Sanctions Officer

Sanctions Officer

We're looking to expand our Sanctions team in the Americas at Wise, so we're looking to welcome new Sanctions Officer to join our crime fighting squad in the Austin office!

Wise has already pioneered new ways for people to transfer money across borders and currencies. Our customers can also manage their hard-earned money with the world's first platform to offer true multi-currency banking.

You'll receive a competitive package including a salary range starting at $72,500 annually + Restricted Stock Units (RSUs) in a profitable company + best in class benefits! (more info below )

Read more about our open roles and Wise here: https://www.wise.jobs

Your mission:

The Sanctions Investigations and Reporting team serves as the sanctions subject matter experts responsible for reviewing and investigating all potential violations of OFAC, E.U., UK and other sanctions programs processed through Wise. This includes: reviewing and final approval regarding escalated alerts on transactions and matches to the OFAC, E.U., UK and any other applicable lists and programs; reviewing and approving licensed transactions; reporting blocked property and rejected transactions to the respective regulatory agencies; drafting and filing Voluntary Self-Disclosures to OFAC; investigation into potential circumvention attempts; advising teams on sanctions related issues and sanctions incidents; and coordinating with the Team Lead on ad-hoc sanctions projects, as appropriate.

Duties and responsibilities:

• Investigate and provide final decisioning on escalated sanctions cases for Level 3 review
• Use investigative tools and web research to analyze vessel movements, beneficial ownership, and potential sanctions links to discount or identify potential sanctions concerns.
• Prepare and review draft sanction fillings including block and reject reports to the HM Treasury (OFSI), OFAC, EU and other jurisdictional regulatory agencies
• Provide advice and subject matter expertise on sanctions related issues, acting as a point of escalation for teams within Wise
• Help to facilitate governance over sanctions lists/screening framework
• Identify sanctions compliance issues/concerns and make suggestions and/or take corrective action to implement solutions to improve controls/operations.
• Assist in the review of sanctions related regulatory examination and internal audit deliverables.
• Assist in the provision of sanctions related training for employees as needed.
• Assist with drafting sanctions procedures

Skills/requirements:

• Minimum 2 years of Sanctions experience
• Strong knowledge of OFAC, UK and EU sanctions regulations.
• Conduct legal and investigative research utilizing open-source research systems.
• An understanding of SWIFT payments, trade finance and cross border payments.
• Strong attention to detail.
• Ability to multitask and manage multiple deliverables and a range of sanctions risk management responsibilities.
• Strong interpersonal, written and verbal communication skills.
• Excellent research and analytical skills.
• Proven track record of taking ownership and responsibilities as well as being a great team-player
• High ethical standards, respect for confidentiality and privacy.
• You are able to persevere in a fast paced environment

Key Benefits:

• RSU's in a rapidly growing company
• An annual self-development budget
• Medical, dental, & vision insurance – including HSA and FSA options
  
• Company-paid: Life Insurance, Short & Long-Term Disability, and an EAP program
• Hybrid working model – a mix of working from home and from the office
• ✈️ Wisers can work remotely for 90 days a year. By 'remote' we don't just mean from home, but from wherever in the world you choose to
• Relocation expenses covered
• ️ 25 days PTO, 15 sick days, 11 holidays, 5 compassionate leave days, 3 paid "Me" days and a paid volunteer day, annually
• ️ A paid 6-week sabbatical leave after four years
• 18-weeks of paid parental leave, after a year with us
• 401k with up to a 4% employer match
• 2023 Austin BuiltIn Best Award winner for Best Places to Work and Best Large Places to Work
• Find out more about our benefits in our Austin location.

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