Sanctions Analyst
Barclays - New York, NY

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Main Function

The job holder will be responsible for ensuring:
Compliance with Barclays Sanctions policy and Global Payments NY procedures in the review, verification and escalation of sanctions matches

That Detailed Payment and Customer investigations are performed in line with policies/procedures and false positives are eliminated within agreed Service Levels

That complete and accurate documentation of investigations, escalation and resolution of sanctions matches (false, potential and positive) is produced and maintained in accordance with established policies and procedures

Thorough understanding of Barclays Group wide sanctions, screening, and solutions to identify and process all activity appropriately, and on a timely basis

That process issues (e.g., system breakdowns, list updates) that affect sanctions screening are escalated for resolution

Main Duties

Workflow Management - 65-70%

Conduct preliminary investigations of potential matches on payment transactions

Conduct preliminary investigations of potential matches on Customer and Related Parties

Manage the investigation processes and obtain additional relevant information from other Barclays entities and/or third-parties, as appropriate, to verify potential matches

False matches must be released

Potential and positive true matches must be escalated

All details related to the investigation must be captured and recorded in accordance with established Global Payments NY procedures

Ensure all decisions are fully documented in a concise and detailed manner

Ensure procedures are promptly adhered to involving funds that need to be rejected/ blocked or accounts need to be frozen/closed

Assist in the preparation of reports of rejected/blocked funds transfers

Ensure that relevant and reliable management information on these issues is communicated on a timely basis in order to enable effective action to be taken where necessary

Report relevant matters to Team Leader or Manager

Respond promptly to information requests from NY Financial Crime Compliance, MLROs, Barclays Group AML or other applicable and relevant stakeholders

Produce and file all relevant reports and audit requirements

Assist in projects and other duties assigned by Team Leader or Manager

Self Development - 10-15%

Candidate has responsibility for own Performance Development collating relevant documentation for PD review process

Staying abreast of developments in sanctions regulations, particularly OFAC's

Complete timely training and development plan as agreed with line manager/team leader

Complete required firm training

Team Support - 15-25%

Responsible for Customer Service support to all users of the Bank's payments and messaging systems, ensuring good customer service is maintained and escalated appropriately

Promote and continually support the Business demonstrating a commitment to continual improvement and idea generation

Proactively contribute to team's performance

Actively participate and contribute in team meetings

Provide support and share best practices and knowledge across team

Provide input to continuous improvement and implement change

Escalate issues to management


Basic Qualifications

Bachelors Degree or equivalent

2+ years knowledge of Funds Transfer and monetary instruments including SWIFT, CHIPS and FEDWIRE payment message types

2+ years experience in Sanctions Payment Screening in an operational area

2+ years experience with Microsoft Office

Preferred Qualifications

Advanced PC skills

Proficient in using internet search tools

Advanced /swift PC skills


Concise and accurate case management recording

Ability to work in a high-volume processing environment

Ability to adapt to changing business circumstances

Readily adapts behaviour to maintain effective performance, assessing existing/changed procedures and offering practical solutions to issues.

Knowledge/understanding of Barclays sanctions policies and requirements of OFAC regulations

Proficient knowledge of BSA/ US Patriot Act

Proven track record of meeting processing deadlines

Comprehensive knowledge of the procedures relating to own area.

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