AML/OFAC Consultant
: Job Details :

The AML/OFAC Consultant will support a foreign banking institution in Midtown NYC by conducting thorough investigations into potential AML and OFAC violations, ensuring compliance with U.S. and international regulations. This 6-month contract role involves analyzing transactions, preparing detailed reports, and collaborating with compliance teams to mitigate financial crime risks effectively.

Client Details

Our client is a prestigious foreign banking institution with a global presence, offering a wide range of financial services to corporate, institutional, and individual clients. Located in Midtown Manhattan, the institution is known for its commitment to compliance with international regulations, fostering a professional environment that emphasizes integrity, innovation, and collaboration in the dynamic world of global finance.

Description

Key Responsibilities:

• Investigate suspicious transactions and prepare detailed reports, including Suspicious Activity Reports (SARs) and OFAC findings.
• Conduct enhanced due diligence (EDD) on high-risk customers and ensure compliance with AML/OFAC regulations.
• Collaborate with compliance and legal teams to address risks and respond to regulatory inquiries.
• Monitor flagged transactions and assist in improving transaction monitoring systems and compliance controls.

Profile

Job Requirements:

• Bachelor's degree in Finance, Business Administration, Law, or a related field.
• Must be able to work 5 days per week on-site in Midtown New York City.
• At least 2 years of experience in AML/OFAC investigations, preferably in a financial institution.
• Strong knowledge of U.S. AML laws, OFAC sanctions, and international financial crime regulations.
• Proficiency with AML transaction monitoring systems and investigative tools.
• Excellent analytical, problem-solving, and report-writing skills.
• CAMS certification or equivalent preferred.

Job Offer

The successful candidate will receive a competitive hourly pay rate for the duration of a 6-month contract offering valuable experience within a leading foreign banking institution, providing the opportunity to work on complex AML/OFAC investigations and regulatory compliance projects. The role allows the candidate to enhance their expertise in a global compliance environment, offering significant career growth potential. Additionally, the position provides excellent networking opportunities, working alongside seasoned compliance professionals while gaining exposure to international financial regulations. The role is based in a prime Midtown Manhattan location, easily accessible by public transportation.

MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.