Sanctions Specialist

Veterans Sourcing Group

🇺🇸 United States

On-site

3 weeks ago

Sanctions Specialist (AVP Level)
Hybrid- onsite 1 day/week -115 South Jefferson Rd Whippany NJ 07981
Business Area- financial crime
Pay Rate: $60/hr. W2

Overall purpose of role
To identify and conduct the appropriate analysis and due diligence on Sanctions alerts to ensure the appropriate action is taken against customers and payment activity as defined by the Sanctions Standards and Restricted Activity Matrix, ensuring that the organisation adheres to all applicable sanction's laws and
regulations and internal governance, such that client accounts are not held and transactions are not processed in breach of application laws and regulations.

Essential Skills/Basic Qualifications:
 Utilizing Fircosoft software
 Sanctions payment clearing
 Sanctions laws and payment alerts
Key Accountabilities

Understanding the objectives of the Global Sanctions Function and the control frameworks and embed aculture of compliance with sanctions.
Revision of escalated cases and confirm a True Match in line with regulations/policy accurately and in atimely manner, feeding back on instances of incorrect escalation.
Management and provision of guidance in the completion of complex sanctions investigations, ensuring thatmatters are correctly managed and follow appropriate escalation routes, while involving the relevantstakeholders early and fully.
Due diligence on Payment Screening alerts to determine the appropriate treatment and next steps for thepayment in line with documented procedures following the defined governance process and approvals asrequired.Escalation of Customer Screening True Matches to appropriate Business Aligned Sanctions Team forassessment.
Identification of opportunities to drive efficiencies in the alert management process and feed these back tothe appropriate team(s) to implement.

Sanctions Specialist · Veterans Sourcing Group

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