New job OFAC, Sanctions Anti-Money Laundering VP, Global Transactions New York

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Group: JOBS 2.0: Job Search Career Networking Staffing. Post Resume -Get Paid by Employers at Resumark .com Subject: OFAC, Sanctions Anti-Money Laundering VP, Global Transactions New York Gerald Elliott posted a job: OFAC, Sanctions Anti-Money Laundering VP, Global Transactions New York "Top-tier investment bank seeks an OFAC Anti-Money Laundering VP to support the Global Transaction Bank AML Advisory Function and the OFAC and Sanctions program for the Americas. Primary responsibilities will include AML compliance coverage of the Global Transaction Bank. GTB consists of Corporate and Financial Institution Cash Management, Corporate Trust, and Trade Finance. The role will also have significant responsibility for reviewing escalations generated by the OFAC filter, and preparing, organizing and filing of transaction reports with the Office of Foreign Assets Control (“OFAC”). • Development of Policies and Procedures to ensure compliance of AML requirements applicable in a commercial transaction banking environment. • Business advice and review of new product initiatives to ensure AML issues are understood and addressed. • Handling of escalations of high-risk new client adoptions, including identification of AML or reputational issues. • Interaction with group audit when required. • AML Training development and delivery on various topics related to AML in transaction banking. • Prepare and distribute reports to OFAC regarding blocked and rejected transactions. Responsible for maintaining OFAC files and preparing OFAC Annual Report. • Monitor OFAC Website for updates. Create and disseminate OFAC bulletins to the firm’s business lines, keep track of responses, and escalate any positive responses for further investigation. Respond to internal and external inquiries regarding OFAC-related issues. • Monitor Department of Commerce Website for updates to the Denied Person’s List. Disseminate these updates to the firm’s business lines, keep track of responses, and escalate any positive responses for further investigation. • Review and clearance of escalations to compliance of possible OFAC-related transactions. • Design and create PowerPoint presentations, Excel Spreadsheets, and Word documents as directed for senior members of the Compliance Department. • Conduct online research for information and articles related to money laundering, terrorist financing, the Bank Secrecy Act (“BSA”), the USA Patriot Act and OFAC-related issues. Qualifications: • Must have experience in evaluating and investigating transactional data. • Must be able to identify matters that require further analysis and investigation. • Must have investigative and/or analytical research experience. • Must currently have or be able to develop a general understanding of the Bank Secrecy Act, the USA Patriot Act, and OFAC regulations. • Must be computer literate (Lotus Notes, Word, and Excel). • Must be able to interact with senior management • Must possess effective organizational and communication (both oral and written). • Must be highly flexible, multi-task oriented and capable of changing directions based on business demands. • Must have working knowledge of, and take initiative in keeping up to date with, regulatory changes in the areas of AML and OFAC compliance. • Must utilize discretion in dealing with sensitive matters relating to potentially suspicious activity and business relationships. • Compliance, operational risk management, investigative or audit experience a plus. To apply please submit your resume to Info@compliancesearch.com"

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