FINANCIAL INTEL SPEC-SANCTIONS
WHAT IS THE OPPORTUNITY?
Responsible for researching, analyzing and resolving potential name matches to OFAC or other government watch lists which may involve potential sanction violations or lack of adherence to restrictions placed by government agencies. Identifies and escalates potential name or country matches for additional investigations as necessary. May participate in preparation of required reporting to OFAC or other government agencies
Risk Management Division
This is a great opportunity to grow your career with a stable and expanding organization as a member of City National’s Risk Management team. The focus is on ensuring business activities remain safe, compliant and well-positioned for future opportunity and sustainable growth.
WHAT WILL YOU DO?
- Researches, analyzes and resolves alerts generated through various bank systems to resolve potential name or country matches involving OFAC sanctioned individuals, entities or countries.
- Escalates items to a senior member of the team upon identification of an actual OFAC name match or associated country risk.
- Researches, analyzes and resolves alerts generated to other government watch lists, including Bureau of Industry and Security, Politically Exposed Persons, etc.
- Understands and is able to make recommendation for appropriate action to take upon discovery of an actual match to any of the government watch lists.
- Recognizes and refers opportunities to reduce false positive name matches to management team.
- Establishes and maintains documentation to support clearance of potential name or country matches as required by established procedures.
- Researches and prepares responses to inquiries received via SWIFT messaging from other financial institutions surrounding processed transactions.
- Participates in user acceptance testing of job related systems.
- Presents training material or best practices through Team meetings.
- Acts as liaison with other areas of the Bank and federal agencies as needed.
- Attends internal and external meetings, seminars, workshops, etc. to expand professional expertise.
- Integrates activities with other departments to accomplish common goals.
- Maintains up-to-date knowledge of Bank policies, procedures and industry best practices.
WHAT DO YOU NEED TO SUCCEED
Must-Have*
- H.S. Diploma
- Minimum of 3 years of experience in Banking Services, branch operations, risk management or related function
- Minimum of 2 years of BSA/AML/OFAC experience.
- Minimum of 2 years of experience using Microsoft Office.
Skills and Knowledge
- Working knowledge of banking operations, government regulations, accounting principles and account reconcilement.
- Understanding of OFAC sanctions required.
- Excellent problem solving and analytical skills required.
- Good verbal and written communication skills required to interact with all levels of Bank personnel and outside contacts.
- Analytical skills and fundamental knowledge of general banking operations.
- Use of good judgment, attention to detail, internet savvy.
- Good knowledge of OFAC, Bank Secrecy and USA PATRIOT acts.
- Ability to manage repetitive tasks with accuracy and speed.
Compensation
Starting base salary: $24.46 – $36.69 per hour. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
*To be considered for this position you must meet at least these basic qualifications
The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
Benefits and Perks
At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues. Get an inside look at our Benefits and Perks.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
City National Bank is an equal opportunity employer committed to diversity and inclusion. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by law.
ABOUT CITY NATIONAL
We start with a basic premise: Business is personal. Since day one we’ve always gone further than the competition to help our clients, colleagues and community flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues to drive phenomenal growth today. City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies.
Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled