Job Description

Assists in OFAC (Office of Foreign Asset Control) screening and research of possible matches within organizaion payment, vendor, insured and employee databases. Identify risk and trends by SBU and database sector. Uses compliance software, including but not limited to Prime and ISO. Performs software interface testing. This position supports organization program for managing compliance with economic and trade sanctions. Sanctions are laws that place prohibitions on commercial activities with targeted countries, groups, or individuals. Sanctions seek to achieve national security and foreign policy goals including combating terrorism, financial crimes, narcotics trafficking, and the proliferation of weapons of mass destruction. Specifically, the compliance investigator will focus on economic and trade sanctions investigations. The position will use compliance software, internal and external databases, and open source data to complete investigations. Additionally, the position is responsible for identifying risk and efficiency related trends to advance the screening operation. Supports other Global Financial Crimes projects as required. This position requires conducting investigations daily, but also includes significant project management, data analytics, and process improvement responsibilities.

Responsibilities

• With input from Compliance Manager, assists management with the implementation and update of procedures that address regulations and shares results that facilitate the knowledge base and development of all compliance team members.
• Reviews the research and waiver recommendation of first level investigators on possible OFAC matches. Review must be timely and assessment must have solid rationale.
• Participates in the testing of new interface files into Prime Associates software or upgrades to vendor software.
• Communicates clearly, risk assessment and approach to management of false positive matches of organization data against the OFAC or other identified government screening list.
• Discusses less complex cases with OFAC where available data is inconclusive. Shares OFAC review with Compliance Supervisor and/or Manager. If requested, assists in updating and developing department's OFAC review procedures.
• Investigates potential sanctions matches with the goal of determining whether to halt business transactions or allow them to proceed based on compliance protocols.
• Participates in globally diverse projects related to screening operations
• Conducts analytical assessments of current state processes and procedures, designs, tests, and implements process improvements designed to reduce enterprise risk and increase productivity and efficiency of the sanctions screening team.
• In conjunction with attorneys, assists global business units with review, research, and risk assessment of potential policyholders in order to identify any potential enterprise risks associated with sanctions for a given coverage.

• 3-5+ years of progressive experience
• Excellent interpersonal skills and ability to find solutions quickly
• Flexible to work extended hours & varied shift timings basis business requirements
• Exceptionally good MS office skills including MS Visio & PDF Pro applications
• Specialized industry experience in Insurance, healthcare & BFSI segments is preferred