Sanctions Specialist

Job Title: Sanctions Specialist

Location: Jersey City, NJ 07310.

Contract: 6 Month Contract

Description:

· Reviews and tracks business transactions and activities for a given subset of the organization and confirms compliance with international regulations, laws and ordinances.

· Identifies and investigates sanction violations, conducts research on regulations causing violations, and collects evidence to identify the root causes of sanction violations.

· Documents and archives sanction violation incidents for future reporting, transaction processing, and reference for new business operations.

· Analyzes risks associated with given transactions and operations and determines appropriate solutions to address the risks.

· Stays knowledgeable about international law and sanction updates to keep the organization informed.

Responsibilities:

· Perform a Level 2 review of transactions that are referred to the OFAC Exception queue for potential sanctions violations and manage the queues in order to ensure our deadlines are being met.

· Conduct investigation on payments that need to be held for regulatory reasons pending additional information and monitor case investigations to make sure that proper follow-ups are being made and responses are being addressed in a timely manner. Analyze information obtained from case investigations to make a clear determination on the proper course of action to be taken on the payment.

· Work closely with the U.S. and Group Financial Services, Legal and the Treasury in performing wire transfer searches or handling regular case investigations when deemed necessary.

· Ensure that all transactions escalated for Level 2 review are compliant to all external and internal regulations and policies.

· Validate vender added file uploads to our filtering systems to ensure that list changes, additions or deletions are updated to the systems accurately and add/modify/delete entities to the local list as requested by the USFS team

· Ensure all payments comply with BNP Paribas group payment transparency policy.

· Make direct contribution to BNPP operational permanent control framework.

· Prepare and analyze various reports as needed

· Make recommendation for procedural changes where deemed necessary.

Minimum Required Qualifications

· Associate/BA degree from accredited college/university.

· 2 – 3 years' experience in OFAC and Sanctions investigation.

· Strong understanding of Regulatory awareness, and the regulations that govern it.

· Proficient knowledge and understanding of the OFAC processes and procedures.

· Knowledgeable of Funds Transfer operations as well as the rules and regulations that govern it.

· (This will include CHIPS, Fedwire, SWIFT, LYNX and ACH).

· Excellent communication, verbal and written skills, as well as, attention to detail and accuracy.

· Self-motivated and ability to multi-task in a high-volume and fast-paced environment.

· The candidate must possess knowledge and basic understanding of MS Word, MS Excel, MS Outlook, MS PowerPoint