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BNP Paribas · 12 hours ago

Assistant Vice President-Sanctions Enforcement Specialist

Jersey City, NJ

Full-time

Onsite

Mid Level

$75K/yr - $85K/yr

3+ years exp

BNP Paribas is a leading bank in Europe with a strong international presence, including operations in the US. They are seeking an Assistant Vice President-Sanctions Enforcement Specialist to perform compliance reviews and investigations related to sanctions violations, ensuring adherence to regulatory guidelines and managing escalated transactions effectively.

BankingConsumer LendingFinancial ServicesInnovation ManagementWealth Management

Responsibilities

Perform a Level 2 review of transactions that are referred to the OFAC Exception queue for potential sanctions violations

Manage the OFAC Exception queues in order to ensure our deadlines are being met

Conduct investigation on payments that need to be held for regulatory reasons pending additional information

Conduct investigation on payments that are held by the next bank in chain for regulatory reasons

Ensure adherence to all external regulatory and internal policy guidelines as dictated by the position

Perform other support operations functions to other areas within the bank as required

Review and analyze wire transfers, ACH payments and non-payment SWIFT messages escalated by Level 1 for potential sanctions violations

Ensure that all transactions escalated for Level 2 review are compliant to all external and internal regulations and policies

Monitor case investigations making sure that proper follow-up is being made and responses are being addressed in a timely manner

Analyze information obtained from case investigations to make a clear determination on the proper course of action to be taken on the payment

Validate file uploads to our filtering systems to ensure that list changes, additions or deletions are updated to the systems accurately

Add/modify/delete entities as requested by the USFS team

Ensure all payments comply with BNP Paribas group payment transparency policy

Participate in the department’s educational program through tutorials, training sessions, etc

Ensure SEE operations are conducted in the safest and most efficient manner possible

Maintain the highest possible regulatory standards of quality, while minimizing risk to both the Bank as well as to our customers

Make recommendation for procedural changes where deemed necessary

Keep abreast of changes, both regulatory and operational, which will have an impact on the department and the Bank

Work closely with the U.S. and Group Financial Services, Legal and the Treasury in performing wire transfer searches or handling regular case investigations when deemed necessary

Communicate with our customers and clients to expedite investigations

Escalate complex case investigations to the Team Leader

Extended hours/holidays may be required at times to meet operational needs

Make direct contribution to BNPP operational permanent control framework

Prepare and analyze various reports as needed