Previous Job
Sanctions Payment Specialist
Ref No.: 18-18063
Location: Jersey City, New Jersey
Business Overview:

Payment & Clearing Solutions is responsible for the processing of incoming and outgoing wire transfers on a Regional platform for a variety of currencies. The area provides a full array of Cash Management Services on an around-the-clock basis to the Bank's customers. 


In compliance with various regulatory programs, our level 1 team is responsible for first level review and research of transaction activity with potential sanctions concerns for regulatory compliance.  

  • Perform first level review of obvious false positive (payments/Swift and non-SWIFT messages) that are stopped in our various filtering systems.
  • Escalate questionable and exact matches to the level 2 team (SEE) for review.
  • Ensure adherence to all external regulatory and internal policy guidelines as dictated by the position.
  • Identify repetitive false hits and submit for exclusions
  • Ensure PCS's Level 1 operations are conducted in the safest and most efficient manner possible.  
  • Validate file uploads to our filtering systems to ensure that list changes, additions or deletions are updated to the systems accurately.
  • Participate in the department's educational program through tutorials, training sessions, etc.
  • Maintain the highest possible regulatory standards of quality, while minimizing risk to both the Bank as well as to our customers.
  • Make recommendation for procedural changes where deemed necessary. 
  • Keep abreast of changes, both regulatory and operational, which will have an impact on the department and the Bank.
  • Perform other support operations functions to other areas within the department as required.
  • Escalate complex/unusual transactions/scenarios to the Team Leader.
  • Extended hours/holidays may be required at times to meet operational needs.
  • Make direct contribution to operational permanent control framework.
Preferred Qualifications:
  • Understanding of Regulatory awareness, and the regulations which govern it.
  • Proficient knowledge and understanding of the OFAC processes and procedures.
  • Knowledgeable of International wires transfers, SWIFT and local clearing systems.
  • Excellent communication skills.
  • Excellent attention to detail and accuracy.
  • Must be able to function in both individual and collaborative work environment
  • Self-motivated and ability to multi-task in a high-volume and fast-paced environment.
  • Knowledge of Montran or Prime a plus
Client Registrations Required: 
  • Not applicable