Financial Crimes Sanctions Analyst I

Truist Bank • Atlanta, VA

2d

About The Position

Responsible for timely review of transactions and client relationships to ensure consistency with applicable sanctions laws and regulations. Requires a technical understanding of U.S. economic and financial sanctions (primarily OFAC).
Essential Duties and Responsibilities
Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.
1. Conduct timely reviews, analysis, and disposition of sanctions-related alerts for clients and transactions to support Truist’s compliance with applicable sanctions laws and regulations.
2. Communicate with relationship Managers, branch associates, and other teammates as needed to gather additional client information to support investigations.
3. Serve as a point of contact for internal sanctions-related questions.
4. Use various research and screening tools to assess sanctions risk and exposure.
5. Stay updated on current and proposed sanctions laws and regulations.
6. Participate in sanctions and AML/CFT training through webinars, periodicals, and self -study to maintain timely understanding of sanctions and AML laws and regulations.
7. Keep aware of national and global events and industry trends relating to sanctions compliance to mitigate potential sanctions risks to Truist.

Requirements

• College degree.
• At least two years of relevant experience at a financial institution or relevant government agency.
• Knowledge of U.S. economic sanctions regulations and laws (particularly OFAC) and experience assessing economic and financial sanctions regulations with specific fact patterns.
• Ability to understand and execute detailed procedures, policies, and regulations that govern the department.
• Ability to work independently and as part of a team.
• Analytical and critical thinking skills with the ability to identify and define issues, establish facts, analyze moderately complex information, and develop substantiated conclusions with minimal supervision.
• Ability to liaise among internal teams, external business units, and other stakeholders.
• Verbal and written communication skills; ability to communicate effectively with internal teammates and external entities.
• Skills in investigative research and documentation.
• Demonstrated proficiency in basic computer applications, such as Microsoft Office software products.

Nice To Haves

• Master’s degree or related industry certification.

Responsibilities

• Conduct timely reviews, analysis, and disposition of sanctions-related alerts for clients and transactions to support Truist’s compliance with applicable sanctions laws and regulations.
• Communicate with relationship Managers, branch associates, and other teammates as needed to gather additional client information to support investigations.
• Serve as a point of contact for internal sanctions-related questions.
• Use various research and screening tools to assess sanctions risk and exposure.
• Stay updated on current and proposed sanctions laws and regulations.
• Participate in sanctions and AML/CFT training through webinars, periodicals, and self -study to maintain timely understanding of sanctions and AML laws and regulations.
• Keep aware of national and global events and industry trends relating to sanctions compliance to mitigate potential sanctions risks to Truist.

Benefits

• All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position.
• Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates.
• Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays.
• Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level