What are the responsibilities and job description for the Economic Sanctions Analyst position at U.S. Bank?
At U.S. Bank, we're on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at-all from Day One.
**Job Description**
The 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 Analyst (Business Risk Professional 2 - AML) reports to the FX Services Sanctions Screening Manager and has?an intermediate understanding of applicable laws, regulations, financial services, and regulatory trends related to economic sanctions screening. They may take a leading role in projects and/or activities that ensure compliance with applicable federal, state, and local laws and regulations. They may identify gaps in inadequate internal processes, systems, or human errors and devise practical solutions to these issues. They may actively identify, respond and/or escalate risks as appropriate. They may inform policies and procedures to maximize operational efficiency and minimize regulatory exposure. They may review and revise training materials and operational procedures to ensure the information contained therein is both accurate and up to date.
**Duties may include:**
Perform OFAC/Sanctions watch list screening of financial transactions, as needed
Serve as first escalation point for screening specialists?
Partner with team manager to train screening specialists and encourage continuous improvement
Take ownership of various tasks and projects
Craft Procedures, Reference Guides, Checklists, Process Flows, and other documentation
Create and update training documents
Collaborate with team manager on various tasks and initiatives, as needed
**Basic Qualifications**
Bachelor's degree, or equivalent work experience?
1-2 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
Ability to work independently with minimal assistance or supervision
Proficient computer navigation skills, particularly word processing, spreadsheet, databases, and presentations?
Knowledge of U.S. Bank's operations, systems, and practices within business units?
If there's anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants ([ Link removed ] - Click here to apply to Economic Sanctions Analyst .
**Learn how** the way we work at U.S. Bank ([ Link removed ] - Click here to apply to Economic Sanctions Analyst drives meaningful relationships with our customers and collaboration across the company.
**Benefits:**
Our approach to benefits and total rewards considers our team members' whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours):
Healthcare (medical, dental, vision)
Basic term and optional term life insurance
Short-term and long-term disability
Pregnancy disability and parental leave
401(k) and employer-funded retirement plan
Paid vacation (from two to five weeks depending on salary grade and tenure)
Up to 11 paid holiday opportunities
Adoption assistance
Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
**EEO is the Law**
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. Applicants can learn more about the company's status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS ([ Link removed ] - Click here to apply to Economic Sanctions Analyst EEO 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 ([ Link removed ] - Click here to apply to Economic Sanctions Analyst .
The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, US Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401k contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $64,855.00 - $76,300.00 - $83,930.00
U.S. Bank will consider qualified applicants with criminal histories in a manner consistent with the San Francisco Fair Chance Ordinance.
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 Description**
The 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 Analyst (Business Risk Professional 2 - AML) reports to the FX Services Sanctions Screening Manager and has?an intermediate understanding of applicable laws, regulations, financial services, and regulatory trends related to economic sanctions screening. They may take a leading role in projects and/or activities that ensure compliance with applicable federal, state, and local laws and regulations. They may identify gaps in inadequate internal processes, systems, or human errors and devise practical solutions to these issues. They may actively identify, respond and/or escalate risks as appropriate. They may inform policies and procedures to maximize operational efficiency and minimize regulatory exposure. They may review and revise training materials and operational procedures to ensure the information contained therein is both accurate and up to date.
**Duties may include:**
Perform OFAC/Sanctions watch list screening of financial transactions, as needed
Serve as first escalation point for screening specialists?
Partner with team manager to train screening specialists and encourage continuous improvement
Take ownership of various tasks and projects
Craft Procedures, Reference Guides, Checklists, Process Flows, and other documentation
Create and update training documents
Collaborate with team manager on various tasks and initiatives, as needed
**Basic Qualifications**
Bachelor's degree, or equivalent work experience?
1-2 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
Ability to work independently with minimal assistance or supervision
Proficient computer navigation skills, particularly word processing, spreadsheet, databases, and presentations?
Knowledge of U.S. Bank's operations, systems, and practices within business units?
If there's anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants ([ Link removed ] - Click here to apply to Economic Sanctions Analyst .
**Learn how** the way we work at U.S. Bank ([ Link removed ] - Click here to apply to Economic Sanctions Analyst drives meaningful relationships with our customers and collaboration across the company.
**Benefits:**
Our approach to benefits and total rewards considers our team members' whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours):
Healthcare (medical, dental, vision)
Basic term and optional term life insurance
Short-term and long-term disability
Pregnancy disability and parental leave
401(k) and employer-funded retirement plan
Paid vacation (from two to five weeks depending on salary grade and tenure)
Up to 11 paid holiday opportunities
Adoption assistance
Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
**EEO is the Law**
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. Applicants can learn more about the company's status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS ([ Link removed ] - Click here to apply to Economic Sanctions Analyst EEO 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 ([ Link removed ] - Click here to apply to Economic Sanctions Analyst .
The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, US Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401k contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $64,855.00 - $76,300.00 - $83,930.00
U.S. Bank will consider qualified applicants with criminal histories in a manner consistent with the San Francisco Fair Chance Ordinance.
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.
Recommended Skills
- Analytical
- Attention To Detail
- Business Efficiency
- Business Process Improvement
- Communication
- Corrective And Preventive Action (Capa)
Salary : $64,855 - $76,300
Analyst
StepStone Hospitality -
Providence, RI
OTC Analyst
Robert Half -
New York, NY
Cybersecurity Analyst
HCH ENTERPRISES LLC -
Providence, RI
