Sanctions Operations OFAC Blocking and Reporting Associate

Job title: Sanctions Operations OFAC Blocking and Reporting Associate

Company: BNY


Job description: At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world’s financial system we touch nearly 20% of the world’s investible assets. Every day around the globe, our 50,000+ employees bring the power of their perspective to the table to create solutions with our clients that benefit businesses, communities and people everywhere.We continue to be a leader in the industry, awarded as a top home for innovators and for creating an inclusive workplace. Through our unique ideas and talents, together we help make money work for the world. This is what #LifeAtBNY is all about.We’re seeking a future team member for the role of Sanctions Operations Associate to join our Sanctions Operations Blocking and Reporting team. This role is located in Pittsburgh, PA, or Lake Mary, FL, and will work a Hybrid schedule (3 days per week in-office required).In this role, you’ll make an impact in the following ways:

• Performing blocking and unblocking functions for OFAC sanctioned funds
• Supporting all aspects of reviewing, documenting and managing Sanction blocked accounts.
• Reviewing blocked and rejected transactions for reporting to OFAC
• Preparing and submitting reports through internal BNY systems and OFAC Reporting System for blocked, unblocked, transferred and rejected sanctioned assets
• Daily monitoring and reconciliation of Sanctions blocked assets
• Preparing documentation for legal subpoenas on blocked assets

To be successful in this role, we’re seeking the following:

• Bachelor’s degree or the equivalent combination of education and experience is required
• 0-3 years of total work experience preferred

• Prior working experience in the finance industry highly preferred
• Experience reading SWIFT messages is preferred
• Experience in International Money Management System (IMMS) and Global Securities Process (GSP) is preferred
• Ability to self-manage workload and goals independently in a fast-paced and deadline-driven organization

At BNY, our culture speaks for itself. Here’s a few of our awards:

• America’s Most Innovative Companies, Fortune, 2024
• World’s Most Admired Companies, Fortune 2024
• Human Rights Campaign Foundation, Corporate Equality Index, 100% score, 2023-2024
• Best Places to Work for Disability Inclusion, Disability: IN – 100% score, 2023-2024
• “Most Just Companies”, Just Capital and CNBC, 2024
• Dow Jones Sustainability Indices, Top performing company for Sustainability, 2024
• Bloomberg’s Gender Equality Index (GEI), 2023

Our Benefits and Rewards:BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life’s journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter.BNY is an Equal Employment Opportunity/Affirmative Action Employer – Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.

Expected salary:

Location: Pittsburgh, PA

Job date: Sun, 09 Feb 2025 08:26:11 GMT

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