About this opportunity
TEKWISSEN ® lists this Sanctions Specialist opportunity in city of jersey city, New Jersey. Review the employer’s description below for duties, qualifications and application requirements.
Job description
Make sure to apply with all the requested information, as laid out in the job overview below.
Job Title: Sanctions Specialist
Location: Jersey City, NJ 07310
Duration: 6 Months
Job Type: Temporary Assignment
Work Type: Onsite
Pay Rate: $ / Hr
Overview:
TekWissen is a global workforce management provider headquartered in Ann Arbor, Michigan that offers strategic talent solutions to our clients world-wide. Our client is a company who is a provider of banking and financial services. The company operates through two divisions, Retail Banking and Services, and Corporate and Institutional Banking.
Job Description:
Reviews and tracks business transactions and activities for a given subset of the organization and confirms compliance with international regulations, laws and ordinances.
Identifies and investigates sanction violations, conducts research on regulations causing violations, and collects evidence to identify the root causes of sanction violations.
Documents and archives sanction violation incidents for future reporting, transaction processing, and reference for new business operations.
Analyzes risks associated with given transactions and operations and determines appropriate solutions to address the risks.
Stays knowledgeable about international law and sanction updates to keep the organization informed.
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 Impact
Leadership and Collaboration
Client, Customer and Stakeholder Focus
Compliance 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 team
Ensure all payments comply with Client group payment transparency policy.
Make direct contribution to Client operational permanent control framework.
Prepare and analyze various reports as needed
Make recommendation for procedural changes where deemed necessary.
Minimum Required Qualifications
Associate/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. xzgxqkn
FINRA Registrations Required:
Not Applicable
TekWissen® Group is an equal opportunity employer supporting workforce diversity.
Worksite address
city of jersey city, NJ, 07310, US
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.