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 regulationsDaily review and investigation of any potential hits to OFAC (SDN) and other related sanctions list ensuring immediate handling and responseConduct 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 controlsEnsure timely implementation of new procedures in compliance with any change in laws and regulations and enhanced due diligence programsCoordinate regulatory examinations related to BSA/USA Patriot Act, OFAC and related issuesProviding 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
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
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
Position Requirements+ Must have 3-5 years of insurance or other financial services experience with specific focus on AML/BSA practicesOFAC, AML and Sanctions experience is a mustExperience with third party sanctions software tools (i.e. WorldCheck) and business integration and review process a mustStrong verbal/written communication skills, high volume processing and analytical skillsAbility to work independently and ensure deadline completionMust be results oriented and have strong organizational skills with the ability to manage multiple prioritiesExcellent project management and presentation skillsAbility to interact and present project to Senior Management across business lines and geographic locationsCertified Anti Money Laundering Specialist (CAMS) a plus #LI-Post
Number of Openings1
Employee Referral Eligible
Employee Referral PayoutThis position is currently accepting applications.