Sanctions Analyst Job Description
Sanctions analyst
provides guidance and support to the business concerning global sanctions and anti-money laundering (AML) compliance, including OFAC reporting, USA Patriot Act compliance, and third-party due diligence.
Sanctions Analyst Duties & Responsibilities
To write an effective sanctions analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included sanctions analyst job description templates that you can modify and use.
Sample responsibilities for this position include:
To undertake quality assurance on past transaction decisions, including those originating from Moscow office
To work on ad hoc projects or enhanced reviews as sole contributor or member of a wider project team, representing Compliance and providing added value as required
Provide feedback and escalate issues identified from Sanction screening into clients’ KYC documentation and risk categorisation
In relation to breaches, dispensations and waivers to the Group Sanctions Policy ensure appropriate investigation of the issues, escalation to Group Compliance, drafting of quality detailed reports
To lead the detailed and complex analysis, investigation, research and evaluation of the business on a business change Project/Programme
To provide specialist, objective analytical insight based on work completed by Subject Matter Experts (SMEs) on a project
To formulate and present recommendations based on analysis in order to influence the decisions of senior project and business management
Mitigates Operational/Transactional risk through proactive measures being aware of various cut-off times, accurate processing and verification of payments
Provide training support for Sanctions positions in Payments Processing cross-training, external job shadows, and product knowledge sessions
Work closely with peers and Managers, Team Leaders and service partners
Sanctions Analyst Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Sanctions Analyst
List any licenses or certifications required by the position: CAMS, CFE, ACAMS, AML, RSO, LOB, CFCS, PMP
Education for Sanctions Analyst
Typically a job would require a certain level of education.
Employers hiring for the sanctions analyst job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Legal, Financial Services, Business, Finance, Computer Science, Education, MBA, Economics, Statistics, Engineering
Skills for Sanctions Analyst
Desired skills for sanctions analyst include:
AML/CTF compliance
Payment space
AML/CTF and Sanctions/OFAC Compliance
BSA/AML
Bank Secrecy Act
Tools
& USA Patriot Act regulations
Accounting principals and practices
Anti-Money Laundering
Banking policies
Desired experience for sanctions analyst includes:
Knowledge of banking / payment processing, especially familiarity with SWIFT payment message structures required
Relevant experience of Compliance activities particularly in relation to Sanctions preferred
Proven in-depth PC skills, good working knowledge of excel/access would be advantageous
Client/stakeholder/colleague management
Excellent task and time management, organisational and administrative skills Track-record in achieving results through other areas and/or resources outside the incumbent’s direct remit/control across multiple departments business change, support, client etc
Industry understanding (banking experience preferred
Sanctions Analyst Examples
1
Sanctions Analyst Job Description
Job Description Example
Our innovative and growing company is looking for a sanctions analyst. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for sanctions analyst
- Performing research on prospective and existing clients related parties to identify and analyse a sanctions nexus
- Conduct Quality Assurance (QA) reviews for the Sanctions Compliance team of dispositioned cases and transactions for compliance with established policies and procedures
- Ensure QA reports are prepared and distributed timely
- Liaise with stakeholders on QA results, trends, and best practices
- Review and maintenance of list changes in accordance with sanctions policies, procedures, and practices to ensure compliance with laws and regulations, including local Saudi list updates
- Work in tandem with onshore OFAC list maintenance team and the Compliance team
- Ensure performance/deliverables are in accordance with the global sanctions standards
- Interface with compliance for clarifications and additional information
- Lookback projects
- Adhere to processes and procedures
Qualifications for sanctions analyst
- Ability to establish and maintain good working relationships with internal stakeholders, achieve influence and support at a senior level
- Understanding of Project Management methods and disciplines
- Experience working with sanctions & AML regulations
- Bachelor’s degree or other higher education qualifications
- Experience in execution of AML/KYC analysis, and Client Due Diligence
- Good understanding of AML/ATF and sanctions programs and of relevant legislation
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Sanctions Analyst Job Description
Job Description Example
Our company is searching for experienced candidates for the position of sanctions analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for sanctions analyst
- Develop/Write Business Requirements with Compliance users
- Provide on-going support of the Sanctions Filtering application – PRIME’s OFAC Reporter
- Work with Compliance to identify appropriate methodology to cover various scenarios and validate existing setup
- Conduct and oversee Quality Assurance (QA) reviews for the Sanctions Compliance team of dispositioned cases and transactions for compliance with established policies and procedures
- Managing FIU-Sanctions projects, which includes drafting project plans, communicating updates to relevant stakeholders, ensuring timely completion of milestones, and identifying project risks and dependencies
- Mapping processes and identifying potential process improvements
- Driving initiatives to optimize investigations, while helping to develop and execute against key department objectives
- Drafting change-management-control documentation and procedures
- Assisting in the implementation and maintenance of policies and procedures
- Conducting due diligence on customers and related parties with sanctions concerns
Qualifications for sanctions analyst
- Process analysis, mapping and design
- Strong writing, communication, analytical and research skills
- The ideal candidate will be highly analytical and self-motivated, adept at working independently or in a team on multiple and varied tasks, often under pressure, and capable of working collaboratively with employees from all levels of the organization
- Knowledge of banking / payment processing, especially familiarity with SWIFT and other payment message structures desirable
- Performing first level handling of Anti-Corruption & Sanctions escalations and presenting appropriate analysis the team head
- Conducting Anti-Corruption and Sanctions due diligence and background searches
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Sanctions Analyst Job Description
Job Description Example
Our innovative and growing company is hiring for a sanctions analyst. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for sanctions analyst
- Recommending and implementing corrective actions with regard to such customers
- Escalating issues about customers with material sanctions concerns to senior management and governance committees as appropriate
- Liaising with business lines, relationship managers, Know-Your-Customer Unit, other internal stakeholders, and with the customers themselves regarding material sanctions concerns
- Remediating and documenting the situation as appropriate
- Analyze output of Economic Sanctions Watch list screening and make decisions on appropriate action to be taken within given SLA timeframe
- Conduct internal and external outreach for EDD reviews, Negative news and PEP screenings
- Ensures Payment Services lines of business are in compliance with applicable laws, rules, regulations, and corporate policies
- Maintains a high level of compliance awareness and knowledge to effectively support EDD Operations and other related areas of responsibility
- Recommends customers for closure and for further investigation where risk tolerances are exceeded based on analysis
- Maintain and apply knowledge of Division goals and business objectives
Qualifications for sanctions analyst
- Flexibility & availability to travel (UK and abroad)
- Reviewing the team’s CL jobs and escalating any issues
- Liaising with the front office in respect of any Anti-corruption & Sanctions queries
- Performing monitoring and quality assurance
- Undertaking quality assurance reviews where required
- Assisting the team in delivering training
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Sanctions Analyst Job Description
Job Description Example
Our innovative and growing company is hiring for a sanctions analyst. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for sanctions analyst
- Develops daily productivity models to measure current department, alert and operator efficiencies
- Conduct complex data mining/big data searches and analytics on Economic Sanction, Anti-Bribery and Anti-Corruption program trends
- Develops committee, Senior Sanctions Management internal/external ad hoc reports, audit and regulatory presentations
- Identify and implement recommendations for process and resource efficiencies and controls
- Ability to formally lead and complete multiple internal projects and meet tight deadlines
- Review financial and trade transactions for compliance with applicable sanctions laws and regulations
- Liaise with the Financial Intelligence Unit (FIU) on investigative findings as needed
- Perform quality assurance on escalations handled by the Government Sanctions and Interdiction team in Englewood, CO and the business solutions Government Sanctions and Interdiction Team in Washington, DC
- Provide support to sanctions training initiatives
- Lead the business data requirements analysis for Compliance projects
Qualifications for sanctions analyst
- Following our key objective of continuous programme enhancement for both Anti-Corruption and Sanctions, projects will also form a significant part of the activities a candidate will be required to undertake in connection with this role
- Knowledge of economic and trade sanctions (Canada and U.S. )
- Strong degree of comfort reading, interpreting and applying legislation and regulatory guidelines
- Ability to communicate with employees at all levels
- Knowledge of Wire Payments and/or Trade Finance would also be considered an asset
- Knowledge of AML, OFAC and Sanctions
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Sanctions Analyst Job Description
Job Description Example
Our company is growing rapidly and is hiring for a sanctions analyst. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for sanctions analyst
- Become a subject matter expert in Compliance bank data related to payments, wires and transactions
- Researching sanctioned parties to identify related parties with sanctions concerns in order to add them to the sanctions screening filters
- Conducting proactive research to identify customers or counter-parties that may be engaged in high-risk activity and referring such customers to Sanctions Customer Due Diligence & Remediation Team for review and action
- Compiling and distributing news articles on sanctions matters globally
- Monitor, research, analyze and address all essential compliance activities
- Perform quality assurance reviews of KYC files, alerts investigations and SAR filings (FIU) and OFAC hits
- Review and prepare a final agency recommendation for approval or denial of applications for licenses for personal, commercial, humanitarian, trade financing, travel, and other transactions
- Confer with applicants and their attorneys in connection with their requests for licenses or other issues relating to compliance with regulations pertaining to clients licensing requirements
- Review proposed new regulations and interpretations pertaining to economic sanctions and provide assistance in their drafting as required
- Prepare in-depth reports and briefings and memoranda for senior officials, the Congress, and other government agencies regarding licensing-related international financial matters, blocked assets, and other factual and policy matters
Qualifications for sanctions analyst
- Experience in synthesizing large amounts of information, and a curiosity to ask appropriate questions to fully develop business and functional requirements
- Experience with ISO, Swift and XML mapping of financial messages
- Experience – At least 4 years of IT Business Analysis experience, preferably in the financial world
- Experience with ISO, Swift and XML mapping with financial messages
- Required Certification, National Compliance School
- Two to four years internal audit, credit review, compliance, or regulatory experience