OFAC Sanctions Consultant

2 weeks ago

New York NY United States Michael Page Full time

The OFAC Sanctions Consultant will review internal/external referrals and conduct transaction reviews to identify potential sanctions risks, assist in developing typologies for an automated sanctions risk tool, and support post-hoc payment lookback reviews. The role requires strong sanctions knowledge, business writing expertise, and the ability to clearly articulate facts in recommendations, with 5+ years of experience and a CAMS certification preferred.

Client Details

Our client is a leading global financial institution with a strong presence in international banking and a comprehensive range of financial services. With a focus on corporate, retail, and investment banking, they are recognized for their extensive expertise in foreign exchange, trade finance, and cross-border services. Operating in major financial centers worldwide, our client plays a crucial role in facilitating global trade and investment, supporting the economic growth of businesses and individuals alike.

Description

As an OFAC Sanctions Consultant, you will be responsible for:

  • Review referrals to identify potential OFAC sanctions issues.
  • Assist with reviews of returned payments and past transactions for possible sanctions violations.
  • Conduct routine transaction reviews to spot potential sanctions risks.
  • Analyze returned payments for OFAC sanctions issues and compare them to past Voluntary Self-Disclosures (VSDs).
  • Help draft guidelines for detecting sanctions risks using the Sanctions Intelligence Tool.
  • Document reasons behind sanctions-related decisions and findings.
  • Train and guide newer staff on sanctions-related tasks.
  • Support the creation of an automated tool to improve sanctions risk detection in payments.
  • Work with the VP of Sanctions Investigations to manage sanctions compliance projects.

Profile

The successful OFAC Sanctions Consultant Candidate has the following background/prior experiences:

  • 5+ years of relevant experience in OFAC Sanctions compliance.
  • Bachelor's degree required.
  • CAMS (Certified Anti-Money Laundering Specialist) preferred.
  • Strong knowledge of OFAC Sanctions and sanctions compliance.
  • Strong business writing skills.
  • Experience with Voluntary Self-Disclosure (VSD) formatting.
  • Ability to clearly articulate facts and recommendations in sanctions investigations.

Job Offer

Our client offers a competitive hourly pay rate and sick time, commuter, and medical benefits.

MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.

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