The incumbent will monitor transactions processed on behalf of Bank customers and correspondent banks for OFAC and Sanctions compliance using an automated monitoring system.
Determine whether an OFAC alert related to wire transfers is a true match or false match
If information is insufficient, open an investigation
Investigate confirmed cases
Maintain logs for OFAC reject, block, investigation cases, etc
Review internal list
Add, modify, and delete internal list
Bilingual ability in reading/writing Chinese highly preferred
Bachelors degree or above with major in business, finance, accounting, economics, and other related disciplines
Atl least 1 year relevant working experience; OFAC Sanction experience preferred
Knowledge of U.S Banking regulations and compliance practice with strong emphasis on all aspects of BSA, AML, and OFAC
Strong communications and analytical skills
CAMS preferred, but not required
Associated topics: administrative support, assist, asso, associate, chief operations officer, front desk, food, operation, operational assistant, staff
* The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.