Sanctions Compliance Officer

Cleveland, Ohio
Not Specified
Oct 10, 2016
Dec 09, 2016
Job Type
Not Specified
Career Level
Not Specified

Title_Sanctions Compliance Officer_

About the OrganizationAmTrust Financial Services, Inc., (Nasdaq: AFSI) headquartered in New York City, is a multinational insurance holding company, which, through its insurance carriers, offers specialty property and casualty insurance products, including workers' compensation, commercial automobile and general liability; extended service and warranty coverage.

PositionSanctions Compliance Officer

LocationOH, Cleveland

DescriptionSupport Global Chief Compliance Officer in responsibility to fulfill the insurance company's regulatory requirements related to sanctions and Know Your Customer requirements.

Responsibilities will include:+ Create a sustainable global program for sanctions compliance within our diversified insurance business groups
  • Providing guidance and support to business concerning responsibilities surrounding USA Patriot Act compliance, global sanctions compliance, including OFAC and anti-money laundering (AML) due diligenceDevelop, recommend and implement risk based approach around regulatory processes and controls to ensure business unit compliance with regulatory driven sanction lists, watch lists and AML rules and regulations
  • Daily review and investigation of any potential hits to OFAC (SDN) and other related sanctions list ensuring immediate handling and response
  • Conduct a regular audit of industry risks including new business types that may provide a new threat to the insurance company and provide recommendations to CCO regarding mitigation controls
  • Ensure timely implementation of new procedures in compliance with any change in laws and regulations and enhanced due diligence programs
  • Coordinate regulatory examinations related to BSA/USA Patriot Act, OFAC and related issues
  • Providing written and verbal communication on issues with management, the lines of business and Compliance units, performing and reviewing highly sensitive client and transaction search information, reporting, escalating and documenting results.
  • Conduct ad hoc due-diligence projects

    Open Date9/29/2016

    Position Requirements+ Must have 3-5 years of insurance or other financial services experience with specific focus on AML/BSA practices
  • OFAC, AML and Sanctions experience is a must
  • Experience with third party sanctions software tools (i.e. WorldCheck) and business integration and review process a must
  • Strong verbal/written communication skills, high volume processing and analytical skills
  • Ability to work independently and ensure deadline completion
  • Must be results oriented and have strong organizational skills with the ability to manage multiple priorities
  • Excellent project management and presentation skills
  • Ability to interact and present project to Senior Management across business lines and geographic locations
  • Certified Anti Money Laundering Specialist (CAMS) a plus #LI-Post


    Req NumberAUD-16-00016

    Shift-not applicable-

    Number of Openings1

    Employee Referral Eligible

    Employee Referral PayoutThis position is currently accepting applications.