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OFAC Investigator in Columbus at Huntington

Date Posted: 6/2/2018

Job Snapshot

Job Description

Monitor, identify, research, and analyze parties to transactions and within Huntington Bank's customer base for matches to the Office of Foreign Assets Control (OFAC) sanction lists, as well as law enforcement, and other high risk lists to ensure compliance with the Bank Secrecy Act. Maintain a working knowledge of the Bank Secrecy Act, Anti-Money Laundering efforts, USA PATRIOT Act, OFAC, and awareness of industry best practices. Provides OFAC guidance to colleagues across AML/BSA and other Departments. Assists OFAC Director in the management of multiple department projects. Provides the right candidate with an opportunity to develop OFAC subject matter expertise as well as project management experience.

Responsibilities include:

  • Performs daily operations and monitoring of BSA/AML/OFAC.
  • Performs 314(a) process.
  • Process quarterly PEP reviews.
  • Performs research and analysis of the more complex high risk customer candidates through public records, media or other research tools; performs enhanced due diligence on high risk individuals and businesses.
  • Escalate and recommend appropriate investigation follow-up, including potential account closure, for customers that exceed the Banks risk tolerance.
  • Actively involved in wire operations as a representative of the OFAC team.
  • Assist in the development and enhancement of procedures as well as administration of OFAC Compliance activities.
  • Actively participates with automation project requirements, testing, and continuous improvement activities.
  • Develops close working relationship with department managers through work on special projects; may serve as lead investigator in training or projects.
  • Flexible to perform other functions as requested by management.
  • Effectively communicates with internal colleagues across lines of business and external customers via phone, email, and written correspondence to obtain additional information and documentation as needed.
  • Takes the initiative to cross-train regularly to maintain proficiency in a variety of departmental functions, bank systems, and administrative tasks; helps train new employees.

Basic Qualifications:

  • High School diploma or GED plus substantial college level course work
  • Working knowledge of current anti-money laundering regulations, policies and reporting requirements per the Bank Secrecy Act and USA PATRIOT Act.
  • 1+ years of investigative/research experience required, with a preferred focus in fraud and/or criminal investigations.

Preferred Qualifications:

  • Bachelor's degree is preferred
  • 1+ years BSA experience, OFAC experience a strong plus
  • 1-2 years relevant experience in wire transfer operations in financial services or banking.
  • 1-2 years proficient direct customer service experience.
  • Detailed understanding of complex OFAC regulations to assess transactions and business deals. Knowledge of OFAC risks associated with products, business lines and countries in order to accurately support the OFAC Risk Assessment process.
  • Professional certification (e.g. CAMS, CFE) preferred
  • Knowledge of BSA and AML required, working experience in AML investigation is preferred.
  • Legal Assistant certification or proficiency in areas of law
  • Courses in Intelligence Studies, Criminal Justice, accounting, or sciences preferred

Other Traits:

  • Excellent verbal communication and writing skills, with experience writing in a concise and understandable format.
  • Strong attention to detail
  • Self-motivated, adaptable, deadline-driven and capable of working in an ever-changing environment with accuracy.
  • Excellent written and verbal communication skills.
  • Excellent analytical, critical thinking, communication, interpersonal, problem-solving, and organizational skills in a high pressure environment.
  • Experience working in a high risk area with the ability to identify and mitigate potential risk.
  • Ability to shift priorities as needed to meet demand.
  • Demonstrated PC skills (Microsoft Office, Word, Excel, and web-based applications).
  • Experience with high performance culture.
  • Must show the ability to learn multiple processes quickly and utilize multiple bank systems concurrently.
EEO/AA Employer/Minority/Female/Disability/Veteran/Sexual Orientation/Gender Identity Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details. Huntington does not accept solicitation from Third Party Recruiters for any position.