About the role
Operations - Sanctions Specialist
Location: Montreal QC Hybrid
Duration: 6 months plus extensions
Pay Rate Range : $30- $37 /hr
T4 Only
Reviews and tracks business transactions and activities for a given subset of the organization and confirms compliance with international regulations, laws and ordinances.
Identifies and investigates sanction violations, conducts research on regulations causing violations, and collects evidence to identify the root causes of sanction violations.
Documents and archives sanction violation incidents for future reporting, transaction processing, and reference for new business operations.
Analyzes risks associated with given transactions and operations and determines appropriate solutions to address the risks.
Stays knowledgeable about international law and sanction updates to keep the organization informed.
Responsibilities
Perform a Level 2 review of transactions that are referred to the OFAC Exception queue for potential sanctions violations and manage the queues in order to ensure our deadlines are being met.
Conduct investigation on payments that need to be held for regulatory reasons pending additional information and monitor case investigations to make sure that proper follow-ups are being made and responses are being addressed in a timely manner. Analyze information obtained from case investigations to make a clear determination on the proper course of action to be taken on the payment.
Work closely with the U.S. and Group Financial Services, Legal and the Treasury in performing wire transfer searches or handling regular case investigations when deemed necessary.
Ensure that all transactions escalated for Level 2 review are compliant to all external and internal regulations and policies.
Validate vender added file uploads to our filtering systems to ensure that list changes, additions or deletions are updated to the systems accurately and add/modify/delete entities to the local list as requested by the USFS team
Ensure all payments comply with BNP Paribas group payment transparency policy.
Make direct contribution to BNPP operational permanent control framework.
Prepare and analyze various reports as needed
Make recommendation for procedural changes where deemed necessary.
Minimum Required Qualifications
Associate/BA degree from accredited college/university.
2 – 3 years’ experience in OFAC and Sanctions investigation.
Strong understanding of Regulatory awareness, and the regulations that govern it.
Proficient knowledge and understanding of the OFAC processes and procedures.
Knowledgeable of Funds Transfer operations as well as the rules and regulations that govern it.
(This will include CHIPS, Fedwire, SWIFT, LYNX and ACH).
Excellent communication, verbal and written skills, as well as, attention to detail and accuracy.
Self-motivated and ability to multi-task in a high-volume and fast-paced environment.
The candidate must possess knowledge and basic understanding of MS Word, MS Excel, MS Outlook, MS PowerPoint
Preferred Qualifications
ACAMS/ACSS certified.
#INDPRO
About EPITEC
Why Choose Epitec? Founded in 1978 and headquartered in Southfield, Mich., with regional hubs in Chicago, Central Illinois, and Dallas, Epitec is dedicated to making staffing personal. Our customers include Fortune 500 companies across the United States, providing you access to high demand career opportunities.
What Makes Epitec Different? Our flexible workforce model is designed with you in mind. Whether you're looking for contract-to-hire, direct hire, or other employment options, we tailor our services to fit your career goals. We are consistently ranked as a top supplier to our customers, ensuring you have access to premier job placements.
How We Support You Our recruiting team focuses on understanding your unique skills and aspirations and we expertly match those to our customer job opportunities. We bring together diverse teams to solve complex problems, ensuring you are placed in roles where you can thrive. By leveraging innovative strategies and technology, we adapt to your evolving needs, providing exceptional support every step of the way.
Our Commitment to Your Success Epitec’s dedication to excellence has earned us national recognition as a “Best and Brightest Company to Work For” over 20 consecutive years and MMSDC's Minority Supplier of the Year on four occasions. We are committed to your professional growth and success, making sure you have the resources and opportunities to excel in your career.
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About the role
Operations - Sanctions Specialist
Location: Montreal QC Hybrid
Duration: 6 months plus extensions
Pay Rate Range : $30- $37 /hr
T4 Only
Reviews and tracks business transactions and activities for a given subset of the organization and confirms compliance with international regulations, laws and ordinances.
Identifies and investigates sanction violations, conducts research on regulations causing violations, and collects evidence to identify the root causes of sanction violations.
Documents and archives sanction violation incidents for future reporting, transaction processing, and reference for new business operations.
Analyzes risks associated with given transactions and operations and determines appropriate solutions to address the risks.
Stays knowledgeable about international law and sanction updates to keep the organization informed.
Responsibilities
Perform a Level 2 review of transactions that are referred to the OFAC Exception queue for potential sanctions violations and manage the queues in order to ensure our deadlines are being met.
Conduct investigation on payments that need to be held for regulatory reasons pending additional information and monitor case investigations to make sure that proper follow-ups are being made and responses are being addressed in a timely manner. Analyze information obtained from case investigations to make a clear determination on the proper course of action to be taken on the payment.
Work closely with the U.S. and Group Financial Services, Legal and the Treasury in performing wire transfer searches or handling regular case investigations when deemed necessary.
Ensure that all transactions escalated for Level 2 review are compliant to all external and internal regulations and policies.
Validate vender added file uploads to our filtering systems to ensure that list changes, additions or deletions are updated to the systems accurately and add/modify/delete entities to the local list as requested by the USFS team
Ensure all payments comply with BNP Paribas group payment transparency policy.
Make direct contribution to BNPP operational permanent control framework.
Prepare and analyze various reports as needed
Make recommendation for procedural changes where deemed necessary.
Minimum Required Qualifications
Associate/BA degree from accredited college/university.
2 – 3 years’ experience in OFAC and Sanctions investigation.
Strong understanding of Regulatory awareness, and the regulations that govern it.
Proficient knowledge and understanding of the OFAC processes and procedures.
Knowledgeable of Funds Transfer operations as well as the rules and regulations that govern it.
(This will include CHIPS, Fedwire, SWIFT, LYNX and ACH).
Excellent communication, verbal and written skills, as well as, attention to detail and accuracy.
Self-motivated and ability to multi-task in a high-volume and fast-paced environment.
The candidate must possess knowledge and basic understanding of MS Word, MS Excel, MS Outlook, MS PowerPoint
Preferred Qualifications
ACAMS/ACSS certified.
#INDPRO
About EPITEC
Why Choose Epitec? Founded in 1978 and headquartered in Southfield, Mich., with regional hubs in Chicago, Central Illinois, and Dallas, Epitec is dedicated to making staffing personal. Our customers include Fortune 500 companies across the United States, providing you access to high demand career opportunities.
What Makes Epitec Different? Our flexible workforce model is designed with you in mind. Whether you're looking for contract-to-hire, direct hire, or other employment options, we tailor our services to fit your career goals. We are consistently ranked as a top supplier to our customers, ensuring you have access to premier job placements.
How We Support You Our recruiting team focuses on understanding your unique skills and aspirations and we expertly match those to our customer job opportunities. We bring together diverse teams to solve complex problems, ensuring you are placed in roles where you can thrive. By leveraging innovative strategies and technology, we adapt to your evolving needs, providing exceptional support every step of the way.
Our Commitment to Your Success Epitec’s dedication to excellence has earned us national recognition as a “Best and Brightest Company to Work For” over 20 consecutive years and MMSDC's Minority Supplier of the Year on four occasions. We are committed to your professional growth and success, making sure you have the resources and opportunities to excel in your career.