Legal & Compliance Department - Sanctions Operations Part-time Staff
Bank of China Limited, New York Branch•New York, NY
•$31 - $72
About The Position
The Sanctions Operations Part-time Staff supports continuous monitoring and transaction review, providing guidance and identifying solutions to business challenges related to managing sanctions risks for real-time transactions. The role also supports the Vice President of Sanctions Operations with KPI reporting, USSC communications, and communications to Sanctions Operations team staff.
Requirements
- Bachelor’s degree required.
- Knowledge of U.S. banking regulations and compliance practices, with strong emphasis on BSA, AML, and OFAC.
Nice To Haves
- Five years of work experience in a bank or financial institution in a BSA/AML and sanctions internal-control capacity preferred.
- CAMS certification preferred.
Responsibilities
- Conduct second-level review of real-time wire payment alerts to determine whether they are true or false matches based on payment-instruction information.
- Open investigations and request necessary information from ordering banks when wire-transfer information is insufficient, or conduct complex investigations of apparent regulatory or compliance breaches and escalate findings as required.
- Conduct sanctions screening for hits and maintain detailed documentation.
- Identify sanctions compliance issues or concerns and escalate when necessary.
- Communicate with FLUs about payments related to entities with previously filed SARs.
- Conduct periodic audits of FLU transactions to verify compliance with applicable sanctions regulations and internal policies and procedures.
- Assist in coordinating responses to internal and external sanctions or sanctions-related examinations.
- Conduct second-level reviews of summary sheets for affiliate sampling cases and downstream return-funds transactions.
- Update and maintain logs of sanctions cases, payments, and other related transactions.
- Assist in preparing and completing sanctions risk assessments and other compliance reviews.
- Conduct periodic quality reviews of sanctions data in the system and update it as necessary.
- Prepare sanctions reports, quality-control reports, and communications.
- Prepare status summaries and routine and ad hoc reports.
- Participate in special projects and perform other duties as assigned.
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
Upload and Match Resume
What This Job Offers
Job Type
Part-time
Career Level
Mid Level
