Incumbent is responsible for reviewing international payments to ensure the payments are permissible consistent with legal guidance by gathering and synthesizing information from multiple sources timely and in a comprehensive fashion to mitigate compliance risk and avoid unnecessary disruption to the flow of critical U.S. government global payments.
Research payment records to ensure compliance with all Office of Foreign Assets Control (OFAC) regulations. Communicate with key Bank and external stakeholders regularly to obtain additional information required to fully investigate and document potential OFAC matches.
Approve payments for release consistent with department and Bank policies and procedures.
Research market/industry compliance practices and provide management recommendations on implementation. Interact regularly with Bank legal staff.
Perform periodic testing and monitoring of the OFAC screening software.
Prepare ongoing compliance risk assessments and maintain OFAC procedures.
Identify and assess risks that can potentially impact U.S. government global payments.
Track and report open audit and risk items to senior management and key stakeholders.
Manage compliance related updates to the Business Continuity and Business Resumption Plans.
In consultation with Legal Compliance, conduct periodic reviews and analysis of payments.
Perform information security reviews to ensure staff member access to various systems is appropriate and consistent with least privilege.
Bachelor's degree in Business, Finance, Accounting, or closely related field from an accredited college or university or equivalent combination of education and experience.
Three or more years of directly related work experience and familiarity with fraud detection and other investigative techniques.
Strong critical thinking, problem solving skills and attention to detail.
Strong communication, interpersonal, analytical and customer service skills.
Strong project management skills including the ability to work well under pressure and meet critical daily deadlines.
Proficiency with Microsoft Office suite and advanced Excel skills.
Master's degree or comparable advanced degree
Working knowledge of OFAC and AML regulatory requirements. Certified Anti-Money Laundering Specialist (CAMS) designation preferred.
Demonstrated knowledge of international payments, foreign currency exchange and payment system settlement preferred.
United States citizenship is required for this position.
This position has additional screening requirements due to the information accessed while preforming the job. These additional screenings would be initiated at the time of offer acceptance and can take up to a couple of months to be completed. You can begin work before the screening is completed; however, continued employment is contingent on acceptable screening results. The areas screened may include education/employment verification, criminal history, credit history, and reference checks.
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The Federal Reserve Bank of Kansas City is an equal opportunity employer. As such, the Bank recruits, hires, trains, and promotes individuals without regard to race, color, religion, sex, national origin, age, disability and/or sexual orientation.
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