U.S. Bank Job - 31577016 | CareerArc
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Company: U.S. Bank
Location: United States of America
Career Level: Entry Level
Industries: Banking, Insurance, Financial Services

Description

This individual will partner with and support Enterprise Financial Crimes Compliance Office of Foreign Asset Control (OFAC)/Economic Sanctions Department, Business Lines, internal and external Legal Counsel as a subject matter expert on global Economic Sanctions policy, transaction and account decision making for the bank. Reporting to the Manager of Economic Sanctions Advisory, this position will require significant knowledge of OFAC/Economic Sanctions rules, license interpretation and regulations with the ability to provide consultative expertise to the Economic Sanctions Department and internal Business Lines on OFAC/Economic Sanctions related issues.

Essential Duties:

  • OFAC/Economic Sanctions decision making experience and expertise within the financial service industry as it pertains to the review of transactions, accounts and new business product requirements
  • Primary Enterprise Financial Crimes Compliance point of contact with OFAC, regulatory agencies, audit, AML, internal and external Legal Counsel on Sanctions matters
  • Ability to work in collaborative environment with domestic and international business partners to resolve complex Sanctions issues
  • Experience in performing investigations, detailed analysis, drafting written reports on OFAC/Economic Sanctions related issues, inquiries, subpoenas and presenting findings to Senior Management and Legal Counsel
  • Experience in drafting OFAC block and reject reports
  • Maintains oversight of all bank blocked assets and related internal controls
  • Maintains oversight of the Sanctions internal watch list, develops unit procedures as needed
  • Ability to lead multiple internal projects, complete action items, business requirements and meet tight project and processing deadlines
  • Conducts training sessions for internal bank personnel on various Sanctions topics
  • Additional assignments as required
  • Travel and overtime with availability outside BAU working hours as needed





Qualifications

Basic Qualifications:

  • Bachelor's degree, or equivalent work experience
  • Seven to ten years of applicable experience


Preferred Skills/Experience:

  • Considerable knowledge of business line's operations, products/services, systems, and associated risks/controls within a bank
  • Excellent working knowledge of transactional and customer screening systems (i.e. Fircosoft and Bridger)
  • Excellent written, verbal and senior level presentation skills
  • Strong analytical, problem-solving and negotiation skills
  • Considerable knowledge of applicable laws, regulations, financial services, and regulatory trends that impact OFAC/Economic Sanctions
  • Advanced knowledge of Risk/Compliance/Audit competencies
  • Strong leadership and management skills of processes, projects and people
  • CAMS Certification
  • Law Degree



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