Ofac Sanctions Investigations Associate

Base Salary Range: $81,000 - $150,000
Base salary range does not include overtime pay, bonus and/or other benefits, where applicable. Actual base salary offer will vary based on skills and experience.

Responsibilities

Support the Head of Investigations in all matters related to sanctions investigations (e.g., escalations, reporting, investigations, licensing, and disclosures). The person shall be responsible for assisting on certain run the bank (“RTB”) and change the bank (“CTB”) functions related to sanctions investigations, including preparing and reviewing draft OFAC filings and responses to OFAC requests for information (RFIs)/administrative subpoenas. The position reports to the Head of Investigations.

Responsibilities include, but are not limited to:

• Provide first and second level review of referential data screening alerts.
• Use investigative tools and web research to analyze vessel movements, beneficial ownership, and potential sanctions links to discount or identify potential sanctions concerns.
• Provide final level of review and record decision making on transactions escalated for further review.
• Ensure appropriate escalation of serious sanctions related matters to the OFAC Officer and AMLO.
• Investigate and review complicated investment deals and transactions for the various lines of business.
• Provide timely advice and guidance to all appropriate business units for OFAC concerns.
• Prepare OFAC filings including block and reject reporting.
• Review for adherence to AML/OFAC Compliance policies and procedures and assist in maintaining these policies and procedures and establishing controls to test for adherence.
• Provide subject matter expertise to the Group Sanctions Compliance office for OFAC and U.S. specific sanctions.
• Help to facilitate governance over sanctions lists/screening framework
• Seek guidance directly from OFAC as necessary.
• Keep abreast of SG Group sanctions policies, OFAC sanctions, and respective reporting requirements.
• Provide advice and support to the Deputy OFAC Officer on policies and procedures to ensure compliance with OFAC filtering and reporting requirements for all business units.
• Identify OFAC compliance issues/concerns and make suggestions and/or take corrective action to implement solutions to improve controls/operations.
• Be a central point of contact for OFAC related escalations, both from junior employees and SGUS business lines/support functions.
• Assist in the review of OFAC regulatory examination and internal audit deliverables.
• Review escalated trade finance related transactions.
• Assist in the provision of sanctions related training for employees as needed.

Profile Required

• Strong knowledge of OFAC and EU sanctions regulations and USA PATRIOT Act.

• Strong attention to detail.

• Ability to multitask and manage multiple deliverables and a range of OFAC risk management responsibilities.

• Strong interpersonal, written and verbal communication skills.

• Excellent research and analytical skills.

• Conduct legal and investigative research utilizing open-source research systems.

• Proficiency with word processing, computer applications, databases and spreadsheets including but not limited to: MS Word, Excel, Outlook, World Check and other internet based programs.

• High ethical standards, respect for confidentiality and privacy.

Société Générale’s US Financial Crime Compliance (“FCC”) Department is responsible for ensuring compliance with anti-money laundering (“AML”), Bank Secrecy Act, USA PATRIOT Act, OFAC and sanctions regulations for the operations of SG in the U.S. The Department performs, among other responsibilities, AML transaction monitoring and SAR filing, OFAC screening and reporting, as well as advisory and control functions across SGUS bank and broker dealer businesses. The Department is also responsible for the management of the tools used for sanctions screening and AML transaction monitoring.

The Sanctions Compliance Investigations Team serves as OFAC subject matter experts and is responsible for reviewing and investigating all potential violations of OFAC, E.U. and other sanctions programs processed through or otherwise involving SGUS. This includes reviewing and final approval regarding escalated alerts on transactions and static data for matches to the OFAC, E.U. and any other applicable lists and programs, reviewing and approving OFAC-licensed transactions, reporting blocked property and rejected transactions to OFAC, investigating, drafting, and filing Voluntary Self-Disclosures with OFAC, investigation into potential circumvention attempts, training business lines and SGUS Employees on OFAC/Sanctions issues, liaising with relevant business lines on alerts and sanctions incidents, advising Head Office/Group Sanctions Compliance on U.S. / OFAC sanctions concerns, and coordinating with the Head Office/Group Sanctions Compliance on global investigations, as appropriate.

OUR CULTURE:
At Societe Generale, we live by our 4 core values of commitment, responsibility, team spirit and innovation. We are engaged and demonstrate consideration for others. We act ethically and with courage. We focus our talent and energy on collective success. We experiment and propose new ideas. This way, we maximize our ability to serve client needs and anticipate market changes. Societe Generale is committed to strengthening bonds with colleagues, communities, and the world in which we live, because relationships are at the heart of how we operate.
For more information about our Culture and Conduct initiatives, please visit this link (https://americas.societegenerale.com/en/careers/get-know-culture/)
D&I:
Our Diversity & Inclusion Mission: Recruit, develop, advance, and retain a diverse workforce that is united in our efforts to enhance our competitive position and deliver innovative solutions to our clients.

For more information about our D&I initiatives, please visit this link (https://americas.societegenerale.com/en/societe-generale-about/diversity-and-inclusion/)

HYBRID WORK ENVIRONMENT:
Societe Generale offers a hybrid work arrangement that offers employees the flexibility to work remotely, as well as on-site, in order to promote interaction and collaboration with colleagues while adhering to all SG standard protocols. Hybrid work arrangements vary based on business area. The applicable Business lines will determine and communicate the work arrangements that best meet their business needs.

We strive to write our postings as inclusively as possible. If only one gender is used, it applies to all gender identities.