Note: The job is a remote job and is open to candidates in USA. Brown Brothers Harriman (BBH) is a premier global financial services firm known for its partnership approach to client management. As an AML Compliance Screening Specialist, you will review alerts from sanctions screening, identify potential violations, and escalate risks, ensuring compliance with AML/OFAC regulations.
Responsibilities
- Using your analytical and investigative skills conducting Level 1 (L1 - initial review) of sanctions screening for real time and post transactional review of hits in FircoSoft (automated sanctions screening system) at an enterprise level for potential violations of Office of Foreign Asset Controls (“OFAC”), other governmental sanctions regimes, Internal Interdict list and FinCEN 314(a) in accordance with defined procedures. Hits are generated from, but not limited to screening of transactions, cash payments, trade instructions, corporate action messaging, and client-related names (i.e. Beneficial owners and/or interested parties)
- Conducting manual sanctions screening and providing timely response to various requests/inquiries received within the sanction’s mailbox from multiple areas of the bank including but not limited to Mutual Funds, Corporate Actions and Trade Management
- Performing control reconciliation functions of daily reviews to ensure all hits are addressed/escalated in a timely manner
- Ensuring that policies and procedures are adhered to daily and have this evidenced
- Developing an understanding of AML/OFAC requirements and implications
- Identifying problem items and escalating to the Lead/Supervisor as necessary
- Communicate professionally and constructively to effectively resolve issues in a timely and efficient manner
- Staying abreast of regulatory changes and AML-related news, with an emphasis on OFAC sanctions-related developments
- Working closely with colleagues in broader compliance discipline and lines of business
Skills
- BA/BS degree or equivalent work experience
- 1-3 years of fundamental Sanctions knowledge or related Anti-Money Laundering (AML) experience is recommended
- Banking Operational background, specifically in SWIFT, CHIPS, payments message types, a plus
- Ability to see through gray areas and assess AML-related risks
- Detail oriented and investigative/administrative ability
- Ability to identify, escalate and resolve a problem
- Ability to multi-task, adhere to intra-day deadlines, and work in a team environment
- Strong knowledge of laws applicable to money laundering, including the Bank Secrecy Act, USA Patriot Act, US Treasury AML guidelines, OFAC requirements, a plus
- Access to a high speed broadband internet connection
- Position requires occasional holiday coverage
- Knowledge of FircoSoft or related sanctions screening systems strongly preferred
Benefits
- Discretionary bonuses
- Profit-sharing
- Healthcare
- Income protection
- Professional development opportunities
- Time off
Company Overview
Brown Brothers Harriman is an American partnership bank that offers a range of international investment and banking services. It was founded in 1995, and is headquartered in New York, New York, USA, with a workforce of 5001-10000 employees. Its website is http://www.bbh.com.
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