Non-Officer – Sanctions Specialist

  • Non-Officer Level
  • Jersey City, NJ, USA
  • Full time, Permanent
  • BNP Paribas
  • 22 Feb 18

Business Overview: Payment & Clearing Solutions is responsible for the processing of incoming and outgoing wire transfers on a Regional platform for a variety of currencies. The area provides a full array of Cash Management Services on an around-the-clock basis to the Bank’s customers. In compliance with various regulatory programs, our level 1 team is responsible for first level review and research of transaction activity with potential sanctions concerns for regulatory compliance.

Business Overview:
Payment & Clearing Solutions is responsible for the processing of incoming and outgoing wire transfers on a Regional platform for a variety of currencies. The area provides a full array of Cash Management Services on an around-the-clock basis to the Bank’s customers. 

In compliance with various regulatory programs, our level 1 team is responsible for first level review and research of transaction activity with potential sanctions concerns for regulatory compliance.  

Responsibilities:
• Perform first level review of obvious false positive (payments/Swift and non-SWIFT messages) that are stopped in our various filtering systems.
• Escalate questionable and exact matches to the level 2 team (SEE) for review.
• Ensure adherence to all external regulatory and internal policy guidelines as dictated by the position.
• Identify repetitive false hits and submit for exclusions
• Ensure PCS’s Level 1 operations are conducted in the safest and most efficient manner possible.  
• Validate file uploads to our filtering systems to ensure that list changes, additions or deletions are updated to the systems accurately.
• Participate in the department’s educational program through tutorials, training sessions, etc.
• Maintain the highest possible regulatory standards of quality, while minimizing risk to both the Bank as well as to our customers.
• Make recommendation for procedural changes where deemed necessary. 
• Keep abreast of changes, both regulatory and operational, which will have an impact on the department and the Bank.
• Perform other support operations functions to other areas within the department as required.
• Escalate complex/unusual transactions/scenarios to the Team Leader.
• Extended hours/holidays may be required at times to meet operational needs.
• Make direct contribution to BNPP operational permanent control framework
Minimum Required Qualifications:
• Understanding of Regulatory awareness, and the regulations which govern it.
• Proficient knowledge and understanding of the OFAC processes and procedures.
• Knowledgeable of International wires transfers, SWIFT and local clearing systems.
• Knowledgeable of Funds Transfer operations as well as the rules and regulations which govern it.
• Excellent communication skills.
• Excellent attention to detail and accuracy.
• Must be able to function in both individual and collaborative work environment

Preferred Qualifications:
• 2 – 4 years of relevant industry experience
• Bachelor’s degree from accredited university
• Self-motivated and ability to multi-task in a high-volume and fast-paced environment.
• Knowledge of Montran or Prime a plus