Sanctions Officer

Functional Title:

Sanctions Officer

Corporate Title:

Assistant Vice President

Overtime Eligible (Y/N)

N

Department:

Compliance - North America (GM-CO)

Reports To: (Position)

Director of Sanctions / Head of Financial Crime Prevention New York

Management Responsibilities: (Y/N)

N

Position Summary:

To be an integral member of the firm's Sanctions team, while supporting the AML and Anti-Fraud areas.

Essential Duties and Responsibilities:

• Review and disposition payments escalated due to potential sanctions hits; Review and disposition static data alerts

• Work as a team to manage the sanctions filters and conduct regular fine tuning to minimize false positives;

• Work as a team to maintain and oversee a local sanctions program designed to meet requirements imposed by OFAC and the global sanctions policy;

• Provide timely and sound advice and guidance to all appropriate business units for OFAC concerns;

• Provide subject matter expertise to the head office for OFAC and U.S. specific sanctions;

• Establish policy and procedures to ensure compliance with OFAC filtering and reporting requirements for all business units;

• Ensure centralized reporting within the U.S. for possible OFAC hits and dispositions;

• Prepare monthly statistics and monitor trends and patterns of concern;

• Keep abreast of Head Office directives, OFAC sanctions, relevant EU and OSC Sanctions and respective reporting requirements;

• Be one of the central points of contact for OFAC related escalations and issues;

• Seek guidance directly from OFAC as necessary;

• Responsible for timely OFAC reporting (i.e.: Annual Blocked Property, Blocked or Rejected Transactions);

• Develop and provide sanctions related training for employees;

• Perform Quality Assurance of sanctions screening alerts reviewed by the Operations areas

• Perform systems and user acceptance testing as needed

• Ensure appropriate escalation of sanctions related matters as needed;

• Keep management abreast of important initiatives and changes by U.S. authorities and regulators;

• Miscellaneous responsibilities, including addressing internal and external findings, as required.

Experience /Qualifications/Education:

• Minimum of Bachelors' Degree; JD optional

• 2-3 years of experience in Sanctions (primarily OFAC)

• Strong practical knowledge of laws applicable to money laundering, including the Bank Secrecy Act, USA PATRIOT Act, US Treasury AML guidelines, OFAC requirements and Suspicious Activity Reporting

• Good organizational, communication (oral and written), investigative and administrative ability

• Able to function independently and as part of a team

Disclaimer:

The above statements are intended to describe the general nature and level of work being performed by people assigned to this position. This document is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities required by the incumbents. Job responsibilities are subject to change, with or without notice. All employees may be required to perform duties outside of their normal responsibilities at any time at the Firm's total discretion.

This document does not constitute a contract of employment with you of any kind, express or implied for any duration, or with respect to any of its stated or omitted terms. As described in the Firm's employee handbook, the Firm reserves the right to terminate your employment with or without cause, notice or reason at any time at its sole discretion.