EFCC Economic Sanctions and List Screening Adjudication Analyst

U.S. Bank • Knoxville, TN

7d • Onsite

About The Position

The Economic Sanctions Adjudication Analyst is responsible for fulfilling the Anti-Money Laundering (AML)/Bank Secrecy Act (BSA) and Office of Foreign Assets Control (OFAC) requirements through enhanced evaluation, identification, and research of relationships on behalf of U.S. Bank of both new and existing accounts. Responsibilities include performing analysis and enhanced due diligence on results from OFAC/Sanctions, custom watchlists, 314a, Adverse Media and PEP watchlist screening of customer accounts according to U.S. Bank policy and procedures. The role will partner with other Enterprise Financial Crimes Compliance (EFCC) departments and Business Lines to complete due diligence review and report details as needed to appropriate areas. Responsibilities also include back up and support for Sanctions related escalations from Business Lines including but not limited to wire transactions, international ACH transactions (IAT) and trade finance. Position may require weekends and/or overtime.

Requirements

• Bachelor's degree, or equivalent work experience
• Typically more than one year of applicable experience

Nice To Haves

• Basic knowledge of applicable laws, regulations, financial services, and regulatory trends that impact their assigned line of business
• Knowledge of AML/BSA, OFAC, PEP, KYC and FinCEN-related laws and regulations
• Knowledge of U.S. Bank’s operations, systems, and practices within business units
• Knowledge of AML/BSA, OFAC laws and regulations
• Excellent communication and written skills
• Strong analytical abilities and problem-solving skills
• Strong self-motivation and organizational skills
• Exceptional ability to multi-task and prioritize projects
• Documented record of achieving results both individually and in a team setting
• Ability to meet tight deadlines and work in an operational/compliance driven environment
• Ability to coordinate and work collaboratively with internal and external contacts daily
• Proficiency in Microsoft Excel, Access, Word, and/or experience in using other database applications
• CAMS certification

Responsibilities

• Analyze output of OFAC/Sanctions and other applicable watchlist screening and make decisions on appropriate action to take.
• Maintain thorough documentation of analysis performed.
• Work cooperatively with U.S. Bank internal departments to obtain and evaluate necessary information related to the analysis.
• Assist in implementation of OFAC/Sanctions and other screening detection methods, such as training and instruction manuals.
• Assist with departmental reporting.
• Support any special projects or critical casework including in-person and virtual presentations.
• Actively ensures compliance with the U.S. Bank Code of Ethics and all AML, BSA, information security, and suspicious activity reporting requirements, policies and procedures.
• Participate in required corporate and business line training.
• Remain current on legal, regulatory AML/BSA and OFAC requirements and actions.
• Analyze sanctions related escalations from Business lines and make decisions on appropriate action to take.

Benefits

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 5,001-10,000 employees