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Deputy OFAC Officer

  • Location

    Los Angeles, CA, USA

  • Sector:

  • Job type:


  • Salary:


  • Contact:

    Miranda Lotze

  • Contact email:

  • Salary high:


  • Salary low:


  • Published:

    over 2 years ago

  • Expiry date:


  • Startdate:


I am working with a large and rapidly growing banking client of mine in Los Angeles who is looking for a Deputy OFAC Officer to manage a team of growing OFAC sanctions professionals. This position reports into the BSA/OFAC Officer.


Roles & Responsibilities

  • Responsible for management of OFAC program including client and transactional screening, investigation, and reporting
  • Responsible for establishing OFAC policy and procedures to include helping business units in developing policies compliant with OFAC requirements
  • Responsible for ensuring OFAC list updates are conducted successfully and in a timely manner
  • Responsible for remediation of all outstanding audit and regulatory issues assigned
  • Responsible for assisting BSA/OFAC Training team in creation of appropriate OFAC training materials
  • Responsible for assisting BSA/OFAC Program team with annual OFAC risk assessment and policy updates
  • Responsible for the preparation and maintenance of all internal and external OFAC reporting, including annual and ad hoc contact with OFAC
  • Responsible for maintaining appropriate resources to create a sustainable and effective OFAC Program
  • Must be able to work effectively with internal auditors, regulatory bodies and other entities with oversight functions


Job Qualifications & Requirements

  • Bachelor’s degree required; Advanced degree preferred
  • 10+ years managing financial crimes policy and operations with minimum 7 years direct OFAC-related experience
  • Experience with model risk management activities related to OFAC model tuning and implementation
  • Must have managed staff in financial crimes operational and policy capacities.
  • Experience selecting, implementing, and managing OFAC screening platforms


If this role interests you and you meet the desired skill set, please apply directly with an updated resume.