Sanctions Enforcement Specialist This role is part of the Payments and Clearing Solutions (PCS) team, which provides a comprehensive range of International and Domestic Cash Management Services. The team is responsible for monitoring, regulatory screening, and reporting functions for operational control and end-of-day reconciliation. The Sanctions Enforcement and Exceptions group specifically addresses escalations of messages identified as "hits" against sanctions lists and manages those transactions through completion or escalation to Level 3.Required Skills & Qualifications Associate/BA degree from an accredited college/university.2 – 3 years' experience in OFAC and Sanctions investigation. Strong understanding of Regulatory awareness, and the regulations that govern it. Proficient knowledge and understanding of the OFAC processes and procedures. Knowledgeable of Funds Transfer operations as well as the rules and regulations that govern it, including CHIPS, Fedwire, SWIFT, LYNX, and ACH.Excellent communication, verbal and written skills, as well as attention to detail and accuracy. Self-motivated and ability to multi-task in a high-volume and fast-paced environment. The candidate must possess knowledge and basic understanding of MS Word, MS Excel, MS Outlook, MS PowerPoint. Prior work experience at client or in client's Industry Preferred Skills & QualificationsACAMS/ACSS certified.
Day-to-Day Responsibilities:
Perform a Level 2 review of transactions referred to the OFAC Exception queue for potential sanctions violations and manage queues to ensure deadlines are met.
Conduct investigations on payments held for regulatory reasons pending additional information and monitor case investigations to ensure timely follow-ups and responses.
Work closely with U.S. and Group Financial Services, Legal, and the Treasury in performing wire transfer searches or handling regular case investigations.
Ensure that all transactions escalated for Level 2 review comply with all external and internal regulations and policies.
Validate vendor-added file uploads to filtering systems to ensure accurate updates to lists and modify entities on the local list as requested by the USFS team.
Ensure all payments comply with the company's group payment transparency policy.
Contribute to the operational permanent control framework.
Prepare and analyze various reports as needed.
Make recommendations for procedural changes where necessary.
