U.S. Bank Economic Sanctions Screening Specialist in St. Paul, Minnesota
At U.S. Bank, we're passionate about helping customers and the communities where we live and work. The fifth-largest bank in the United States, we’re one of the country's most respected, innovative and successful financial institutions. U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.
Job DescriptionThe organization's risk management structure is designed to promote effective governance and risk management that is systematic, transparent, credible, timely, and verifiable through clear delineation and execution of key roles and responsibilities.
Its goal is to assess and/or manage risks that may impact the company, including credit, financial, liquidity, market, operational, reputational, strategic, and other risks as appropriate.
The Economic Sanctions Screening Specialist (Business Risk Specialist 2 – AML) reports to the Derivatives and FX Compliance Support Manager and has a basic understanding of applicable laws, regulations, financial services, and regulatory trends related to economic sanctions screening. They may participate in projects and/or activities that ensure compliance with applicable federal, state and local laws, and regulations. They may identify gaps and inform solutions that minimize losses resulting from inadequate internal processes, systems, or human errors. They may actively identify, respond and/or escalate risks as appropriate. They may inform policies and procedures in an effort to maximize operational efficiency and minimize regulatory exposure.
Duties may include: - Perform OFAC/Sanctions watch list screening of financial transactions - Work cooperatively with internal/external stakeholders, and potentially customers, to obtain and evaluate information necessary to support the analysis of potential watch list matches - Foster awareness and understanding of compliance and risk management best practices with operations partners - Ensure compliance with the U.S. Bank Code of Ethics and all AML/BSA, information security, and suspicious activity reporting requirements, policies, and procedures - Maintain currency on legal, regulatory, AML/BSA, sanctions compliance requirements
Basic Qualifications - High school diploma or equivalent - One to two years of applicable experience
Preferred Skills/Experience - Familiarity with OFAC/Sanctions and/or AML/BSA concepts - Ability to proactively identify potential gaps, escalate appropriately, and assist with corrective action - Detail-orientated and able to think critically - Demonstrated analytical abilities and problem-solving skills - Effective oral and written communication skills - Proficient computer navigation skills, particularly word processing, spreadsheet, databases, and presentations - Knowledge of U.S. Bank’s operations, systems, and practices within business units
Benefits: Take care of yourself and your family with U.S. Bank employee benefits. We know that healthy employees are happy employees, and we believe that work/life balance should be easy to achieve. That's why we share the cost of benefits and offer a variety of programs, resources and support you need to bring your full self to work and stay present and committed to the people who matter most - your family.
Learn all about U.S. Bank employee benefits, including tuition reimbursement, retirement plans and more, by visiting usbank.com/careers.
EEO is the Law Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal EEO is the Law poster.
E-Verify U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program.
Salary range reflected is an estimate of base pay and is for the primary location. Base pay range may vary if an offer is made for work in a different location. Pay Range: $18.13 - $24.18 - $26.60
U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.
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