Perform sanctions review, transaction monitoring, and enhanced due diligence within Correspondent Banking. Monitor Compliance Verification Level I, draft and follow up on live compliance inquiries, prepare approval memos, manage due-diligence case queue tasks, recommend actions (close, follow-up, file SAR), and perform additional tasks as assigned.
We are seeking a motivated and detail-oriented Junior Compliance Analyst to join our Compliance team in our Corresponding Banking Division. This position offers hands-on experience in sanctions review, transaction monitoring, and due diligence within a dynamic banking environment.
- Monitor transactions in Compliance Verification Level I in line with the Bank’s OFAC Policy and Procedures.
- Identify and fail payments requiring a Live Compliance Inquiry; draft initial and follow up inquiry messages for senior review.
- Review compliance reject live case responses and recommend appropriate actions to senior team members.
- Prepare approval memos for potential release of transactions subject to sanctions review, ensuring accuracy of supporting documentation.
- Create post-transaction inquiries, reminders, and follow-ups for cases assigned via hPLUS Due-Diligence Case Queue.
- Conduct enhanced due diligence on responses received and recommend subsequent actions (e.g., close case, send follow-up, file SAR)
- Perform additional tasks as assigned by supervisors or department leadership.
Benefits
- Medical, Dental, and Vision Insurance
- Group Term Life (GTL) Insurance
- 401(k) Retirement Plan
- Paid Time Off (PTO)
- Paid Holidays
- 1–3 years in banking preferred, or a combination of education and equivalent experience.
- Strong analytical and problem-solving skills with attention to detail.
- Excellent written and verbal communication skills.
- Ability to work independently and collaboratively in a fast-paced environment. • Familiarity with OFAC regulations and compliance monitoring tools is a plus.
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