Risk Specialist II - Sanctions

First Horizon Bank; Charlotte (NC); On-site; USD 70,000 - 95,000; Full time

Benefits offered by this job

Medical benefits

HSA with company match

Parental leave

Tuition reimbursement

Mentor program

401(k) with match

Job summary

First Horizon Bank in Charlotte, NC is seeking a detail-oriented analyst to perform confidential research and investigations of money laundering and other financial crimes.

You will review OFAC matches in real-time, determine whether actions are needed, and assist with system testing for new products to ensure regulatory compliance.

Qualifications

• High school diploma or GED with 4–6 years of BSA and sanctions experience.
• Experience with sanctions regulations and OFAC screening.
• Banking industry experience preferred.

Responsibilities

• Review and disposition OFAC matches on real-time or in-process transactions.
• Identify transactions that may be blocked or rejected due to sanctions.
• Conduct internet research to support disposition of OFAC matches.
• Read, analyze, interpret, and apply sanctions regulations to ensure bank 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 gathering data for federal regulators, state examiners, independent auditors, and law enforcement.

Skills

Sanctions screening

BSA compliance

Research skills

Regulatory knowledge

Education

High School Diploma or GED

Job description

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

1. 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:

1. High school diploma or GED and 4-6 years of BSA and Sanctions experience or equivalent combination of education and experience

2. Banking experience preferred

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 (https://urldefense.com/v3/__https:/www.firsthorizon.com/__;!!Cz2fjcuE!hpq9hPnrucZCPIAVPojVESItIq-FPzhurNdCrQ3JE8Rkx3gMd70nIk6_kmPxl66_oJCEsXs0gNunPowMAMHCmBYPOtUxUGI$) .

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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Job Identification: 1432

Job Category: Support

Job Schedule: Full time

Degree Level: High School Equivalent