OFAC Compliance Senior Analyst

JOB SUMMARY : CFSB seeks an Office of Foreign Assets Control (OFAC) Senior Compliance Analyst with 3 to 5 years of banking and OFAC sanctions screening experience. Within the OFAC Team of the Financial Intelligence Unit, this role analyzes OFAC alerts yielded from CFSB’s full range of offered banking services including ACH settlement services, pre-paid card issuance, and retail banking for our general customer base and the various types of Money Services Businesses and FinTech companies serviced by CFSB. The Senior Analyst suitable for this role will display a high degree of professionalism and integrity through their work and will possess a solid understanding of OFAC sanctions, Anti-Money Laundering (AML) and Bank Secrecy Act (BSA) regulations. Responsibilities: Conducts sanctions screening of real-time and post-transactional alerts in the Bank’s automated sanctions screening solution for potential violations of OFAC and other governmental sanctions. Investigate potential matches and true positive hits; escalate for further review and approval as required by procedure. Review daily manual reports for OFAC screening, documenting the reviews and reporting findings to management as necessary. Review potential customer name matches from the bi-weekly Financial Crimes Enforcement Network’s (FinCEN’s) 314(a) list. Identify potential matches that warrant additional research; review escalations of potential sanctions violations and/or reputational/financial risks accordingly, make recommendations to OFAC management, and document the resolution. Ensure hits/alerts are handled in accordance with defined procedures that meet standards for both quality and timeliness. Ensure escalation of alerts are properly handled and documented according to procedures. Interact with other departments/lines of business on resolution of issues (e.g., Operations Department, CFSB clients). Stay abreast of regulatory changes and AML related news, with an emphasis on OFAC sanctions-related developments. Ensure timely completion of all mandatory training requirements. Effectively utilize and operate all tools and technology appropriate to the role. Identify potential strategic process improvements and assist with implementation. Assist other teams within Compliance when needed. Ensure timely completion of all mandatory training requirements. Knowledge, Skills, and Abilities: Ability to obtain necessary information to classify an OFAC hit as a “match” or “not a match” with minimal guidance and supervisions. Ability to make accurate decisions supported by details documentation justifying decisions. Organized, detail-oriented, self-motivated, and strong communication, writing, and follow-up skills. Ability to liaise with between internal business lines and external vendors and clients, and to work well both independently and as part of a team. Ability to work dependably and consistently under time constraints, and to manage time efficiently and effectively. Strong research, analysis, communication, writing, and follow-up skills. Ability to identify, escalate and resolve a problem. Understanding of compliance and BSA/AML/OFAC regulatory requirements and implications. Proficiency in standard Microsoft Suite programs. Education, Training, and Experience: 3 to 5 years in an OFAC screening specific role. Experience with OFAC sanction screening of various customer types desired (e.g., Money Services Businesses such as money transmitters; pre-paid card programs; debit card programs: and retail banking customers). Familiarity with OFAC screening within ACH and wire transfer transaction threads. Experience with CGI HotScan’s sanctions screening solution a plus. This is hybrid role requiring on-site two to three days. Salary Range: $75,000 plus/yearly "Actual base salary offer will vary based on skills and experience. Additional benefits and performance-based bonus offered where applicable."