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Anti-Money Laundering Sanctions Specialist - Retail Bank Operations

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PNC

20d ago

  • Job
    Full-time
    Junior Level
  • United Kingdom, +1
    Remote

AI generated summary

  • You need extensive sanctions analysis experience, deep regulatory knowledge, strong analytical skills, effective communication, and proficiency in compliance tools. Certifications preferred.
  • You will implement AML and Sanctions programs, update compliance policies, identify risks, prepare reports, and support business initiatives while ensuring regulatory adherence.

Requirements

  • Sanctions analyst with extensive experience in Sanctions/BIS programs and controls.
  • In-depth understanding of international sanctions regulations, including Canadian/UK/EU and UN sanctions.
  • Familiarity with country/region sanctions regimes.
  • Knowledge of industry best practices for sanctions compliance.
  • Strong analytical and critical thinking skills to identify potential sanctions risks.
  • Ability to conduct comprehensive research and due diligence on entities and individuals.
  • Excellent written and verbal communication skills to prepare reports and communicate sanctions-related issues effectively.
  • Proven ability to investigate and assess potential sanctions violations.
  • Experience in handling escalated cases and providing appropriate recommendations.
  • Proficiency in using sanctions screening software and other relevant tools.
  • Ability to adapt to and learn new technology platforms quickly.
  • Stay current with evolving sanctions regulations and ensure ongoing compliance.
  • Ability to proactively identify potential compliance issues and propose solutions.
  • Effective time management skills to prioritize tasks and meet deadlines.
  • Flexibility to adapt to changing regulations and business needs.
  • Willingness to engage in continuous learning and professional development in the sanctions field.
  • Positive attitude and willingness to contribute to a positive team culture.
  • Professional certifications in sanctions compliance or related field (e.g., Certified Sanctions Specialist) preferred.

Responsibilities

  • Implements business unit Anti-Money Laundering (AML) and Sanctions Programs to prevent illegal, unethical, or improper business practices. Assists in the execution and oversight of activities to comply with the Bank Secrecy Act, AML, USA PATRIOT ACT and Sanctions Program requirements. Developing ability to constructively challenge conclusions/status quo.
  • Update AML and Sanctions policies and procedures as needed. Ensure that Compliance Manuals, Front Office Manuals, policies and procedures accurately reflect current laws, rules, other regulatory requirements and management intent. Independently challenges analyses, reviews and recommendations.
  • Identify and define the AML and Sanctions objectives for assigned line of business, products/services and applicable regulations. Communicate and socialize those objectives (from a leadership position) to the business. Coordinate AML and Sanctions compliance monitoring and oversee preparation of compliance reports. May serve as a resource regarding AML and Sanctions compliance impact on overall business activities, product development and customer activities.
  • Prepares AML and Sanctions compliance reports and/or customer risk profiles. Identifies issues and escalates through proper governance channels as needed. Analyzes assessments of AML and Sanctions risk and internal controls. Researches AML and Sanctions regulatory developments. Assists, as appropriate, in updating or implementing new/enhanced processes in order to ensure timely and effective compliance with new AML and Sanctions regulatory requirements.
  • Supports key business initiatives by identifying AML and Sanctions Compliance risks and providing resolutions to manage these risks. Serves as a resource regarding AML and Sanctions compliance impact on such matters on overall business activities, product development and customer activities.

FAQs

Is this position remote?

Yes, this position is remote and can be performed from a quiet, confidential space in a home location approved by PNC.

What are the working hours for this position?

The working hours are Monday to Friday from 10am to 7pm EST.

What qualifications are required for this role?

A university/college degree with 2+ years of relevant professional experience is typically required. In lieu of a degree, a comparable combination of education, job-specific certifications, and experience may be considered.

Are there any specific certifications preferred for this role?

Yes, professional certifications in sanctions compliance or related fields, such as Certified Sanctions Specialist, are preferred.

Does PNC provide benefits to its employees?

Yes, PNC offers a comprehensive range of benefits including medical coverage, dental and vision options, life insurance, disability protection, 401(k) with PNC match, pension, educational assistance, and a wellness program.

What is the approach of PNC regarding diversity and inclusion in the workplace?

PNC fosters an inclusive workplace culture where all employees feel respected, valued, and have an opportunity to contribute to the company’s success.

Are accommodations available during the application process?

Yes, if an accommodation is required to participate in the application process, applicants can contact PNC via email or by phone for assistance.

What skills are preferred for candidates applying for this position?

Preferred skills include compliance reporting, customer risk assessment, strategic decision-making, and familiarity with regulatory requirements.

What responsibilities will the Anti-Money Laundering Sanctions Specialist have?

The specialist will implement AML and Sanctions programs, update policies and procedures, prepare compliance reports, identify risks, and support business initiatives related to AML and sanctions compliance.

Is there room for professional development in this position?

Yes, there is a willingness to engage in continuous learning and professional development in the sanctions field as part of the role.

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PNC

Finance
Industry
10,001+
Employees

Mission & Purpose

For more than 160 years, we’ve been committed to making a difference for our customers, communities and employees. Our Main Street banking model means we are uniquely rooted in the places where we operate, living in and supporting the communities in which we do business – understanding our customers are our neighbors. Through our growth into one of the nation’s leading banks, we are helping customers from coast-to-coast protect and grow their wealth. By combining what customers love about community banks with the security, technology, and capabilities of a top bank, we are helping everyone move forward financially. See how we can make a difference for you.