Office of Foreign Assets Control Analyst II

Title: PT - OFAC Analyst 2 (HYBRID) Miami Lakes, FL

Location:  Miami Lakes, FL

Job Description:

Position Type

Part Time - Permanent

Area of Interest

Risk

Req Num

6457

Who We Are

BankUnited (NYSE: BKU) is a national bank headquartered in Miami Lakes, Florida with banking centers in Florida, the New York metropolitan area, Dallas and Atlanta. BankUnited has two subsidiaries, Pinnacle Public Finance headquartered in Scottsdale, Arizona and Bridge Funding Group headquartered in Hunt Valley, Maryland. We pride ourselves on our entrepreneurial and collaborative culture encompassing the best minds, the brightest talent and the boldest decision makers.

BankUnited is honored to announce that we have been included on the Newsweek and Statista America’s Most Trusted Companies Award List!

BankUnited has been recognized by Newsweek for two outstanding awards in 2023 as one of America’s Greatest Workplaces and as one of America’s Greatest Workplaces for Job Starters, which acknowledges our commitment to creating an exceptional workplace.

Our Culture

At BankUnited, we foster a diverse and inclusive environment where all employees have the opportunity to advance, grow and achieve their goals. Our rally cry is to GO FOR MORE™, a call to action to go above and beyond to provide the best customer experience to every client and to GO FOR MORE in your career.

Why BankUnited

Working for BankUnited offers you exciting challenges and opportunities to advance your professional development, while empowering you to deliver and be your best. We are happy to report the average tenure according to LinkedIn insights is 8.3 years. We strive to provide a competitive benefits plan to our employees and are proud to have been nationally ranked #1 as one of the 2023 Healthiest 100 Workplaces in America by Springbuk and awarded HEALTHIEST EMPLOYER by the South Florida Business Journal since 2020.

As a company, we believe we are only as successful as our people and are committed to providing training and innovative resources that prepare you to reach your full potential. That's why in addition to tuition reimbursement, we provide our employees with exciting career coaching, courses and training through our own GO FOR MORE™ Academy and mentoring opportunities through our iCARE™ (Inclusive Community of Advocacy, Respect and Equality) program.

At BankUnited, we strive to provide our employees with a work life balance. Specifically, retail branches operate 5 days a week Monday – Friday, excluding evening and/or weekend hours. For many of our positions, we offer a hybrid work environment, as well as a remote work environment for designated positions.

If you thrive in a fast-paced collaborative work environment, Apply Now and start your journey with BankUnited today!

 

Job Description

SUMMARY: The primary purpose of this position is to review and analyze customer information and activity for compliance with sanctions laws using various methods, such as (but not limited to) an automated OFAC monitoring system, reports, notification from other banking personnel and transactional testing. The incumbent will also address functions of OFAC and FinCEN reporting requirements.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties and special projects may be assigned.

• Conduct in-depth research into customer accounts, properly document findings and communicate with account officers requesting information to ascertain if activity is permissible by regulation.
• Conducts investigations to appropriately resolve potential matches generated by the Bank's OFAC screening software on both the customer and transaction level.
• Acts as point of contact for all escalations by the business lines related to OFAC matters.
• Thoroughly document findings by preparing reports in a manner that is clear and comprehensible to BSA supervisors/managers, internal auditors and regulatory examiners.
• Review new accounts and/or customer profile updates, which are screened against Office of Foreign Assets Control (OFAC) lists through the Bank's OFAC system.
• Review information provided for Commercial, Residential and Consumer loans for possible OFAC matches, as well as wire transfers to ascertain compliance requirements.
• Prepare and/or file blocked property report with OFAC.
• Review and analyze bi-monthly FinCEN 314(a) issued lists for possible matches within the Bank's database, wire activity and monetary instrument report.
• Report all findings to manager.
• Review and prepare Currency Transaction Reports.
• Exercise discretion in setting priorities, identifying accounts that require further investigation and taking action to obtain the information required.
• Perform any other assignments as directed by manager.
• Participate in all team meetings.
• Interact with other departments to resolve open BSA investigations
• Troubleshoot system issues with the IT department and management team
• Cross-train staff on systems
• Perform LOB training when needed
• Assist with CTRs as needed
• Adheres to and complies with applicable, federal and state laws, regulations and guidance, including those related to anti-money laundering (i.e. Bank Secrecy Act, US PATRIOT Act, etc.).
• Adheres to Bank policies and procedures and completes required training.
• Identifies and reports suspicious activity.

 

EDUCATION

Bachelor's Degree required

 

EXPERIENCE

• 4-6 Years banking experience with emphasis on BSA/AML compliance and sanctions payment screening required

 

CERTIFICATES, LICENSES, REGISTRATIONS

• Certified Anti-Money Laundering Specialist (CAMS) preferred Or
• Anti-Money Laundering Certified Associate (AMLCA) preferre