OFAC & Sanctions Compliance Lead

Farmers & Merchants Bank of Long Beach; 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 BSA/AML and sanctions compliance, including risk assessment, regulatory reporting, and governance enhancements. The role provides subject-matter expertise, guidance to business units, and training to staff across the Bank.

The position leads complex sanctions investigations, monitors list updates, and collaborates with stakeholders to strengthen controls and ensure regulatory adherence.

Qualifications

• Advanced knowledge of BSA/AML monitoring and investigations.
• Strong understanding of OFAC and sanctions requirements for financial institutions.
• Experience in regulatory reporting and cross-functional collaboration.

Responsibilities

• Conduct complex sanctions investigations and assess OFAC exposure.
• Coordinate transaction blocking/rejection with proper escalation and reporting.
• Monitor sanctions lists and assess impact on customers and operations.
• Provide training and guidance on BSA/AML/OFAC requirements to staff.

Skills

BSA/AML knowledge

OFAC compliance

Investigations

Regulatory reporting

Training & guidance

Education

High School Diploma or equivalent

CAMS certification preferred

Job description

Farmers and Merchants Bank of Long Beach is seeking an OFAC and Sanctions Program Officer to support BSA/AML and sanctions compliance, including risk assessment, regulatory reporting, and governance enhancements. The role provides subject-matter expertise, guidance to business units, and training to staff across the Bank.

The position leads complex sanctions investigations, monitors list updates, and collaborates with stakeholders to strengthen controls and ensure regulatory adherence.