AML Sanctions

Job Title: Compliance Analyst (AML Sanctions Focus)

Job Description:

We are seeking a highly skilled Compliance Analyst with specialized expertise in Anti-Money Laundering sanctions to join our team. The ideal candidate will possess a comprehensive understanding of AML regulations, particularly in relation to sanctions screening processes and OFAC sanctions requirements.

Responsibilities:

• Conduct thorough sanctions screening processes in compliance with regulatory standards and organizational policies.
• Maintain up-to-date knowledge of OFAC sanctions requirements and ensure adherence to relevant guidelines.
• Implement and oversee Customer Identification Program (CIP) onboarding processes with a strong focus on Know Your Customer (KYC), Customer Due Diligence (CDD), and Enhanced Due Diligence (EDD) procedures.
• Analyze and assess diverse customer types to ensure compliance with AML regulations and mitigate potential risks.
• Collaborate with internal stakeholders to enhance compliance measures and mitigate risks effectively.
• Stay informed about industry trends, regulatory changes, and best practices in AML sanctions to continuously improve processes and procedures.

Qualifications:

• Bachelor's degree in Finance, Business Administration, or related field.
• Minimum of 5 years of experience in AML compliance, with a specific focus on sanctions screening.
• Strong understanding of AML regulations and OFAC sanctions requirements.
• Experience with CIP onboarding processes, KYC, and CDD/EDD procedures across various customer types.
• Excellent analytical skills with the ability to interpret complex regulatory requirements and apply them effectively.
• Effective communication and collaboration skills to work with cross-functional teams.
• Attention to detail and ability to work efficiently in a fast-paced environment.
• Relevant certifications (e.g., CAMS) are a plus.