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BBVA · 3 weeks ago

COMPLIANCE ANALYST II

New York

Full-time

Hybrid

Entry, Mid Level

$90K/yr - $105K/yr

2+ years exp

BBVA is a global company with over 160 years of history, operating in more than 25 countries. The Compliance Analyst II will support the New York Branch’s Sanctions Program by performing daily sanctions screening activities and ensuring compliance with OFAC regulations and AML policies.

AccountingBankingFinanceFinancial ServicesLending

Comp. & Benefits

No H1B

Responsibilities

Responsible for the live monitoring of payments and messages via the banks OFAC filtering system to ensure all transactions are in compliance with OFAC regulations and AML policies

Block, reject, and report transactions to OFAC as needed

Perform quality assurance testing for payments, messages, and OFAC stripping reviews for potential manipulation of transaction details

Perform quality assurance checks and validations of OFAC filtering systems to ensure systems are compliant per periodic release of OFAC SDN updates

Review escalations from the Client Onboarding team pertaining to new and existing clients, as well as Counterparty relationships with respect to potential OFAC hits, negative news, and PEP hits

Provide guidance and advisory on OFAC matters to other associates/analysts within the group and other business units

Develop and deliver Sanctions related training as needed

Update OFAC logs and other items as needed

Participate in user acceptance testing of new tools to measure the systems efficiency prior to production

Participate in Ad-hoc management requests with relation to Global Sanctions

Stay abreast of new laws and regulations that involve Global Sanctions Compliance

Other duties assigned by management, including supporting other BSA Department areas as needs arise (e.g., Investigate alerted transactions for AML/Sanctions risks and provide guidance on SAR filings as needed.)

Qualification

BSA/AML knowledgeOFAC regulationsSanctions experienceCAMS designationLexisNexis proficiencyWorld-Check proficiencyAnalytical abilitiesSpanish languageTeam playerDetail oriented

Required

Bachelor's Degree required. Knowledge of BSA/AML and OFAC rules and regulations

Must have at least 2-3+ years of Sanctions related experience, with demonstrated second-level review experience

Must be a team player for real-time coverage of functions on a consistent basis

Must be able to interface with Senior Management and exhibit a high level of professionalism

Experience in conducting complex investigations/escalations and performing research using resources such as LexisNexis and World-Check

Will be expected to prepare reports, utilize and leverage tools such as Excel, Word, PowerPoint, etc

Ability to work together with other teams and departments to complete tasks as needed

Ability to follow internal policies and procedures

Oral, written, and analytical abilities are crucial

Must be a motivated self-starter willing and be able to learn and hone new skill sets, be detail oriented, and work under pressure with multiple deadlines

Knowledge of regulatory watchlists such as OFAC, EU, BIS, as well as current geopolitical developments, and its potential impact on the banking industry

Preferred

Active Certified Anti-Money Laundering Specialist (CAMS) designation (preferred) or Certified Global Sanctions Specialist (CGSS) Designation, or ability to acquire within 180 days of hire

Experience with systems such as FircoSoft, LexisNexis, World-Check, Fenergo, would be a plus

Ability to read, write, and/or speak Spanish is highly desirable