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