Sanctions Operation Analyst, At

Hybrid/Manhattan, NY
Salary Range: $80,000 - $115,000
The Economic and Trade Sanctions Unit (ETSU) is a sub-unit team within Apple Bank for Savings’ (the Bank) AFC Department. The ETSU is a second line function that acts as the primary subject matter expert (SME) concerning all sanctions screening systems, procedures and processes used to support the Sanctions Compliance Program across the Bank. The Sanctions Operations Analyst is a member of the ETSU and is responsible for the daily operations within the AFC sub-unit.
The Sanctions Operations Analyst’s main day-to-day focus is the review and investigation of cases flagged in the Bank’s enterprise sanctions screening solution. Where required, the Analyst will also assist in some aspects of the program’s broader efforts related to the governance of the Sanctions Compliance Program, screening technology, quality assurance of sanctions controls, and ad hoc projects.

• Serve as a Level 1 investigator of sanctions screening cases. Due diligence and documentation retained should be commensurate with the complexity of the investigation. All cases must be reviewed, dispositioned, and actioned following a two-person maker/checker process. Where a case cannot be de-identified or is a potential match, cases are required to be escalated to the Sanctions Team Lead. Subjects of screening include:
• Ongoing name screening of customers, employees, and vendors.
• Real-time payment screening of wires and international ACH payments (IATs).
• Periodically assist various Bank stakeholders in conducting their ad hoc screening.
• Where Bank employees have the ability to conduct their own ad hoc sanction screening (e.g., branch tellers or HR staff) and serve as Level 1 investigators, the Sanctions Operations Analyst will serve as a Level 2 investigator as part of any escalations of potential matches.
• Complete weekly, monthly, and quarterly MIS reporting of metrics relating to sanctions compliance for senior management review.
• Monitor regulatory changes, industry benchmarks, and sanction list updates. Update screening platforms, as required.
• Perform ad hoc sanctions screening, including employee and vendor screening.
• Conduct various sanctions control testing as appropriate, escalating any potential sanctions control gaps to the Sanctions Team Lead or Head of Sanctions.

• Apply independent judgment in the identification and escalation of key sanctions risks.
• Display a high level of professional aptitude and standards.
• Recommend improvements to process in areas of efficiency, control, and work product.
• Participate in committee meetings, as necessary.
• Perform other duties as requested., including but not limited to assisting the Head of Sanctions with ad hoc projects, sanctions risk assessments, procuring documentation for regulatory examinations/internal audits/law enforcement requests, reviewing and enhancing sanctions control processes, monitoring new and proposed sanctions-related legislation, regulatory requirements, key enforcement actions, key trends, and emerging issues.

• Minimum 1 year of experience in banking compliance, with a strong emphasis on OFAC sanctions regulations and requirements.
• An undergraduate degree.
• Excellent verbal, written, and interpersonal communication skills.
• Excellent time management skills with strong focus on attention to detail.
• The ability to work effectively in a team-fostered, multi-tasking environment.