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