Position Title
Sanctions Analyst
Location
NYCB Plaza - 100 (Hicksville, NY)
Job Summary
The Sanctions Analyst is responsible for maintaining certain aspects of the Bank's BSA/AML compliance program and assists in meeting and maintaining BSA/AML compliance requirements of the Bank.
Complies with all applicable, federal and state laws, regulations and guidance, including those related to Anti-Money Laundering (i.
e.
Bank Secrecy Act, USA PATRIOT Act, etc.
), as well as adhering to the Bank’s policies and procedures to reduce loss/risk to the Bank.
Pay Range: $24.
36 - $34.
62 - $44.
87
Job Responsibilities:
(90% of time) Responsible for the overall daily review, investigation and clearance of all potential sanction matches including new accounts, wires, ACH.
(5% of time) Escalate potential sanctions matches to senior colleagues.
(5% of time) Engage in additional assignments as directed by management.
Attend and participate in team/department staff meetings and continuing education training.
Acquire knowledge and maintain currency of all compliance, regulatory, and business unit policy, standard and procedure requirements associated with the job.
Ensure compliance with applicable federal, state and local laws and regulations.
Complete all required compliance training.
Maintain knowledge of and adhere to internal compliance policies and procedures.
Take responsibility to keep up to date with changing regulations and policies.
Performs special projects, and additional duties and responsibilities as required.
Consistently adheres to regulatory and compliance policies and standards linked to the job as listed and complete required compliance trainings.
Accountable to maintain compliance with applicable federal, state and local laws and regulations.
Job Qualifications:
High School / High School Equivalency (GED, HiSET, TASC) / Foreign Equivalent Field of study required or equivalent work experience: Finance, accounting, business management, or criminal justice
One to three years of experience in Sanctions/OFAC Processes
Good knowledge and understanding of general BSA/AML, OFAC, and USA PATRIOT Act and risk management principles
Knowledge of core banking systems, and BSA monitoring systems
Knowledge of banking regulations
Computer literacy skills with proficiency in Microsoft Office as well as Internet research techniques
Sound analytical and problem-solving skills
Ability to meet deadlines and manage multiple tasks in a fast-paced environment
Excellent communication, time management and investigative skills
High degree of accuracy and attention to detail
No travel requirements
Physical demands (ADA): No unusual physical exertion is involved
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