Senior OFAC Analyst
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Location
Los Angeles
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Sector:
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Job type:
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Salary:
Competitve
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Contact:
Remy Corbet
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Contact email:
r.corbet@hamlynwilliams.com
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Salary high:
0
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Salary low:
0
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Published:
about 1 year ago
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Expiry date:
2019-05-20
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Startdate:
ASAP
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