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Senior OFAC Analyst

  • Location

    Los Angeles

  • Sector:

    Financial Services and Banking

  • Job type:


  • Salary:


  • Contact:

    Remy Corbet

  • Contact email:

  • Salary high:


  • Salary low:


  • Published:

    about 1 year ago

  • Expiry date:


  • Startdate:


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