Job Details

Sanctions Officer

Company name

Intesa Sanpaolo

Organization Type


Job Type


Date Last Verified

Aug 01, 2020

Valid Through

Nov 14, 2020

Posted on

Jul 05, 2020

Years of Experience

Min 3 yrs required


New York City, NY, United States

Employment Type



Practice Area
Finance >> Finance - General
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Sanctions Officer
The candidate will provide guidance, support and subject matter expertise on sanctions issues. Conduct end-to-end through reviews of escalations from the First Line pertaining to potential illegal activity, global watch lists, or activity in violation of the economic and trade sanctions administered by OFAC. Investigate and clear all possible OFAC/Sanctions and filter potential matches forwarded by the Operations Department. LC Department and Line of Business. Responsible for timely OFAC reporting, including blocks, rejects, drafting of Voluntary Self-Disclosures and Annual Blocked Property Reports. Communicate with OFAC to obtain guidance on unprocessed transactions as appropriate. Update Sanctions related tracking logs. Process connected correspondence with Head Office, branches, affiliates and OFAC relating to f release of funds, information requests on status of payment. Coordinate with IT and Head Office on systems and control enhancements. Provide the Head of BSA/AML/Sanctions, Transaction Monitoring and Filtering and/or designee support for all external and internal audit examinations and system validations. Perform Trade Finance monitoring, which includes vessel monitoring, red flag escalation reviews and approval of BSA Forms used to monitor suspicious activity for Trade Finance deals. Assist in reviewing, revising and updating Sanctions, Trade Finance and Lending manuals and procedures. Effectively communicate with lines of businesses for Trade Finance and Lending related escalations to obtain additional information and supporting documentation and relevant changes in the Sanctions regime as needed. Liaise with IT personnel. Perform periodic review of Manual Stop Descriptors Good Guys and add-hock reviews in Sanctions screening tools. Assist other Investigators, ISPNY Head of BSA/AML/Sanctions, Transaction Monitoring and Filtering and the CCO & BSA/AML/OFAC Officer in general compliance matters and projects, and provide support and coverage to periodic regulatory exams, testing other compliance related matters as necessary. Should have 3 years of professional experience in OFAC roles. Should have experience in performing account activity sanctions analysis. Must be familiar with application of OFAC Sanctions programs within the banking industry. Wholesale banking experience preferred. Must have Bachelor's Degree in Finance, Accounting, Economics, Law or related field. Should have working knowledge of funds transfer, payments operations, trade finance and lending. Should have Working knowledge of general BSA/AML red flags. Working knowledge of BSA/AML red flags with special focus on trade finance and lending a plus. Experience in regulatory matters related to OFAC Sanctions compliance. EU Sanctions a plus. Working knowledge of eGifts and Safewatch systems are a plus

Company info

Hiring Coordinator
Intesa Sanpaolo
1 William St,
New York City, NY 10004

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