Enhanced Due Diligence Financial Crimes Analyst First Line Of Defense flod Coi

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Enhanced Due Diligence Financial Crimes Analyst – First Line of Defense (FLOD COI)
The candidate will be partnering closely with the business and product areas and will liaise with the Second Line of Defense (SLOD). Completing the review and approval of client relationships that meet the firm's high risk business categories. Serving as the primary point of contract for Commercial Bank Relationship Teams in the identification of clients and prospects that may have OFAC/Sanctions risk due to business model or geographic location. Providing expertise in assessing prelaunch business models to align with internal requirements for enhanced due diligence and approval. Independently lead sanctions due diligence calls for fast growing start-up companies. Conducting holistic reviews of clients and prospects considering sanctions exposure and determine whether sufficient controls are in place to mitigate any sanctions risk. Assisting clients and prospects in establishing the proper control environment to ensure compliance with the firm's OFAC/Sanctions requirements. Working with a team to perform enhanced due diligence reviews on high-risk and complex clients and prospects. Assisting with internal ongoing due diligence review escalations regarding client matters. Develop and deliver targeted OFAC/Sanctions trainings. Participating in special projects in support of the First Line of Defense (FLOD) Sanctions Team. Must have Bachelor’s degree or equivalent. MBA or JD is a plus. Should have 1-3 years of banking, financial risk management, and/or Sanctions experience with 3+ years of experience related to KYC and EDD for financial crimes or compliance management processes. Demonstrate strong knowledge of OFAC/Sanctions risks and controls is required. Strong knowledge of control frameworks and the ability to design and evaluate effectiveness of controls embedded within business processes is required. Strong understanding of the compliance and regulatory frameworks that apply to financial institutions with an emphasis on US/EU/UK Sanctions regulations is required.

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