Sanctions Filtering Associate (374799) California, USA
This role supports the US Dollar Clearing business function with real-time transaction sanctions filtering review. This support ensures adherence to regulatory policies and protects the Bank from reputational, operational, financial and regulatory risk. This role also recommends, interpets and implements administrative policies and procedures.
The role achieves the above by processing one or more Funds Transfer Products, i.e., CHIPS, FEDWIRE, Checks, In-house transfers and Electronic Banking, and Message Center as related to Sanctions Filtering.
Key Roles & Responsibilities
• Process daily Office of Foreign Assets Control (OFAC), Group Sanctions, Anti-Money Laundering (AML), Her Majesty's Treasury (HMT) and Legal transactions against required lists ensuring that all transactions comply with these lists and the Bank's Group policies.
• Review false positive transactions from our internal filtering system to ensure efficiency of the screening process. Identify alerts that can be bypassed through false positive entries. Learn phrases to assist in keeping the alert rate at an acceptable level for the Bank.
• Process daily transactions ensuring that all transactions have been reviewed and properly researched prior to release. Where appropriate, provide supporting documentation and ensure that it is included so as to evidence the research.
• Adhere to Sanction Filtering Unit's established guidelines and procedures. Ensure metrics established by management are met.
• Provide subject matter expertise to other associates within the group and other business units.
Respond completely and accurately to same day queries received from internal/external customers, ensuring that the only information shared is related to transaction processing and not related to OFAC, AML, HMT and Group issues. Any inquiries must be escalated as appropriate.
• Manage all risks and maintain compliance with all internally stated policies and local regulatory requirements. Work with Legal & Compliance and peer banks to share best practices. Protect the Customer and the Bank from undue financial and/or reputational risk.
• Ensure that appropriate banking regulations, internal policies and procedures are followed, including Know your Customer policy, anti-money laundering, etc.
• Ensure avoidance of operational losses. Appropriately escalate unusual or complex transactions. Identify any unusual transactions and refer them to a Team Leader / Supervisor or Compliance Advisor.
It is the individual responsibility of every employee to maintain a current awareness and understanding of appropriate banking laws, regulations, internal policies and procedures and to comply fully with those laws, regulations, AML policies and Group policies and procedures.
• Sanctions Filtering Associates in San Francisco and in other US locations
Qualifications & Skills
• 1 year of sanctions filtering related experience and skills, as well as thorough knowledge of current OFAC guidelines and regulations preferred.
• Knowledge of US Dollar Clearing Operations, Systems and Procedures preferred.
• Knowledge of CHIPS, FEDWIRE, SWIFT and telex formatting as related to payment processing preferred.
• Must demonstrate professional conduct, critical thinking skills, and ability to effective manage one's time.
• Solid communications skills, both written and verbal.
• Strong customer service orientation.
• Computer skills necessary, especially use of internet .
• Ability to adapt to a rapidly changing environment.
• Good organizational, research skills and administrative abilities.
• Demonstrates the Bank's values: Courageous, Responsive, International, Creative and Trustworthy.
• Non-standard work hours required, such as: possible night shift processing, work on holidays and overtime as needed.
• Must have the ability to support holiday, weekend, and off-hour testing
Enter qualifications and skills
How To Apply
You can search and view current opportunities across our organisation and apply immediately by registering or logging in to our careers website www.standardchartered.com/careers. To help speed up your application, please note the following:
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- We will ask you about your education, career history and skills and experience, it may be helpful to have this information at hand when completing your application
It usually takes 15 - 20 minutes to complete the application form; you can save your application at any time and return to complete it at your convenience.
Diversity & Inclusion
Standard Chartered is committed to diversity and inclusion. We believe that a work environment which embraces diversity will enable us to get the best out of the broadest spectrum of people to sustain strong business performance and competitive advantage. By building an inclusive culture, each employee can develop a sense of belonging, and have the opportunity to maximise their personal potential.
Equal Opportunity Employer
Standard Chartered is an equal opportunity employer. We have a meritocratic culture where each individual employee is valued and respected for who they are as a person and for what they bring to the organisation.