Oppenheimer & Co.
Who We Are:
Oppenheimer & Co. Inc. ("Oppenheimer") is a leading middle-market investment bank and full service broker-dealer. With roots tracing back to 1881, the Company is engaged in a broad range of activities in the financial services industry, including retail securities brokerage, institutional sales and trading, investment banking (both corporate and public finance), equity & fixed income research, market making, trust services and investment advisory and asset management services.
Job Description:
The firm is seeking a Sanctions Screening Supervisor to join their Anti-Money Laundering (AML) Team in the Compliance Department. The role will be based out of our corporate headquarters in New York City.
The Sanctions Screening Supervisor will lead and oversee the daily operations of sanctions screening team, ensuring compliance with global sanctions regulations, including those enforced by the Office of Foreign Assets Control (OFAC). This role is responsible for supervising alert reviews, quality assurance, performance monitoring, and escalations protocols. The ideal candidate brings a strong knowledge in sanctions, small team leadership, and operational efficiency in a regulatory environment.
Responsibilities: Supervise screening analysts, assigning work evenly amongst the team and managing any issues that arise Review the work of the screening analysts to ensure compliance with internal policies and procedures Evaluate the screening policies and procedures effectiveness and implementation Review positive matches from the screening team and determine if AML Management needs to review and action Provide training and ongoing development for sanctions analyst to ensure high performance and compliance knowledge Review alerts to determine false positives/positive matches for negative news, PEP (politically-exposed persons), sanctions, and internal watch-lists. Evaluate whether the alert is a false positive or a positive match Research clients and negative news subjects to obtain additional information to supplement alert dispositions Escalate positives matches to AML Management for review and action Evaluate CIP Reports and escalate issues with automated client verification to KYC Officers for manual verification Work with third-party vendors on any and all issues pertaining to screening tools, including technical issues, database upkeep, and changes in policy Coordinate escalations and investigations between the Screening Team and other KYC teams, the Transaction Monitoring unit, and the Branches/business Assist AML with other due diligence obligations and projects as needed. Generate reports and analyze data for metrics Perform testing of the screening tools and document any deficiencies Generate metrics reports and ability to analyze data for trends and decision-making purposes Requirements:
Bachelor's Degree Understanding/familiarity with AML core functions and obligations Ability to learn quickly and manage a variety of tasks and deadlines Ability to think critically, analyze situations, and provide an assessment to keep management informed Qualifications:
Two years experience in sanctions screening or AML Compliance related role in a financial institution (either bank or broker-dealer) a plus Knowledge of financial industry fundamentals a plus Strong understanding of Microsoft Excel preferred Experience with Moody's Analytics (RDC), LexisNexis, and Actimize a plus Strong organizational skills Outside the box thinker, utilizing multiple documents/sources to clear alerts Works well with a team but is a self-starter, can manage individual workload, and highly detail-oriented down to individual letters in text Adaptable to change as rules and regulations are always changing as well as internal policy and procedure Knowledgeable of the laws applicable to money laundering, including: Bank Secrecy Act, the USA PATRIOT Act, US Treasury AML guidelines, OFAC requirements Certified Anti-Money Laundering Specialist (CAMS) a plus
Compensation:
For job postings in New York State, Oppenheimer is required by law to include a reasonable estimate of the salary range for this role. This salary range is specific to the State of New York and takes into account the wide range of factors that are considered in making salary decisions including but not limited to your skills, qualifications, experience, licensure and certifications, and other business and organizational needs. A reasonable estimate of the current base salary range is $75,000.00 - $85,000.00 at the time of this posting. Also, certain positions are eligible for additional forms of compensation such as discretionary bonus.
Oppenheimer & Co. Inc. ("Oppenheimer") is a leading middle-market investment bank and full service broker-dealer. With roots tracing back to 1881, the Company is engaged in a broad range of activities in the financial services industry, including retail securities brokerage, institutional sales and trading, investment banking (both corporate and public finance), equity & fixed income research, market making, trust services and investment advisory and asset management services.
Job Description:
The firm is seeking a Sanctions Screening Supervisor to join their Anti-Money Laundering (AML) Team in the Compliance Department. The role will be based out of our corporate headquarters in New York City.
The Sanctions Screening Supervisor will lead and oversee the daily operations of sanctions screening team, ensuring compliance with global sanctions regulations, including those enforced by the Office of Foreign Assets Control (OFAC). This role is responsible for supervising alert reviews, quality assurance, performance monitoring, and escalations protocols. The ideal candidate brings a strong knowledge in sanctions, small team leadership, and operational efficiency in a regulatory environment.
Responsibilities: Supervise screening analysts, assigning work evenly amongst the team and managing any issues that arise Review the work of the screening analysts to ensure compliance with internal policies and procedures Evaluate the screening policies and procedures effectiveness and implementation Review positive matches from the screening team and determine if AML Management needs to review and action Provide training and ongoing development for sanctions analyst to ensure high performance and compliance knowledge Review alerts to determine false positives/positive matches for negative news, PEP (politically-exposed persons), sanctions, and internal watch-lists. Evaluate whether the alert is a false positive or a positive match Research clients and negative news subjects to obtain additional information to supplement alert dispositions Escalate positives matches to AML Management for review and action Evaluate CIP Reports and escalate issues with automated client verification to KYC Officers for manual verification Work with third-party vendors on any and all issues pertaining to screening tools, including technical issues, database upkeep, and changes in policy Coordinate escalations and investigations between the Screening Team and other KYC teams, the Transaction Monitoring unit, and the Branches/business Assist AML with other due diligence obligations and projects as needed. Generate reports and analyze data for metrics Perform testing of the screening tools and document any deficiencies Generate metrics reports and ability to analyze data for trends and decision-making purposes Requirements:
Bachelor's Degree Understanding/familiarity with AML core functions and obligations Ability to learn quickly and manage a variety of tasks and deadlines Ability to think critically, analyze situations, and provide an assessment to keep management informed Qualifications:
Two years experience in sanctions screening or AML Compliance related role in a financial institution (either bank or broker-dealer) a plus Knowledge of financial industry fundamentals a plus Strong understanding of Microsoft Excel preferred Experience with Moody's Analytics (RDC), LexisNexis, and Actimize a plus Strong organizational skills Outside the box thinker, utilizing multiple documents/sources to clear alerts Works well with a team but is a self-starter, can manage individual workload, and highly detail-oriented down to individual letters in text Adaptable to change as rules and regulations are always changing as well as internal policy and procedure Knowledgeable of the laws applicable to money laundering, including: Bank Secrecy Act, the USA PATRIOT Act, US Treasury AML guidelines, OFAC requirements Certified Anti-Money Laundering Specialist (CAMS) a plus
Compensation:
For job postings in New York State, Oppenheimer is required by law to include a reasonable estimate of the salary range for this role. This salary range is specific to the State of New York and takes into account the wide range of factors that are considered in making salary decisions including but not limited to your skills, qualifications, experience, licensure and certifications, and other business and organizational needs. A reasonable estimate of the current base salary range is $75,000.00 - $85,000.00 at the time of this posting. Also, certain positions are eligible for additional forms of compensation such as discretionary bonus.