Sanctions Analyst

Job Title Sanctions Analyst Job Description An exciting opportunity to join a collaborative team within FCC Sanctions department in the second line of responsibility. Our Shared Future: Team helps foster collaboration to achieve shared goals. You and Your Job As a Sanctions Analyst, you will be successful by working collaboratively within your team and outside your team on sanctions related alerts and providing advice to stakeholders on Sanctions related matters. Reporting to the Sanctions Manager for Rabobank Diversified Services, the Sanctions Analyst, with other team members, will be primarily responsible for providing advisory on clients with heightened sanctions risk, working escalated OFAC/Sanctions/Watchlist screening alerts from a second line objective. Further escalating potential Sanctions or AML risks discovered during the second line monitoring process. Providing accurate, timely alert dispositions and rationales for all alerts that have been escalated as true matches to the second line. Verifying screening results against customer information on internal systems, and against third party open source or vendor systems used by Rabo Diversified Services. Assists with various ad hoc projects as they arise and with updating the OFAC Sanctions procedures as needed. Job Responsibilities Conducts second line reviews of sanctions watchlist alerts generated by the automated transaction filtering and client screening systems, manual reports or internal referrals. Conducts advisory reviews to assess and mitigate sanctions risk on clients and prospects undergoing onboarding, periodic, or event driven reviews. Proactively recommend list additions; removal of list entries, tunning guidance and amend records. Provides assessments of client sanctions exposure to be integrated into the CDD/EDD Management Insights. Conducts research and analysis on the sanctions language for new or amended credit agreements. Provide timely advice and guidance to all appropriate business units and stakeholders for Sanctions related concerns. Investigate and review complicated investment deals, trade finance transactions, and escalations from the various lines of business. Assists the Sanctions Manager in preparing the deliverables for regulator exams and provides support in the exam calls as necessary. Document investigation steps performed and document the rationale for decisions reached. Reviews and investigates PEP screening alerts from a second line monitoring objective utilizing the client screening system, internal Customer Due Diligence systems and third-party sources. Escalate potential sanctions issues to the Sanctions Manager and escalate any potentially unusual activity from an AML perspective. Supports the first line of review in designing and operating relevant sanctions processes and provide input for training and development. Assist with updating of the Sanctions Procedures. Meet with, respond to, and remediate issues identified by Internal Audit, Compliance Testing Group, and Quality Control Team. Where appropriate, facilitate Requests for Information ("RFIs") with the Front Office in the investigation of sanctions or PEP cases. Review escalations related to trade finance deals and payments require OFAC general or Specific licenses. Create, update and maintain case files documenting relevant information used in an investigation. Assist with the validation of the Sanctions and PEP alert systems and participate in any testing of new releases or updates of current systems as necessary. Conduct ad hoc trainings to key stakeholders. Your Promise to Us: To be considered for the Sanctions Analyst role, you must have: Minimum 2 years of prior sanctions experience. Ability to work collaboratively with regional and global partners in other functional units. Experience using an automated monitoring tool. Strong verbal and written communication skills. Problem solving skills. Solid understanding of banking and financial services rules, laws, regulations and processes Highly motivated, focused. Excellent organizational, time management and prioritization skills. Exemplifies the Rabobank culture of Accountability, Commitment, and Teamwork. Our Commitment to you - cultivating your way beyond pay: Rabobank embraces diversity and welcomes employees and applicants of all backgrounds. Our goal is to always create an environment that is inclusive, drawing upon the strengths of the diversity of our workforce to exceed the expectation so four clients and customers. We view your well-being as much more than a paycheck. We continually evaluate and evolve our benefit offerings to be comprehensive, competitive and to give you the options and the flexibility you need. We focus our employee benefits on three main components: Physical Well-Being includes our commitment to your Health and Wellness. Medical, Dental and Vision plan coverages are effective on your date of hire. Rabo offers multiple plan options and a full network of providers to best meet your needs. Financial Well-Being provides for your Retirement + Savings + Security. We love seeing your retirement plan balance grow just as much as you do! That's why you can start participating in the 401(k) plan on your date of hire. Plus we match 50% of the first 6% you contribute to your 401(k) plan for US Employees. Rabo also contributes an additional 3% of your eligible pay in Safe Harbor contribution and up to 3% in annual Discretionary Profit Sharing contributions. Emotional Well-Being ensures your Work + Life balance. We offer a generous paid time off program to full time employees: up to 20 days of vacation time, 5 days of additional time off plus 7 sick days and 11 US holidays annually (based on hire date during the calendar year). In addition, Growing a Better World Together requires wanting the best for our employees and their families and our communities. To do that, we offer both the time and financial support to give back to the community through our Dollars for Doers, Helping Hands and Gift Matching programs. (All paid time off is subject to company accrual and carryover policies.) Our Organization: Rabobank North America is a valued financial partner to food and agricultural companies, farmers and ranchers, renewable energy developers and investors, Dutch companies doing business in the U.S., and select institutions. We support the entire value chain from farm to fork, and connect our clients and team members to the global reach of one of the world's leading food and agriculture banks. With our food and agricultural expertise and global network, we work with our clients to support and ensure the transition to a sustainable food, fiber and energy supply to meet the needs of our growing planet. We are Growing a Better World Together. Salary Expectations: Target Hiring Range: $90,000.00 - $110,000.00 This position is subject to the terms of [RAF/Rabobank/RDS]'s compensation plans and policies. It is anticipated that the position will pay within the target hiring range. The range is reflective of the desired primary physical work location and may be adjusted outside of the projected range based on geographical differentiation if the actual work location of the hired candidate differs from the desired primary location, or for other lawful reasons. Further, all full-time regular positions include all other benefits provided to [RAF/Rabobank/RDS] employees, including healthcare benefits, 401k matching, vacation, sick leave, parental leave, possible discretionary bonuses and all other benefits that are all governed by and subject to ERISA plan documents and eligibility. Rabo provides equal opportunity in employment to all employees and applicants and does not discriminate on the basis of race, color, creed, religion, national origin, ancestry, alienage or citizenship status, age, sex, sexual orientation, gender identity gender expression, marital status, genetic information, medical condition, physical or mental disability, pregnancy, childbirth or related medical condition, military service or veteran status, victims of domestic violence, or any other basis protected by applicable law. Rabo also prohibits harassment of any individuals on any of the bases listed above. At Rabobank, we strive to grow a better world together. In order to achieve that, we have to have the right people in the right jobs. Are you ready to join our team? This job posting has no fixed application deadline. We will accept resumes until a qualified applicant pool is identified. #LI-Hybrid

Created: 2024-11-05