Rabobank · 5 days ago

Sanctions Analyst

New York, NY

Full-time

Onsite

Mid Level

$90K/yr - $110K/yr

2+ years exp

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Responsibilities

Conducts second line reviews of sanctions watchlist alerts generated by the automated transaction filtering and client screening systems, manual reports or internal referrals.

Conducts advisory reviews to assess and mitigate sanctions risk on clients and prospects undergoing onboarding, periodic, or event-driven reviews.

Proactively recommend list additions; removal of list entries, tuning guidance and amend records.

Provides assessments of client sanctions exposure to be integrated into the CDD/EDD Management Insights.

Conducts research and analysis on the sanctions language for new or amended credit agreements.

Provide timely advice and guidance to all appropriate business units and stakeholders for Sanctions related concerns.

Investigate and review complicated investment deals, trade finance transactions, and escalations from the various lines of business.

Assists the Sanctions Manager in preparing the deliverables for regulator exams and provides support in the exam calls as necessary.

Document investigation steps performed and document the rationale for decisions reached.

Reviews and investigates PEP screening alerts from a second line monitoring objective utilizing the client screening system, internal Customer Due Diligence systems and third-party sources.

Escalate potential sanctions issues to the Sanctions Manager and escalate any potentially unusual activity from an AML perspective.

Supports the first line of review in designing and operating relevant sanctions processes and provide input for training and development.

Assist with updating of the Sanctions Procedures. Meet with, respond to, and remediate issues identified by Internal Audit, Compliance Testing Group, and Quality Control Team.

Where appropriate, facilitate Requests for Information (“RFIs”) with the Front Office in the investigation of sanctions or PEP cases.

Review escalations related to trade finance deals and payments require OFAC general or Specific licenses.

Create, update and maintain case files documenting relevant information used in an investigation.

Assist with the validation of the Sanctions and PEP alert systems and participate in any testing of new releases or updates of current systems as necessary.

Conduct ad hoc trainings to key stakeholders.

Qualification

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Sanctions ExperienceAutomated Monitoring ToolBanking Regulations KnowledgeProblem SolvingVerbal CommunicationWritten CommunicationHighly MotivatedFocusedOrganizational SkillsTime ManagementPrioritization SkillsAccountabilityCommitmentTeamwork