What are the responsibilities and job description for the OFAC Sanctions Specialist position at Computer Enterprises, Inc.?
- Title: OFAC Sanctions Specialist
- Location: Jersey City, New Jersey
- Contract: W2 only, 12-month contract with potential for extension or conversion to full time with the client.
- Pay: $ 50/hour optional medical, dental, vision, 401(k) match
Overview
This role involves performing Level 2 reviews of transactions flagged for potential sanctions violations, ensuring compliance with external and internal regulations. The specialist will investigate payments, monitor case investigations, and collaborate with legal, treasury, and financial teams to maintain operational integrity. The position requires a strong understanding of OFAC processes, sanctions investigations, and funds transfer regulations, supporting the enforcement of sanctions policies within a high-volume environment.
Key Responsibilities
- Conduct Level 2 review of transactions referred to the OFAC Exception queue for potential sanctions violations.
- Investigate payments requiring regulatory hold and ensure timely follow-up and resolution.
- Analyze case investigation data to determine appropriate actions on payments.
- Collaborate with U.S. and Group Financial Services, Legal, and Treasury teams on wire transfer searches and case investigations.
- Ensure all escalated transactions comply with external and internal regulations and policies.
- Validate vendor file uploads to filtering systems, ensuring accurate updates to sanctions lists.
- Prepare and analyze reports, and recommend procedural improvements as needed.
Required Skills
- 2-3 years’ experience in OFAC and sanctions investigation.
- Strong understanding of regulatory requirements and sanctions enforcement procedures.
- Knowledge of funds transfer operations including CHIPS, Fedwire, SWIFT, LYNX, and ACH.
- Excellent verbal and written communication skills with high attention to detail.
- Ability to multi-task in a fast-paced, high-volume environment.
- Proficiency in MS Word, Excel, Outlook, and PowerPoint.
- Associate/BA degree from an accredited college/university.
Preferred Skills
- ACAMS/ACSS certification.
- FINRA registration (not applicable but preferred).
- Knowledge of group payment transparency policies and operational control frameworks.
Why Should I Apply?
This position offers an opportunity to work within a dynamic financial environment, ensuring compliance with global sanctions regulations. It provides a chance to develop expertise in sanctions enforcement and collaborate with cross-functional teams in a high-impact role.
About CEI
As a trusted technology partner, CEI delivers solutions that help our customers transform their business and achieve meaningful results. From strategy and custom application development through application management - our technology and digital experience services are tailored to meet each unique need of our customers. Our staffing solutions bring specialized skills to complement our customers' workforce and project requirements.
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