OFAC Operations - Cash Management

• Perform Level 1 reviews of OFAC cases generated from six source systems
• Ability to evaluate and annotate potential hits as true/false positives
• Perform basic research and investigation to support the Level 1 OFAC review process
• Liaise with Compliance on escalation items & suggest OFAC process improvements
• Assist with KPI reporting related to the OFAC process
• Analytical skills required to review and annotate cases per Compliance mandates
• Ability to work and communicate in a dynamic and high-paced work environment
• Ability to meet strict deadlines throughout the day 
• Communicate with internal departments to resolve OFAC related issues/problems
• Participate in ad hoc projects on an as needed basis
• Ensure timely completion of all mandatory training requirements
• Stay abreast of regulatory changes related to OFAC sanctions related developments
   

The OFAC Level 1 team is part of the Cash Management operations department at SG.  The objective of Cash Management is to deliver efficient and high-quality services to both internal and external clients in the Payment, OFAC, Client Service and Liquidity Management functions.  As a transversal group supporting businesses across the SG organization, we provide the required services to manage the treasury and liquidity activities of the bank.  

The OFAC Operations team is responsible for providing the Level 1 review and annotation of all transactions scanned by the FircoSoft OFAC filter.  OFAC Level 2 and Level 3 investigation cases are managed by the Compliance department.  The team works very closely with Compliance to ensure the latest controls and knowledge are shared across the teams.  The team also works closely with the Funds Transfer and Client Service teams. 

TECHNICAL SKILLS

• Experience working with Fircosoft OFAC application
• Heavy OFAC Case Experience
• Strong computer skills; Sanctions Filter tool, MS Excel, Word, Outlook

COMPETENCIES

Required/Must have:

• Experience performing Level 1 OFAC reviews of various payment message types
• Ability to accurately analyze and properly annotate high volumes of OFAC cases 
• Adherence to strict Compliance policies and procedures
• Experience working with Compliance Department on OFAC Sanctions  

• Ability to work independently as well as being a strong team player

   

PRIOR WORK EXPERIENCE

Required/Must have:

• 2-5 years experience reviewing OFAC Sanction cases
• 2-5 years experience with cash payments a plus
• ACAMS a plus

EDUCATION

Required/Must have:  

• College degree 
   

Societe Generale is committed to offering an inclusive recruitment experience to all candidates. If you require any reasonable accommodations during the recruitment process, please do not hesitate to let our Recruiters know.

OUR CULTURE: 
At Societe Generale, we live by our 4 core values of commitment, responsibility, team spirit and innovation. We are engaged and demonstrate consideration for others. We act ethically and with courage. We focus our talent and energy on collective success. We experiment and propose new ideas. This way, we maximize our ability to serve client needs and anticipate market changes. Societe Generale is committed to strengthening bonds with colleagues, communities, and the world in which we live, because relationships are at the heart of how we operate. For more information about our Culture and Conduct initiatives, please visit this link (https://americas.societegenerale.com/en/careers/get-know-culture/)

DIVERSITY, INCLUSION & BELONGING (“DIB”):

Our DIB Mission: Recruit, develop, retain and advance a talented workforce that is united in our efforts to leverage our talent and further develop an inclusive environment that will enhance our competitive position and deliver innovative solutions to our clients. It seeks to foster an environment where employee differences are valued and where all employees feel engaged, supported, respected, and informed. For more information about our DIB initiatives, please visit this link: https://americas.societegenerale.com/en/careers/get-know-diversity/

COMPENSATION:
Base salary range does not include overtime pay, bonus and/or other benefits, where applicable. Actual base salary offer will vary based on skills and experience. The role is eligible for an annual discretionary bonus and includes a competitive benefits package including 401(k) plan with company match, medical/dental/vision, and other benefits for fertility, wellness, student loans and commuters.