Associate, OFAC Analyst I

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process. Associate, OFAC Analyst I Compliance Full Time Compliance New York, NY, US 2 days ago Requisition ID: 1100 Salary Range: $75,000.00 To $90,000.00 Annually

JOB SUMMARY :

CFSB (Community Federal Savings Bank) is a federally chartered financial institution that provides banking and payment solutions for consumers, businesses, and fintech partners. The bank specializes in supporting embedded finance, Banking-as-a-Service (BaaS), and payment processing while offering traditional banking products such as deposit accounts and lending services. CFSB is recognized for its strong regulatory and compliance focus, partnering with innovative financial technology companies to deliver secure, scalable financial services in a highly regulated environment. Within the OFAC Team of the Financial Intelligence Unit, this role analyzes OFAC alerts yielded from CFSB's full range of offered banking services including ACH settlement services, pre- paid card issuance, and retail banking for our general customer base and the various types of Money Services Businesses and FinTech companies serviced by CFSB. In this role, you will display a high degree of professionalism and integrity through their work and will possess a solid understanding of OFAC sanctions, Anti-Money Laundering (AML) and Bank Secrecy Act (BSA) regulations. Responsibilities: Conduct sanctions screening of real-time and post-transactional alerts in the Bank's automated sanction screeningsolutionforpotentialviolationsofOFACandothergovernmentalsanctions.Investigatepotential matches and true positive hits; elevate for further review and approval as required by procedure ReviewdailymanualreportsforOFACscreening,documentingthereviewsandreportingfindingsto management as necessary. Identifypotentialmatchesthatwarrantadditionalresearch;escalatepotentialsanctionsviolationsand/or reputational/financial risks accordingly and document the resolution. Ensureescalationofalertsareproperlyhandledanddocumentedaccordingtoprocedures Interactwithotherdepartments/linesofbusinessonresolutionofissues(e.g.,OperationsDepartment,CFSB clients). StayabreastofregulatorychangesandAMLrelatednews,withanemphasisonOFACsanctions-related developments.Ensure timely completion of all mandatory training requirements. Effectivelyutilizeandoperatealltoolsandtechnologyappropriatetotherole. Identifypotentialstrategicprocessimprovementsandassistwithimplementation.Assistotherteamswithin Compliance when needed Ensuretimelycompletionofallmandatorytrainingrequirements. Knowledge,Skills,andAbilities: 1to3yearsinanOFACscreening-specificrole FamiliaritywithOFACscreeningwithinACHandwiretransfertransactionthreads Ability to obtain necessary information to classify an OFAC hit as a "match" or "not a match" with minimal guidanceandsupervision.Abilitytomakeaccuratedecisionssupportedbydetaileddocumentationjustifying decisions. Organized, detail- oriented, self-motivated, and strong communication, writing, and follow-up skills Abilitytoliaisebetweeninternalbusinesslinesandexternalvendorsandclients,andtoworkwellboth independently and as part of a team Abilitytoworkdependablyandconsistentlyunderteamconstraints,andtomanagetimeefficientlyand effectively Strongresearch,analysis,communication,writing,andfollow-upskills.Abilitytoidentify,escalateandresolve a problem UnderstandingofcomplianceandBSA/AML/OFACregulatoryrequirementsandimplications Education, Training, and Experience: ExperiencewithOFACsanctionscreeningofvariouscustomertypesdesired(e.g.,MoneyServicesBusinesses such as money transmitters; pre-paid card programs; debit card programs: and retail banking customers). ProficiencyinstandardMicrosoftSuiteprograms ExperiencewithCGIHotScan'ssanctionsscreeningsolutionaplus About Community Federal Savings Bank (CFSB) Community Federal Savings Bank (CFSB) is a federally chartered bank founded in 2001 and headquartered in New York City. CFSB has focused on providing superior service and added value to clients though a solid understanding of relationship banking. We offer a full range of services, including loans, bill payments, card services, internet banking, and merchant processing. We are an equal opportunity employer and do not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, disability, military and/or veteran status, or any other Federal or State legally-protected classes. #J-18808-Ljbffr ADP, Inc.