OFAC Compliance Team Consultant


New York, NY

Industry: Accounting, Finance & Insurance


11 - 15 years

Posted 30 days ago

  by    Kevin J. Collins

Our client, a major international bank is seeking a consultant to join their OFAC Compliance Team - Legal and Compliance Department for 6 months to a year and maybe permanently. Candidate must have large bank experience.

Job Description:

- Create and prepare deliverables in response to OFAC compliance audit and regulatory examinations

- Coordinate meetings with stakeholders and collaborating on the final deliverables

- Document processes and draft policies and procedures

- Complete administrative project management work

- Report progress to senior management

- Create and execute project plans

- Work closely with two other individuals on the remediation team

Job Requirement:

- Bachelor's degree or above in accounting, finance, IT or related fields, advanced degree is preferred

- Strong background in building/sustaining an OFAC/sanctions compliance program, preferably in a foreign financial institution

- Background in OFAC audit and regulatory remediation responses

- Technical IT skills, specifically related to sanctions screening systems and data, with the ability to conduct assessments and document results is strongly preferred

- Familiarity with sanctions filters and Fircosoft Continuity and Trust, OFAC program development, designing OFAC/sanctions issue project plans, providing sanctions subject matter expertise; MIS reporting and metrics; and addressing OFAC/sanctions quality assurance issues

- Excellent written and oral communication and interpersonal skills with the ability to present complex and sensitive issues to senior management

- Very strong analytical, critical thinking and decision making skills

- Ability to build repertoire with internal stakeholders and examiners

- Experience in establishing and meeting goals, tracking and driving optimization opportunities and presenting progress

- Enthusiastic, self-motivated, effective under pressure, takes an analytical approach for problem solution

Location: New York City

Compensation: 160.00-175.00 per hour or approx. 260k per year