Sanctions and OFAC Operations Analyst

Immediate need for a talented Sanctions and OFAC Operations Analyst. This is a 06+months contract opportunity with long-term potential and is located in NYC, NY (Hybrid). Please review the job description below and contact me ASAP if you are interested.

Job ID: 24-30495

Pay Range: $42/hour. Employee benefits include, but are not limited to, health insurance (medical, dental, vision), 401(k) plan, and paid sick leave (depending on work location).

Key Responsibilities:

• A diverse and inclusive environment that embraces change, innovation, and collaboration.
• A hybrid working model, allowing for in-office / work from home flexibility, generous vacation, personal and volunteer days
• Employee Resource Groups support an inclusive workplace for everyone and promote community engagement
• Competitive compensation packages including health and wellbeing benefits, retirement savings plans, parental leave, and family building benefits
• Educational resources, matching gift and volunteer programs
• Support in protecting DB from legal, regulatory and reputational risk with regard to business involving sanctioned entities and/or countries.
• Diligently investigate payment messages escalated from Regulatory Filtering Operations to US Sanctions Compliance for potential sanctions, AML, or policy violations.
• Accurately apply OFAC and EU regulations and DB policy to payment messages and coordinate significant issues requiring further escalation within DB Anti-Financial Crimes and across business and operations.
• Monitor the regulatory situation in the region, and assist in ensuring significant events impacting DB are addressed as need be.
• Interface with client service officers on transaction-related requests and decide on these in full compliance with all applicable sanctions regulations as well as the DB’s policies and procedures.
• Identify and escalate issues which are not addressed by current policies or standards, draft and implement possible solutions.
• Maintain and manage internal watch lists, and coordinate with Regulatory Filtering Operations in the timely and accurate implementation of all watch lists.
• Assist in timely maintenance of records in accurate and auditable format.
• Support sanctions-relevant reporting obligations involving countries in the region to the competent authorities.
• Assist in the collection of information in response to law enforcement, regulatory, or internal inquiries.
• Knowledge of Sanctions laws/regulations to provide guidance to business and compliance staff
• Report any risk relating to the duties and responsibilities described hereunder and any event or incident that is capable of creating or constituting such a risk to the Head of Sanctions Compliance

Key Requirements and Technology Experience:

• BA/BS required. JD/Masters preferred.
• Past experience in AML or Sanctions Compliance and operations in a Global Financial Institution, Transaction Monitoring/Transaction Filtering, Name List Screening, etc. highly desirable.
• Strength in U.S. economic sanctions regulations.
• Proficiency Microsoft Excel and PowerPoint.
• Strong, independent self-starter & problem solver.
• Strong project management or evident ability to influence management and adhere to deadlines.
• Team player and self –starter, able to act on own initiative and learn quickly.
• Highly organized and pays attention to detail.
• Detail oriented and organized, as well as proactive in follow up on pending deliverables.
• Ability to work across geographic & cultural boundaries to achieve organizational goals & objectives.
• Ability to prioritize requirements to achieve regulatory or audit requirements.
• Ability to deliver timely and quality execution in a fast-paced and high-pressured environment.
• Ability to act decisively and manage multiple projects simultaneously.
• Strong drafting, analytical and communication skills.
• Required to work Mandatory adherence to Client timeframes and flexibility to work extended hours to meet deadlines when necessary

Our client is a leading Banking Industry, and we are currently interviewing to fill this and other similar contract positions. If you are interested in this position, please apply online for immediate consideration.

Pyramid Consulting, Inc. provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, colour, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.