VetJobs - The Leading Military Job Board

ABOUT THE ORGANIZATION

SMBC MANUBANK was formed by a group of banking entrepreneurs in June 1962. Our scope is to serve the specialized needs of California middle-market businesses, manufacturers, wholesalers, distributors, importers, exporters, and service companies, including small businesses and professionals.

The anticipated salary range for this role is between $71,000.00 and $83,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.

Our mission is to be "the bank of choice" for middle market and professional service companies by establishing long term customer relationships and loyalty, providing superior products and services through a core of highly skilled and seasoned bankers.

To achieve our mission to be the 'bank of choice' for middle market and professional services companies, we are focused on our vision to be the premier California regional business bank that can provide the sophistication and expertise of a larger institution with the personal 'high touch' services of a smaller bank.

Specialties:

Commercial Loans and Lines of Credit, Asset-Based Financing, SBA Loans, and Specialized Financing, Real Estate Loans, Cash Management Services, International Services

JOB SUMMARY:

Under the direction of the Sanctions Compliance Manager, the Sanctions Analyst will aid in maintaining Sanctions Compliance for Manufacturers Bank. The Sanctions Analyst will use various systems and reports to investigate potential sanctions-related activities. Responsibilities include the identification of sanctions-related activity, the management of the associated alerts, and the investigation and reporting of any sanctions violations. Sanction Analysts may be involved in performing assignments in the absence of the VP and ensures compliance in accordance with regulatory requirements Bank Secrecy Act/Anti Money Laundering/Office of Foreign Assets Control (BSA/AML/OFAC), SMBC policies and procedures. The Sanctions Analyst follows established guidelines to identify and resolve problems and proactively recommends solutions to improve processes where guidelines may not have been developed. The Sanctions Analyst acts as an SME for department and across other functions, and as an independent contributor or as part of a larger team. The Sanctions Analyst is expected to contribute to workflow, process changes and redesign as warranted. The Sanctions Analyst is required to form a solid understanding of US sanctions related rules and regulations. The Sanctions Analyst may support the day-to-day work of other teams within the Sanctions Compliance team function, and function as a delegate in replacement of a Senior Sanctions Analyst. This position may also provide support to the Analytics Team to effectively update, tune and optimize sanctions filtering system. The Sanctions Analyst must possess solid business acumen, natural curiosity, and the ability to effectively shift between communications styles based on the audience.

PRINCPLE DUTIES & RESPONSIBILITIES:

• Acts as a contributor for the processes in the Sanctions Department.

• Ensures compliance with all regulatory practices outlined by Compliance Department of Americas Division (CPAD), BSA/AML/OFAC and with Bank policies and procedures.

• Performs due diligence on alerted transactions escalated by Level 1 and Level 2 teams on ad hoc basis. Records decision-making on different escalations which can includes but not limited to

• requests from different SMBC business units, and transactional or customers and affiliated parties related alerts.

• Ensures completion of requests from BSA/AML/OFAC Compliance Officer in relation to conditional approvals or other requirements.

• Prepares overview of significant regulatory changes.

• Prepares reports and other materials as required in response to inquiries from internal and external auditors, bank departments, and regulators. Provides timely updates of internal bank policy changes, new regulatory compliance requirements, and makes recommendations for the Sanctions Compliance team.

• Contributes to actions necessary to file OFAC reject/block reports and for submission of the Annual Report of Blocked Property.

• Performs additional, targeted research on certain parties to determine a sanctions nexus, make recommendations or take steps to propose watchlist entries to benefit screening controls.

• Ensures business continuity under all conditions, sometimes adverse, with strict adherence to established guidelines and deadlines.

• Maintains ongoing contact with branches and compliance counterparts throughout the enterprise.

POSITION SPECIFICATIONS:

• Education: Preferred: BA / BS (or equivalent experience).

• Work Experience: 2+ years of specialized experience in Financial Services, Compliance, Payment System or Money Transfer preferred.

• Licenses / Certifications / Registrations: CAMS/CGSS preferred.

• Language Skills: Business fluency in the following language(s): English

• Software Systems / Programming Languages: SWIFT preferred.

• Skills & Qualifications:

• Understanding of legal aspects and recordkeeping requirements of banking regulations (especially OFAC, AML, BSA, USA PATRIOT Act) relating to money transfer.

• Knowledge of market practices related to foreign and domestic money transfers; knowledge of OFAC.

• Strong level knowledge of banking policies, statutory and compliance regulations.

• General knowledge of accounting principles and practices.

• Strong knowledge and experience in US sanctions laws and regulations.

• Experience in using industry standard sanctions screening tools.

• Experience in reviews, investigation, and resolution of sanctioned related issues.

• Strong sense of urgency, accuracy, and accountability; responsive to time sensitive needs.

• Strong management skills: decision making, influencing and delegation skills, and ability to work independently.

• Strong analytical, presentation and communication skills, and ability to work collaboratively with all levels of company personnel.

• Knowledge of AML, KYC and FinCEN a definite plus.

EOE STATEMENT

We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law.

CCPA DISCLOSURE

Personal Information Collection Notice: This notice contains information under the California Consumer Privacy Act (CCPA) about the categories of personal information (PI) of California residents that SMBC MANUBANK collects and the business or commercial purpose(s) for which the PI may be used. We do not sell PI. More information about our collection and use of PI may be found in our CCPA Privacy Policy at https://www.manufacturersbank.com/CCPA-Privacy. Persons with disabilities may contact our Customer Contact Center toll-free at (877) 560-9812 to request the information in this Notice in an alternative format.