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Overview

This position provides complex support for sanctions compliance efforts through analysis, reporting, and risk identification. Leads OFAC/Sanctions due diligence reviews of existing clients and prospects, and related credible challenge of reviews completed by the bank’s First Line of Defense. Supports targeted research, analysis and investigations as needed related to areas of sanctions risk to the bank, and various aspects of project management for the Global Sanctions Compliance program. Maintains an expert knowledge of Bank operations, systems, and regulations in order to identify risks. Recommends and implements process or system enhancements that improve internal controls. Reports on analysis results and operational performance to assist management with strategic enhancements. Facilitates the security and integrity of Bank activities by ensuring compliance with all applicable rules, regulations, and standards. Provides a leadership role for less experienced analysts in the work group and leads special projects.

This is a remote role that may be hired in several markets across the United States.

Responsibilities

• Business Support - Provides leadership and oversight of daily workload for the work group. Serves as first resource and point of escalation for OFAC/sanctions due diligence reviews of clients and prospects, risk assessments, regulatory exams, audits, and other related projects. Identifies and recommends process improvements.
• Compliance Review - Leads the research and investigation of unusual activity or flagged documentation, processes, and transactions, particularly involving complex international business operations. Ensure compliance with applicable laws, regulations, policies, and procedures. Resolves issues, clears exceptions, or escalates as appropriate.
• Open Source Research - Performs research using open source and proprietary tools, including frequent research using foreign-language sources, particularly Russian.
• Writing - Drafts high-quality, thoroughly-researched business documents, including sanctions risk analysis as well as program, policy, and procedure documents. As needed, support drafting of correspondence with OFAC, including subpoena responses and Voluntary Self Disclosures.
• Sanctions Guidance and Advisory - Participates in discussions with and provides guidance to First Line of Defense partners and clients on sanctions compliance obligations. Advise Second Line of Defense teams on sanctions compliance issues, including on complex transaction reviews and other complex investigations.
• Data Analysis - Sources, validates, and interprets data. Analyzes data for discrepancies and risks, effectively communicates analysis output. May assist with larger data management efforts.
• Compliance Expertise - Maintains knowledge of laws, regulations, procedures, and policies, particularly US and international sanctions programs and foreign policy issues, that affect the assigned business area through ongoing research and industry involvement. Acts as a resource to less experienced associates, providing training and expertise for complex issues. May participate in industry events, form partnerships with other professionals, or seek additional training to remain current on evolving issues. May update policies and procedures as appropriate.
• Training – Assists in developing and delivering sanctions training materials and oversight of training program, as needed.
• Documentation - Compiles all relevant business, process, or user information prior to compliance reviews. Ensures the accuracy, compliance, and completeness of required documentation. Maintains and updates files for the business unit. Produces reports for management on risks, trends, exceptions, and areas of improvement.

Qualifications

• Bachelor's Degree and 4 years of experience in Financial Compliance/Regulatory Environment, Legal, Audit, Banking, or other related experience OR High School Diploma or GED and 8 years of experience in Financial Compliance/Regulatory Environment, Legal, Audit, Banking, or other related experience

Preferred Qualifications

• Prior experience supporting sanctions compliance at a Large Financial Institution.
• Certified Global Sanctions Specialist (CGSS) certification, or similar Sanctions or BSA/AML professional certifications

This job posting is expected to remain active for 5 days from the initial posting date listed above. If it is necessary to extend this deadline, the posting will remain active as appropriate. Job postings may come down early due to business need or a high volume of applicants.

The base pay for this position is generally between $75,000 and $105,000. Actual starting base pay will be determined based on skills, experience, location, and other non-discriminatory factors permitted by law. For some roles, total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment.

First Citizens benefits programs are designed to meet our associates where they are in life. Full-time associates (20+ hours) are offered a comprehensive benefits program, with customized offerings, including those designed to support families, however defined. More information regarding our benefits offerings can be found here: https://jobs.firstcitizens.com/benefits