OFAC Analyst - Morristown, NJ

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The OFAC Analyst will perform, review and verify hits related to OFAC and other lists and to ensure compliance with OFAC sanctions.

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Responsibilities include but are not limited to:

• Perform due diligence on OFAC Sanction Screening hits generated from a variety of sources.
• Investigate possible hits and escalate for further review and approval to management.
• Distribute updated OFAC lists to various business units and ensure all searches are performed timely.
• Perform OFAC screening of Bank's customer database when OFAC list is updated.
• Perform annual OFAC screening of Bank's customer database.
• Ensure all new Bank vendors have been OFAC screened by the respective business units and are added to the Bank's customer database for ongoing screening.
• Handle investigations related to real-time wire transfer inquiries related to OFAC.
• Prepare and distribute reports to management regarding blocked and rejected transactions.
• Monitor OFAC website for updates. Create and disseminate OFAC bulletins to the Bank's business lines and ensure appropriate compliance response to any changes to OFAC requirements or new sanctioned parties.
• Participate in ad-hoc projects on an as needed basis.

• Must have knowledge of OFAC regulations and their practical application in a financial services environment.
• Strong verbal and written communication skills.
• Strong research skills.
• Advanced skills in the use of Microsoft Word, Excel, PowerPoint, Outlook and experience with on-line research systems including web-based tools.
• Strong time management skills.
• Ability to maintain attention to detail and accuracy under pressure situations.
• Team-oriented and able to work independently.
• Ability to prioritize and organize assignments.

• High School diploma or GED and a minimum of two years in banking operations, AML compliance or OFAC sanctions screening related experience.
• Bachelor's degree preferred.
• ACAMS Certification preferred.

Full-time

Non-exempt

Pay Range Pay Range

The estimated pay range for this job. Disclosing pay information promotes competitive and equitable pay.

The actual pay rate will depend on the person's qualifications and experience.

$55,700.00 - $92,900.00 / year

In order to support the Fair Compensation Strategy by the US Govt., HR Dept., clients are required to adhere to "Pay Transparency Law"; in the impacted states; that have mandated the employers to list the salary ranges in Job advertisements or postings for job opportunities and Job promotions.