Job Description

Job Description

Job Description

Job Title

BSA/AML/OFAC Specialist

Banesco USA is seeking a BSA/AML/OFAC Specialist for our OFAC Unit.

Primary Job Duties

• Responsible for ensuring compliance with federal regulations by reviewing financial transactions and managing sanctions screening.
• Transaction Monitoring: Specialists review and disposition Fedwire, and SWIFT payments against published sanctions lists such as OFAC SDN bank and/or internal lists.
• Review and clear all hits on escalated wire transfers, and issuing RFIs to the front line as needed.
• Ensure the ongoing maintenance of the Internal Blacklists.
• Performs other functions and/or duties as assigned.
• Regulatory Updates: Keep abreast of changes in laws and regulations related to OFAC and inform the compliance department accordingly.
• Quality Assurance: Cooperate in maintaining quality assurance processes related to the Sanctions
• Compliance Program.
• System Testing: Test new or updated systems for the Sanctions Compliance Program.
• Documentation: Cooperate in maintaining all sections of the compliance policies and procedures.
• Communication: Inform the OFAC Sanctions Manager of any potential regulatory
• compliance shortfalls within the OFAC program.
• Assist the OFAC Sanctions Manager in other duties and projects as assigned.
• Responsible for CTRs: Run and analyze the daily cash transaction report
• Create CTRs on ECS as it applies and ensure reportable activity is filed within the regulatory timeframe.
• Responsible for running 314(a) requests on ECS and analyzing the results to determine whether matches need to be reported within the regulatory timeframe.
• Assist VP, OFAC Sanctions Manager in other duties and projects as assigned.
• Responsible for completing annual training program assigned.

Job Requirements

• Education: High school degree requires equivalent experience.
• Experience: Five (5) years of experience in the Banking industry, preferably in the BSA/Compliance area.
• Advance computer skills including but not limited to proficiency in Microsoft Office (Word, Excel, Power Point, etc.)
• Must be bilingual in both English and Spanish. Ability to fluently speak, understand, read and write both languages.
• Strong verbal and written communication skills, ability to communicate at all levels of the organization.
• Strong attention to detail and accuracy.
• Ability to multi-task, with strong organization, time-management and prioritizing skills.
• Knowledge of BSA/AML standards and practices.
• Intermediate knowledge of related State and Federal banking compliance regulations and operational policies.
• Ability to work in a team environment ensures deadlines are met.
• Ability to understand and comprehend instructions, procedures and policies ensuring compliance with the Bank’s policies and procedures.
• Intermediate knowledge in bank’s operation activities, terminology and products and services.

Benefits & Perks

• Competitive base salary.
• Paid time off.
• Hybrid schedule.
• 401k with employer match.
• Tuition reimbursement.
• Paid parental leave.
• Medical, Dental, Vision.
• Life Insurance.
• Supplemental Insurances.
• Short-Term & Long-Term Disability Benefits.
• Free parking.
• On-site Cafeteria.

About Us

Banesco USA is part of Banesco International, a worldwide group of financial institutions with presence in 6 countries.

As a corporation in continuous evolution, we promote the ongoing professional and personal development of our employees, by embracing challenges and adapting to the changing environment of today’s world. We aim to develop integral human beings, committed to making a difference at the workplace and out in the world.

Our actions are rooted in our Values: Reliability, Responsibility, Quality and Innovation. We believe that we all have the same ability to transform our daily tasks into significant contributions, and therefore, Leave Our Mark.

At Banesco USA, one of our most valued assets is our enthusiastic team, which strives every day to create a world-class organization in an ever-changing world. Together, our team has made us a market leader and we invite you to join us.

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