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Wallet icon Coin icon Rate 360 € - 410 € / man-day
Timer icon Form of cooperation Full-time
Briefcase icon Sector Banking
Location icon Location 100% Remote
Project duration 6 months with the possibility of extension
Period of cooperation 01.07.2024 - 31.12.2024
Start date 01.07.2024 or by agreement
  • English flag English - active, B2/C1/C2

Project description

  • actively supporting the bank in auditing its global branches to ensure compliance with required OFAC standards
  • project in a fully regulated environment, already set in the standards, but verification and improvement of the overall OFAC framework is expected
  • cooperation in implementing the requirements of OFAC and the Sanctions Controls Framework
    • system implementation and data management TF (Transaction Filtering) or TxF (Transaction Filtering Systems)
    • Anti-Money Laundering (AML)
  • managing relations with interested parties
  • advanced knowledge of English (C1) and advanced knowledge of German (B2) is a big advantage
  • cooperation in an international team with members from the USA, UK, EU (Germany, Slovakia, Czech Republic, Poland) and APAC. Participation of employees from various branches of the bank around the world
  • cooperation in Hybrid mode; mostly Remote , the need to travel to any branch of the client within the EU or outside the EU as needed by the project, approximately 1-2 weeks per month (subject to confirmation)
  • travel expenses will be reimbursed based on the invoices submitted

Project requirements

  • min. 5 years of project experience with OFAC requirements
    • comprehensive understanding of OFAC regulations and sanctions programs
    • experience with the implementation and management of sanctions controls in large and complex foreign banking organizations (FBOs)
  • extensive experience in assessing and mitigating sanctions risks
    • the ability to identify risks of sanctions in banking operations
    • developing and implementing effective risk mitigation strategies
  • experience with/with:
    • system implementation and data management ( TF or TxF systems )
      • experience with the implementation and testing of Transaction Filtering (TF) or Transaction Filtering Systems (TxF) systems
      • basic knowledge of tracking and data origin in these systems
    • Anti-Money Laundering (AML)
      • knowledge of AML practices and regulations
      • the ability to integrate AML controls with the sanctions compliance framework
    • by reviewing, proposing and revising policies, procedures and training materials ( Policy and Procedure Development )
    • by managing the risks of sanctions
      • knowledge of first line of defense (1LOD) controls such as Know Your Customer (KYC), Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD)
  • technical knowledge of systems:
    • payment processing systems and screening
      • understanding of payment processing systems
      • knowledge of transaction screening systems and static data
    • assessment of risks in correspondent banking
      • the ability to assess the risks associated with correspondent banking
    • exceptional communication skills - in writing and orally (especially in English )   and the ability to communicate at multiple levels within the company
    • strong facilitation skills (be able to lead meetings , make decisions and plan by consensus with the participants)
    • very good knowledge of written and spoken English; knowledge of German is a great advantage
    • a big advantage of certification:
      • Certified Global Sanctions Specialist (CGSS)
      • Association of Certified Anti-Money Laundering Specialists (ACAMS)
    • strong organizational, negotiation and analytical skills
    • open to new ideas and visions
    • the ability to respond flexibly and adapt to change
    • proactive approach
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