Sanctions Investigations AML/CFT Compliance Officer (Remote)

First Citizens Bank•Sacramento, CA

20h•Remote

About The Position

This is a remote role that may be hired in several markets across the United States. The Sanctions Investigations AML/CFT Compliance Officer is responsible for assisting in building the sanctions investigations capability within the bank’s Financial Intelligence Unit (FIU). This role involves conducting complex sanctions investigations, performing L3 review on transactions carrying red flags for sanctions and related risks, identifying potential sanctions violations and supporting related mitigation actions, supporting reporting and communications with OFAC, reviewing sanctions and related regulatory changes to identify impacts on the business and recommend necessary changes to process, providing expert guidance to the FIU and business units on sanctions compliance, and leading collaboration with related teams within the FIU. The officer will play a key role in identifying, assessing, and mitigating sanctions and related risks while maintaining a strong understanding of regulatory requirements and industry best practices.

Requirements

Bachelor's Degree and 4 years' experience OR High School Diploma or GED/Equivalent and 8 years' experience in Experience in AML/CFT compliance, investigations, or related field
Strong understanding of BSA/AML regulations, OFAC, KYC, and other relevant regulatory requirements
Experience with AML/CFT software, data analytics tools, and case management systems
AML/CFT regulatory knowledge
Investigative techniques
Data analysis and interpretation
Quality assurance methodologies
Risk assessment and mitigation
Financial crime risk awareness
Reporting and documentation
Compliance program management
Training and development

Nice To Haves

CAMS certification, CGSS certification, CCAS certification, or similar
Prior experience at OFAC, FinCEN, related US government agencies, and similar intelligence and investigative functions highly desired
Expert level understanding of OFAC and related unilateral and multilateral sanctions programs
Ability to review new and existing regulations, executive orders, and policy discussions in order to assess the bank’s regulatory obligations and identify potential sanctions violations
Familiarity with cryptocurrency industry and related risks and regulatory obligations
Familiarity with additional regulations related to US national security objectives, such as export compliance and inbound/outbound investment restrictions
Experience with identifying and advising on potential sanctions violations and related mitigation actions
Expert level network analysis related to sanctions evasion methodologies
Strong open source investigative skills
Facility in key foreign languages for sanctions investigations, including Russian, Arabic, Persian, Chinese, Spanish, etc

Responsibilities

Develops and executes the Compliance Risk Management Program related to sanctions investigations, L3 transaction review, identification of potential violations, reporting, and related regulatory compliance and necessary guidance to the FIU and business.
Implements complex regulatory requirements impacting multiple systems, processes, and clients.
Monitors the effectiveness of sanctions controls and recommends enhancements.
Effectively collaborates across verticals with multiple teams, and effectively communicates with senior leadership on complex regulatory issues.
Manages an evolving portfolio of complex sanctions investigations, L3 transaction reviews, and related suspicious activity investigations.
Reviews client relationships involving multiple accounts, geographic locations, and products.
Supports Enhanced Due Diligence (EDD) reviews for higher risk clients.
Manages and conducts testing of sanctions policies, procedures, and functions.
Develops procedures to maintain quality and consistency of testing approach.
Identifies potential issues, exceptions, or patterns within the compliance program.
Sources, validates, and interprets data for discrepancies and risks.
Effectively communicates analysis output and prepares reports for management.
Develops methods of measuring the quality and performance of compliance functions.
Maintains expertise on sanctions laws, regulations, policies, and procedures.
Serves as a resource to management and business unit leaders on sanctions matters.
Develops training materials for the team and assists in training and mentoring.