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Job Description
EFCC Economic Sanctions and List Screening Adjudication Analyst
Partners with their assigned Line of Business, other Risk/Compliance/Audit (RCA) professionals, and RCA Managers to, depending on their function, create, implement, maintain, review or oversee an effective risk management framework. Participates in projects and/or activities that ensure compliance with applicable federal, state, and local laws and regulations. Identifies gaps and inform solutions that minimize losses resulting from inadequate internal processes, systems or human errors. Identifies, responds and/or escalates risks as appropriate. Serves as a functional liaison between the Line of Business and the Lines of Defense.
Description
The Economic Sanctions Adjudication Analyst is responsible for fulfilling the Anti-Money Laundering (AML)/Bank Secrecy Act (BSA) and Office of Foreign Assets Control (OFAC) requirements through enhanced evaluation, identification, and research of relationships on behalf of U.S. Bank of both new and existing accounts.
Responsibilities include performing analysis and enhanced due diligence on results from OFAC/Sanctions, custom watchlists, 314a, Adverse Media and PEP watchlist screening of customer accounts according to U.S. Bank policy and procedures. The role will partner with other Enterprise Financial Crimes Compliance (EFCC) departments and Business Lines to complete due diligence review and report details as needed to appropriate areas. Responsibilities also include back up and support for Sanctions related escalations from Business Lines including but not limited to wire transactions, international ACH transactions (IAT) and trade finance. Position may require weekends and/or overtime.
ESSENTIAL FUNCTIONS
- Analyze output of OFAC/Sanctions and other applicable watchlist screening and make decisions on appropriate action to take.
- Maintain thorough documentation of analysis performed.
- Work cooperatively with U.S. Bank internal departments to obtain and evaluate necessary information related to the analysis.
- Assist in implementation of OFAC/Sanctions and other screening detection methods, such as training and instruction manuals.
- Assist with departmental reporting.
- Support any special projects or critical casework.
- Actively ensure compliance with the U.S. Bank Code of Ethics and all AML, BSA, information security, and suspicious activity reporting requirements, policies and procedures.
- Participate in required corporate and business line training.
- Remain current on legal, regulatory AML/BSA and OFAC requirements and actions.
OTHER FUNCTIONS
- Analyze sanctions related escalations from Business lines and make decisions on appropriate action to take.
Basic Qualifications
- Bachelors degree, or equivalent work experience
- Typically, more than one year of applicable experience
- Knowledge of AML/BSA, OFAC, PEP, KYC and FinCEN-related laws and regulations
- Knowledge of U.S. Bank's operations, systems, and practices within business units
- Knowledge of AML/BSA, OFAC laws and regulations
- Excellent communication and written skills
- Strong analytical abilities and problem-solving skills
- Strong self-motivation and organizational skills
- Exceptional ability to multi-task and prioritize projects
- Documented record of achieving results both individually and in a team setting
- Ability to meet tight deadlines and work in an operational/compliance driven environment
- Ability to coordinate and work collaboratively with internal and external contacts daily
- Proficiency in Microsoft Excel, Access, Word, and/or experience in using other database applications
Preferred Skills / Experience
- CAMS certification
If there's anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our
disability accommodations for applicants
.
Benefits
Our approach to benefits and total rewards considers our team members whole selves and what may be needed to thrive in and outside work. Thats why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours)
- Healthcare (medical, dental, vision)
- Basic term and optional term life insurance
- Short-term and long-term disability
- Pregnancy disability and parental leave
- 401(k) and employer-funded retirement plan
- Paid vacation (from two to five weeks depending on salary grade and tenure)
- Up to 11 paid holiday opportunities
- Adoption assistance
- Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
EEO is the Law
U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors. Applicants can learn more about the company's status as an equal opportunity employer by viewing the federal
E-Verify
U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the