OFAC Operations Associate/AVP - New York


: $132,420.00 - $206,040.00 /year *

Employment Type

: Full-Time


: Executive Management

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OFAC Operations AVP

Job Description

The incumbent will monitor transactions processed on behalf of Bank customers and correspondent banks for OFAC and Sanctions compliance using an automated monitoring system.

Job Duties

  • Real-time Payment
  • Determine whether an OFAC alert related to wire transfers is a true match or false match
  • If information is insufficient, open an investigation
  • Case Investigation
  • Investigate confirmed cases
  • Maintain logs for OFAC reject, block, investigation cases, etc
  • Review internal list
  • Add, modify, and delete internal list

Job Requirements

  • 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.

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