BSA, OFAC Associate

🔥 13 minutes ago

🗽 New York – Remote

🗽 New York – Remote

💵 $80k - $90k / year

⏰ Full Time

🟢 Junior

🟡 Mid-level

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Customers Bank

WebsiteLinkedInAll Job Openings

501 - 1000 employees

Founded 2009

🏥 Healthcare

🏗️ Construction

📦 Logistics

💰 Post-IPO Debt on 2019-12

Healthcare • Construction • Logistics

Customers Bank is a financial institution that offers a wide range of services to small businesses, individuals, and commercial clients. The bank provides products such as checking accounts, cash management tools, loans, and industry-specific solutions. Customers Bank prides itself on innovation, offering advanced technologies and a dedicated team to meet customer needs. They specialize in areas such as real estate financing, venture banking, alternative energy financing, and healthcare financial solutions. With a focus on proven reliability and a strong financial foundation, Customers Bank is committed to supporting the communities it serves through initiatives like renewable energy projects and affordable housing.

📋 Description

• Report to the OFAC Subject Matter Experts and support the Bank's sanctions compliance program by monitoring, investigating, and resolving alerts • Ensure compliance with regulations administered by the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) • Review and disposition daily sanctions escalations generated by OFAC/sanctions screening software • Conduct research to determine whether an alert represents a true match, false positive, or potential true match requiring escalation • Document investigation findings clearly and consistently in case management systems • Collaborate with internal teams to address QC findings, remediate control weaknesses, and strengthen process adherence

🎯 Requirements

• Minimum 3 years of experience in BSA/AML, OFAC/Sanctions compliance, or related financial crimes role • Working knowledge of OFAC regulations, SDN List, sanctions programs, and related regulatory guidance • Strong written and verbal communication skills • Strong analytical mindset with high attention to detail • Proven ability to multitask, work independently, and collaborate effectively within a team environment • Bachelor's degree in business, finance, criminal justice, or related field (preferred)

🏖️ Benefits

• Dedicated personal service • Personal development plans