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Job

Sanctions Officer

  • Location

    Los Angeles, CA

  • Sector:

    Financial Services and Banking

  • Job type:

    Permanent

  • Salary:

    Competitive

  • Contact:

    Miranda Lotze

  • Contact email:

    m.lotze@hamlynwilliams.com

  • Salary high:

    0

  • Salary low:

    0

  • Published:

    about 2 months ago

  • Expiry date:

    2020-03-04

  • Startdate:

    ASAP

A large and growing foreign banking client of ours in Los Angeles is looking for an experienced Financial Crimes Compliance professional to take on a role as Sanctions Officer, reporting directly to the Deputy OFAC Officer.

 

Requirements

  • Bachelor’s degree in Accounting, Business, Economics, or Criminal/Criminal Justice or related; Master’s degree preferred
  • 5+ years of experience in sanctions, anti-money laundering, export controls, forensic accounting, financial regulation, or complex investigations in financial services
  • Strong knowledge of OFAC sanctions regulations, BSA regulations, export controls, and regulatory  / supervisory expectations
  • SQL, R, or Python preferred

 

 Responsibilities

  • Provide guidance and support to the business units related to compliance with OFAC sanctions, Section 311 Special Measures, Section 314(a) information sharing, and Commerce and State Dept. export control regulations and compliance
  • Help lead the OFAC Unit’s proactive sanctions risk reviews and investigations, with primary responsibility for the most complex investigations
  • Help lead the OFAC Unit’s geographic, customer, and product risk reviews and assessments
  • Conduct second line review of escalated OFAC sanctions, export control, and other alerts; review first line disposition decisions as appropriate
  • Advise the business units of sanctions risk, recent developments, and compliance procedures, with primary responsibility for the most complex regulatory analyses and fact patterns
  • Draft, review, and submit reports of rejected or blocked transactions as required by OFAC
  • Review and maintain various BSA reports for accuracy; monitor and refer suspicious activity to the appropriate BSA units for further investigation
  • Stay abreast of current sanctions programs and changes as they are issued by OFAC and provide analysis to the bank
  • Lead prepare and delivery of sanctions-related training for BSA/OFAC Dept. and other bank employees
  • Provide quality control review of Sanctions Analyst’s work product
  • Assist with Deputy OFAC Officer’s management duties as needed

 

If this opportunity of interest to you and you meet the desired skill set, please apply directly with an updated resume.