Description

Sanctions Escalations, Analyst

Discover your opportunity with Company (Company), the 5th largest financial group in the world with total assets of over $2.4 trillion (as ranked by SNL Financial, April 2016) and 140,000 colleagues in nearly 50 countries. In the U.S., we’re 13,000 strong, working together to positively impact every customer, organization, and community we serve. We achieve this by delivering on our values, putting people first, fostering long-term relationships built on honesty and mutual understanding, and inspiring the best in each other. This is all part of our inclusive, high-performing culture supported by Total Rewards that include our cash balance pension plan. Join a team that’s working to fulfill its vision to be the world’s most trusted financial group.

Company is one of the largest financial institutions in the world with an extensive network of operations spanning over 50 countries. The Americas Sanctions Compliance function protects this global network from dealings with terrorists, narcotics traffickers, weapons proliferators and other parties subject to US economic sanctions. This diverse team of highly dedicated professionals is responsible for investigating transactions and customers to identify potential exposure to sanctioned parties. The successful candidate will have a passion for investigations, national security, and financial crimes compliance and be comfortable operating in a fast paced environment subject to considerable regulatory scrutiny.

We are looking for motivated individuals interested in building a career in the Bank’s Financial Crimes Compliance group. This role will provide significant exposure into Bank’s global operations to continuously detect and mitigate risks associated with Financial Crimes.

Major Responsibilities:

• Review financial and trade alerts identified by the Bank’s screening systems (includes real-time transaction and batch customer processes); determine if the transaction or account alerts are true or false-positive matches; conduct additional investigation when necessary; clearly and thoroughly document all decisions and findings with supporting rationale;
• Escalate suspicious cases and/or patterns to senior leadership within Americas Sanctions Compliance and, when appropriate, other areas of the Bank such as the Financial Intelligence Unit;
• Identify best practices or areas of improvement around the alert decisioning and investigations processes;
• Identify and recommend list management improvements, for example, clarify handling instructions or recommend enhancements to geographic or risk-entity patterns triggering false-positives;
• Provide reporting and system maintenance support;
• Attend regular meetings with the Head of Americas Sanctions and Global Head of Sanctions;
• Liaise and partner with Sanctions colleagues in the US (first and second line), Japan, London, and Singapore on reviewing transactions;
• Review and assess operational impact of internally distributed Sanctions guidance; and
• Support general compliance activities and other duties, including special projects, as assigned.

Qualifications:

• 3 years of experience working in Sanctions Compliance or a related field;
• Knowledge of sanctions and/or anti-money laundering laws and regulations;
• Strong communication skills (verbal and written); and
• B.A. /B.S. Degree or equivalent.

The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified.

We are proud to be an Equal Opportunity / Affirmative Action Employer and committed to leveraging the diverse backgrounds, perspectives, and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate in employment decisions on the basis of any protected category.

A conviction is not an absolute bar to employment. Factors such as the age of the offense, evidence of rehabilitation, seriousness of violation, and job relatedness are considered in all employment decisions. Additionally, it's the bank's policy to only inquire into a candidate's criminal history after an offer has been made. Federal law prohibits banks from employing individuals who have been convicted of, or received a pretrial diversion for, certain offenses.