Risk Specialist I - Sanctions

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

Job Description

Location

Onsite listed in the job posting

Summary

The position is responsible for performing confidential research and investigations of money laundering and other financial crimes.

Essential Duties And Responsibilities

• Review and disposition potential Office of Foreign Assets Control (OFAC) matches on real-time or in-process transactions.
• Identify transactions that have the potential to be Blocked or Rejected due to sanctions.
• Conduct internet research and obtain relevant documentation to support disposition of potential OFAC matches.
• Read, analyze, interpret, and apply sanctions regulations to ensure the Bank remains in compliance.
• Assist with sanction screening system testing for implementation of new products / services and system upgrades.
• Make decisions on appropriate action to take regarding the need for further investigation.
• Support management teams, ensuring daily, weekly, and monthly activities are completed on time.
• Participate in exams/audits by assisting in gathering of data for federal regulators, state examiners, independent auditors, and law enforcement.
• Performs all other duties as assigned.

SUPERVISORY RESPONSIBILITIES

• No supervisory responsibilities

QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Additionally, the qualifications listed below are representative of the knowledge, skills, and/or abilities required in this position:

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

COMPUTER AND OFFICE EQUIPMENT SKILLS

• Microsoft Office suite

About Us

First Horizon Corporation is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states across the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at www.FirstHorizon.com .

Benefit Highlights

• Medical with wellness incentives, dental, and vision
• HSA with company match
• Maternity and parental leave
• Tuition reimbursement
• Mentor program
• 401(k) with 6% match
• More -- FirstHorizon.com/First-Horizon-National-Corporation/Careers/Our-Benefits

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