OFAC Sanctions Analyst

First Interstate•Bend, OR

About The Position

The OFAC Sanctions 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 and transactions of both new and existing accounts.

Requirements

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.
High School Diploma or general education degree (GED) required

Nice To Haves

Prior banking experience preferred

Responsibilities

Performs analysis and enhanced due diligence on results from OFAC/Sanctions, custom watchlists, 314a, and PEP watchlist screening of transactions and customer accounts according to First Interstate Bank policy and procedures.
Partners with other financial crimes compliance departments and business lines to complete due diligence review and report details as needed to appropriate areas.
Analyzes output of OFAC/Sanctions and other applicable watchlist screening and make decisions on appropriate action to take.
Maintains thorough documentation of analysis performed.
Works cooperatively with internal departments to obtain and evaluate necessary information related to the analysis.
Remains current on legal, regulatory AML/BSA and OFAC requirements and actions.