The Bancorp Bank

  • Sanctions and Watchlist Analyst III

    Job Location US-DE-Wilmington
    Remote position
    Regular Full-Time
  • Overview

    Support the Sanctions Unit of the Financial Crimes Risk Management Department. Perform a wide range of unit activities, including sanctions screening, high risk country transaction analysis, assessment of customers vis a vis watchlists (including politically exposed person lists and negative news), and support business BSA/AML and sanctions screening activities. Cross train in other FCRM functions.



    • Conduct sanctions screening and special due diligence reviews of Politically Exposed Persons in addition to identifying fraud and relevant negative news items.
    • Helps in leveraging and the use of software tools and technologies for OFAC, PEP, and negative news screening. Experienced in using tools such as Lexis Nexis, Bridger, World Check, Acuity, Finscan etc.
    • Analyzes high risk counterparties, reputational risks and politically exposed persons (“PEP”) and prepares reports and recommendations as needed.
    • Escalates issues discovered during ongoing review and assessment of AML/OFAC compliance risk that require escalation to Senior Management for direction on resolution.
    • Liaises with OFAC on escalated transactions, as needed, and facilitates the filing of required reports such as Fincen 314(a).
    • Manages KYC/Sanctions related metrics reporting related to volume and analysts’ performance.
    • Conduct time-sensitive, detailed investigations, analyzing each instance of potential money laundering activity and/or suspicious financial activity across multiple jurisdictions and countries, using a wide variety of research and analytical tools. Handle a higher percentage of the more complex analyses than Level II.
    • Identify alerts which warrant additional research.  Escalate potential sanctions violations and/or reputational/financial risks accordingly and document resolution.
    • Conduct, review and evaluate alerts; perform ad-hoc alert/screening on new and existing customers as appropriate.
    • Perform analysis using deep understanding of AML/OFAC requirements and implications.
    • Stay abreast of regulatory changes and AML related news, with an emphasis on OFAC sanctions-related developments.
    • Multi-task efficiently within time constraints and with available resources.
    • Maintain and apply knowledge of FCRM Department goals and business objectives; perform activities that support these goals.
    • Document alerts and exceptions investigations using WorldCheck, LexisNexis, RFI requests, internal databases and sources, and open internet searches.
    • Cross train and work across FCRM departments as needed including one or more of the following areas: KYC, Investigations, or Surveillance and Monitoring
    • Perform other more complex related compliance assignments as assigned.



    • An undergraduate degree in a related field
    • A minimum of 7 years of related transaction monitoring, KYC, sanctions, fraud or investigative experience in BSA/AML

    Other Qualifications:

    • Sound working knowledge of BSA/AML regulations, including OFAC requirements
    • Excellent verbal, written, and interpersonal communication skills
    • A team player able to work effectively in a team fostered, multi-tasking environment
    • Proficient in Microsoft Office suite, e.g. Excel, PowerPoint, Word, Outlook


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