Payments Sanctions Screening Analyst-Level 1

Banking Circle US is a fully clouded, scalable financial infrastructure provider building the first and only real-time clearing and settlement network globally. Our mission is to build proprietary access to all the world’s major currencies on one platform and create a financial ecosystem that cuts out the time and cost of cross border payments, enabling a new way for financial institutions and corporates to service online merchants.

Banking Circle US will offer an API-based product for domestic and cross-border payments, as well as foreign exchange services. We will serve U.S. banks and their overseas counterparties, payment service providers, and large corporates.

We are looking for a Payments Sanctions Screening Analyst who performs the first line of defense, Payment Sanctions Screening, Level 1 alert dispositions. The analyst will be responsible for adhering to Banking Circle US’s relevant policies and procedures when performing duties.

The duties listed are not exhaustive but represent typical duties. Line management will request and expect participation in other activities / tasks as the need arises.

Responsibilities

·Manage and process screening alerts at Level 1, releasing false positive alerts and escalating potential matches where appropriate

·Conduct research as required and document detailed results in written format for escalation to Level II Analyst or Compliance as appropriate

·Ensure caseload is prioritized to ensure payments are reviewed prior to applicable currency cut-off

·Develop a strong understanding of the business operating model for Payment Sanctions Screening

·Identify opportunities for false hit suppression via whitelisting

·Providing ongoing training to stakeholders where necessary

·Adhere to operating procedures to maintain key controls

·Track system or process issues, as well as areas for improvement

·Assist in the compilation of required performance and risk metrics.

·Completing other applicable sanctions processes in accordance with regulations and time limitations

Education and Experience

·Bachelor’s Degree - Preferably, Criminal Justice, Fraud Prevention or Homeland Security, or equivalent work experience

·Minimum of 2-3 years of experience in Payment, Risk & Control, Compliance, Bank Secrecy Act, and/or Anti-Money Laundering within a bank or financial institution

·Experience in payments sanctions investigations and dispositions

·Professional BSA or AML certification(s), preferred

Abilities:

An interest in and knowledge of Sanctions legislation in US

A knowledge of multiple software packages (e.g., Dow Jones, Fircosoft, SWIFT)

Solid IT skills, particularly with Microsoft Excel

Proactive and can work in a fast-paced environment