Sanctions Enforcement Specialist

Sanctions Enforcement Specialist CIB Functions – USD Clearing & Payments - Sanctions Enforcement and ExceptionsBusiness Overview:Payments and Clearing Solutions (PCS) provides a full array of International and Domestic Cash Management Services (Customer Payments, Financial Institution Transfers, ACH and Check Collection Services) to our international and domestic banking customers and internal departments. Additionally, is responsible for a broad range of monitoring, regulatory screening and reporting functions for operational control and end-of-day reconciliation. PCS processes on a regional platform, where a portion of US activity is processed in Montreal and a portion of Montreal’s activity is processed in New York. This is being done for a number of reasons, the most important of which is for business continuity and resiliency. PCS is comprised of the following sub departments: Payments & Level 1 Sanctions, Sanctions Enforcement and Exceptions, Client Support Services, PMO/Orga and Data Governance.Sanctions Enforcements and Exceptions – The group is responsible for addressing any escalations of messages that are identified as “hits” against the sanctions lists and manages those transactions through completion or escalate them to Level 3.Candidate Success Factors:Candidates will be measured on the following four performance drivers, which will dictate how individual impact is considered on the Americas platform:Results and ImpactLeadership and CollaborationClient, Customer and Stakeholder FocusCompliance Culture and Conduct Responsibilities: Perform a Level 2 review of transactions that are referred to the OFAC Exception queue for potential sanctions violations and manage the queues in order to ensure our deadlines are being met.Conduct investigation on payments that need to be held for regulatory reasons pending additional information and monitor case investigations to make sure that proper follow-ups are being made and responses are being addressed in a timely manner. Analyze information obtained from case investigations to make a clear determination on the proper course of action to be taken on the payment.Work closely with the U.S. and Group Financial Services, Legal and the Treasury in performing wire transfer searches or handling regular case investigations when deemed necessary.Ensure that all transactions escalated for Level 2 review are compliant to all external and internal regulations and policies.Validate vender added file uploads to our filtering systems to ensure that list changes, additions or deletions are updated to the systems accurately and add/modify/delete entities to the local list as requested by the USFS teamEnsure all payments comply with payment transparency policy.Make direct contribution to operational permanent control framework.Prepare and analyze various reports as neededMake recommendation for procedural changes where deemed necessary.Minimum Required QualificationsAssociate/BA degree from 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.(This will include 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 Preferred Qualifications: ACAMS/ACSS certified.