Compliance Officer - OFAC Sanctions Advisory

Job description

Environment

DEPARTMENT DESCRIPTION

Société Générale's US Anti-Money Laundering and Sanctions team (“AML team”) is responsible for AML, BSA, USA PATRIOT Act, and OFAC/Sanctions compliance for the US operations of an international financial firm. The AML team performs advisory and control functions across core businesses focused on the prevention of financial crimes. The US Sanctions Compliance team, is a central component of the AML team, and is primarily responsible for screening, investigation, reporting, advisory, training, and other sanctions compliance services for SGUS.

Mission

MAIN ACCOUNTABILITIES

·  Investigate and decision OFAC/ EU and any other applicable sanctions alerts from transactional and client data processes, including wire payments, FX and trade financing transactions.

·  Thoroughly document and maintain related investigation files and logs.

·  Perform sanctions related investigative reviews, including research, data collection, and compilation of evidence to support findings.

·  Participate in special projects in support of the US Sanctions Compliance program, including list management.

·  Provide input on the development of targeted training materials on recent sanctions updates and enforcement actions, as well as sanctions risks for each Line of Business. Assist in providing training to various lines of business.

·  Assist with coordination of materials for internal and external OFAC/sanctions-related regulatory examinations

The OFAC Compliance Associate role supports the US Sanctions Compliance team to ensure SGUS's compliance with OFAC and EU sanctions, as well as SGUS and Group Policy requirements. The main job functions include:

Desired profile

Profile

COMPETENCIES
Required:

·  Strong written and oral communication skills and research skills.
·  Ability to review and understand complex regulations.
·  Ability to work collaboratively within a complex organization, across multiple cultures, geographies, and disciplines.
·  Ability to balance multiple, changing priorities in a dynamic and fast moving working environment.

TECHNICAL SKILLS

Required:

·  Working knowledge of sanctions screening applications, including Fircosoft and World Check (strong preference but not required)
·  Experience with online research systems including web-based tools.
·  MS Excel, Word and PowerPoint

PRIOR WORK EXPERIENCE

Required:

·  3 years of knowledge and experience in OFAC/AML Compliance including monitoring functions.

EDUCATION

Required:

·  Bachelor's Degree or higher education level
LANGUAGE
Required:

·  English