OFAC Sanctions Investigations Associate

Permanent contract|New York|Compliance

OFAC Sanctions Investigations Associate

New York, United States Permanent contract Compliance


Support the Deputy OFAC Officer/Head of Investigations in all matters related to sanctions investigations (e.g., escalations, reporting, investigations, licensing, and disclosures). The person shall be responsible for taking the lead on certain run the bank (“RTB”) and change the bank (“CTB”) functions related to sanctions investigations, including approving licensed transactions, reviewing draft OFAC filings and responses to OFAC requests for information (RFIs)/administrative subpoenas. The position reports to the Deputy OFAC Officer/Head of Investigations.

Responsibilities include, but are not limited to:

  • Identify OFAC compliance issues/concerns and make suggestions and/or take corrective action to implement solutions to improve controls/operations.
  • Review written products analyzing sanctions investigations, including draft OFAC filings.
  • Investigate and review complicated investment deals and transactions for the various lines of business.
  • Lead CTB projects related to the remediation of procedural and/or control gaps.
  • Review monthly metrics report for head office and senior management.  
  • Review annual blocked property report as well as foreign regulatory filings.
  • Help to facilitate governance over sanctions lists/screening framework
  • Assist in the review of OFAC regulatory examination and internal audit deliverables.
  • Provide timely advice and guidance to all appropriate business units for OFAC concerns.
  • Provide subject matter expertise to the Group Sanctions Compliance office for OFAC and U.S. specific sanctions.
  • Provide advice and support to the Deputy OFAC Officer on policies and procedures to ensure compliance with OFAC filtering and reporting requirements for all business units. 
  • Keep abreast of SG Group sanctions policies, OFAC sanctions, and respective reporting requirements.
  • Be a central point of contact for OFAC related escalations, both from junior employees and SGUS business lines/support functions.
  • Seek guidance directly from OFAC as necessary.
  • Assist in the provision of sanctions related training for employees as needed.
  • Ensure appropriate escalation of serious sanctions related matters to the OFAC Officer and AMLO.
  • Review for adherence to AML/OFAC Compliance policies and procedures and assist in maintaining these policies and procedures and establishing controls to test for adherence. 

Profile required

  • Strong knowledge of OFAC and EU sanctions regulations and USA PATRIOT Act.

  • Strong attention to detail.

  • Ability to multitask and manage multiple deliverables and a range of OFAC risk management responsibilities.

  • Strong interpersonal, written and verbal communication skills.

  • Excellent research and analytical skills.

  • Conduct legal and investigative research utilizing open-source research systems.

  • Proficiency with word processing, computer applications, databases and spreadsheets including but not limited to: MS Word, Excel, Outlook, World Check and other internet based programs.

  • High ethical standards, respect for confidentiality and privacy. 

Business insight

Societe Generale's US Financial Crome Compliance ("FCC") Department is responsible for ensuring complaince with anti-money laundering ("AML"), Bank Secrecy Act, USA PATRIOT Act, OFAC and sanctions regulations for the operations of SG in the U.S.  The Department performs, among other responsibilities, AML transaction monitoring and SAR filing, OFAC screening and reporting, as well as advisory and control functions across SGUS bank and broker dealer businesses.  The Department is also responsible for the management of the tools used for sanctions screening and AML transaction monitoring.

The Sanctions Compliance Investigations Team is responsible for reviewing and investigating all potential violations of OFAC, E.U. and other sanctions program processed through or otherwise involving SGUS. This includes reviewing alerts on transactions and static data for matches to the OFAC, E.U. and any other applicable lists, reviewing and approving OFAC-licensed transactions, investigating potential matches, reporting blocked property or rejected transactions to OFAC, investigating and drafting Voluntary Self-Disclosures to OFAC, training business lines and SGUS Employees on OFAC/Sanctions issues, liaising with relevant business lines on alerts and sanctions incidents, and coordinating with the Head Office/Group Sanctions Compliance on global investigations, as appropriate. 

We are an equal opportunities employer and we are proud to make diversity a strength for our company. Societe Generale is committed to recognizing and promoting all talents, regardless of their beliefs, age, disability, parental status, ethnic origin, nationality, gender identity, sexual orientation, membership of a political, religious, trade union or minority organisation, or any other characteristic that could be subject to discrimination.

Reference: 22000N4G
Starting date: 2022/09/12
Publication date: 2022/08/01