Employee will be responsible for reviewing, investigating, and documenting research and decisions related to OFAC alerts and other sanction list screening issues; including, but not limited to: Wires, ACH/IAT, Letters of Credit, Investments, Insurance, customer on boarding and related transactional activities, Domestic Collection and Lockbox Foreign Exchange items, producing and updating system reports, fielding daily referrals to investigate identified OFAC listed suspects and OFAC Sanctions Program countries prior to the release or acceptance of the above listed items. Assist the OFAC Manger and OFAC Senior Group Manager with the preparation and filing of investigations, reject reports, block reports, and other related documentation.
The employee will have internal, and possible external customer contact/communication with the branch and/or Relationship Manager to obtain missing or requested information, and for any questions the customer may have concerning their account and/ bank’s processes/procedures. Internal transaction reviews/investigations conducted on existing accounts may also be elevated to the AML unit as necessary.
Team Leads will have additional responsibilities assigned by the OFAC Manger and lead a group of OFAC Analysts/Investigators to ensure all daily transactions are OFAC-screened and responsible for ensuring a second procedural/quality review of pertinent live transactions for approval.