkeeping.
• Maintain oversight of blocked property and related records with accurate reconciliation.
• Monitor OFAC sanctions list updates and advise on potential impacts to customers and operations.
• Review real-time wire transfers, ACHs, and other activity for matches against sanctions lists.

Skills

BSA/AML monitoring

OFAC compliance

Sanctions investigations

Regulatory reporting

Investigative skills

Education

High School Diploma

Job description

Farmers and Merchants Bank of Long Beach is seeking an OFAC and Sanctions Program Officer to support the BSA/AML/OFAC compliance program in Lakewood, CA. The role focuses on complex sanctions investigations, regulatory reporting, and policy enhancement to strengthen governance across the bank.

Responsibilities include monitoring sanctions lists, advising business units, and facilitating investigations. A CAMS certification is preferred, with extensive banking experience required for this