A banking client of ours in downtown Los Angeles area is looking for a Senior OFAC Analyst to join their Sanctions department. The role will report into the Deputy OFAC Officer at the bank.

 Responsibilities & Duties

• Support the OFAC Unit’s proactive sanctions risk reviews and investigations
• Conduct second line review of escalated OFAC sanctions, export control, and other alerts;
• Review first line disposition decisions as appropriate
• Draft 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
• Assist with the preparation of delivery of sanctions-related training for BSA/OFAC department, business units, and other bank employees

Job Qualifications/Requirements

• Bachelor’s degree - ideally in Business, Economics, Accounting or Criminal/Criminal Justice or related major or equivalent working experience
• 2+ years direct private or public sector work experience in sanctions, anti-money laundering, export controls, forensic accounting, financial regulation, risk management, political risk advisory, complex investigations; or equivalent with related experience in other areas of banking/financial services industry; or equivalent with related education
• Knowledge of OFAC sanctions regulations, Bank Secrecy Act regulations, export controls, and regulatory  / supervisory expectations
• Knowledge of Commercial Banking, International Operations, Lending, or Trade Finance a plus
• SQL, R Studio, or Python skills a plus
• Korean or Chinese language skills a plus
• Written and oral communication skills; ability to communicate effectively
• Have the ability to communicate effectively with branches, team members and regulators / auditors, as needed
• Have excellent analytical skills including the ability to define problems, collect data, establish facts, and draw conclusions
• Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables
• Ability to analyze and organize financial information and perform financial calculations
• Basic computer skills and ability to use Microsoft Word, Excel, and PowerPoint Functional PC skills and ability to learn specific bank-wide and departmental programs