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Sanctions Officer

Company: US Tech Solutions
Location: Jersey City
Posted on: June 19, 2022

Job Description:

Sanctions OfficerLocation: Jersey City, NJ/HybridDuration:4+ months contract Responsibilities:

  • Provide advice to various lines of business on sanctions regulations and internal sanctions policies.
  • Conduct Sanctions focused enhanced due diligence on trade finance activities (e.g. letters of credit) and identify Sanctions risks and red flags.
  • Investigate and decision escalations and alerts from transactional, static data, client onboarding and other escalation sources. Thoroughly document and maintain related investigation files.
  • Ensure escalation of significant sanctions-related matters to the Head of Sanctions Compliance.
  • Perform ad hoc investigations and analysis in support of block/reject reports, or voluntary disclosures to OFAC, of any regulatory enquiries, and as requested.
  • Assist with coordination of materials for internal and external Sanctions-related examinations.
  • Assist with remediation efforts related to the Sanctions compliance program.
  • Keep abreast of sanctions regulatory developments and of internal sanctions policies.
  • Assist with Sanctions related projects and initiatives.
  • Perform other duties as assigned.
  • Comply with applicable BNPP policies governing employee work and conduct.Minimum Required Qualifications
    • Five years + of experience in a financial services industry or regulatory environment; at least 3 years in OFAC/ Financial Sanctions compliance.
    • Bachelor's degree from an accredited college/university in Accounting, Finance, Legal, Economics or related discipline.
    • Strong analytical skills to review and analyze Sanctions related inquiries and escalations.
    • Strong investigative skills for potential Sanctions violation and trends
    • Strong computer skills, particularly MS Excel and MS Powerpoint
    • Strong written and oral presentation skills
    • Possess a strong understanding of corporate governance and the OFAC, EU, French Sanctions regulatory environment
    • Ability to understand the importance of privileged and confidential information
    • Ability to work on multiple projects and meet timely deadlines

Keywords: US Tech Solutions, Jersey City , Sanctions Officer, Other , Jersey City, New Jersey

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