OFAC Analyst

Job Description

Responsibilities:

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• Review personal and business customers KYC and CIP documentation for accuracy completeness, and compliance with policies and procedures
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• Provide guidance to retails with respect to CIP policies and procedures
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• Identify suspicious activities, money laundering, or terrorist financing by performing new customer due diligence
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• Perform research and investigation for new personal and business customers
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• Review currency transaction reports (CTR) to ensure all the information, including the dollar amount are correctly entered
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• Obtain, search, document, and log FinCEN 314(a) information request
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• Review OFAC dispositions made by business units to ensure all possible matches are correctly disposed
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• Assist in administrative tasks associated with OFAC and suspicious activity reporting including maintaining an OFAC update log and updating internal black list
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• Make determinations to escalate matters for further investigation
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• Attend required BSA/AML/OFAC related training
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• Work on any other tasks assigned by BSA / OFAC Manager or Deputy BSA/OFAC Officer.
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