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Compliance Analyst - Reg E / OFAC

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POST DATE 9/17/2016
END DATE 10/21/2016

Signature Bank New York, NY

New York, NY
AJE Ref #
Job Classification
Full Time
Job Type
Company Ref #
Entry Level (0 - 2 years)
High School Diploma or GED


Join a winning team! Signature Bank has been ranked among the Top 10 on Forbes\' list of Best Banks in America for six consecutive years!

Signature Bank, member FDIC, is a New York-based full-service commercial bank with private client offices throughout the New York metropolitan area. The Bank s growing network of private client banking teams serves the needs of privately owned businesses, their owners and senior managers. Signature Bank offers a wide variety of business and personal banking products and services.

Compliance Analyst Reg E / OFAC, Midtown Manhattan

In this position, you will assist Private Client Groups and the Foreign Exchange desk to ensure consumer international wires are in compliance with various regulations. If you have a keen eye for details, accuracy and a hunger to learn Compliance, this immediate opportunity might be a fit!

Primary responsibilities include:

* Assist Private Client Groups and Foreign Exchange Desk with processing consumer international wires; ensure transactions are in compliance with the Electronic Fund Transfer Act - Regulation E of the Federal Reserve (Reg E)

* Provide updates on consumer wire issues and answer compliance questions from Private Client Groups and Foreign Exchange Desk

* Maintaining data and accurately log information for Reg E consumer wires; ensure proper backup documentation has been saved

* Perform reviews of accounts to ensure compliance with OFAC's Sanction Program Listings and Financial Crimes Enforcement Network FinCEN 314(a)

* Investigate, research, and respond to OFAC inquiries resulting from potential matches, automated alerts, possible hits, and adverse media

* Perform Bank Secrecy Act (BSA) filing requirements assigned to the Compliance Department

* Conduct annual testing of various systems to ensure compliance with regulations


* Minimum 1 year experience related to the duties and responsibilities (consumer wires, Foreign Exchange, Reg E, OFAC, etc)

* Experience in a Compliance department or commercial banking strongly preferred

* Good knowledge of compliance regulations in particular Electronic Fund Transfer Act - Regulation E and OFAC Sanctions strongly preferred

* Knowledge of money laundering patterns and banking regulations preferred (BSA, Patriot Act, KYC, AML)

* Experience with various compliance systems a plus (i.e. Actimize, FinScan, Wire Transfers, Lexis)

* Meticulous attention to detail and highly organized

* Strong communication and interpersonal skills required (verbal, and written)

* Able to work well independently and in teams

* Proficient with Microsoft Outlook, Word, and Excel

* High School or GED required; College Degree a plus

Signature Bank offers a competitive compensation (with BONUS ELIGIBILITY) and an excellent benefits package for qualified employees, including medical, dental, vision, tuition reimbursement, 401(k) plan with company match, gym reimbursement and a wellness program.

Service is our cornerstone!

We are an Equal Opportunity Employer

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