Shermen Bank International
Sanctions Subject Matter Expert (SME)
Shermen Bank International, Washington, District of Columbia, us, 20022
Job Description: Sanctions Subject Matter Expert (SME)
Company: ShermenBank International (In Formation)
Location: Washington, D.C.
Reports to: Financial Investigations Unit (FIU) Manager-Lead
Client Focus: Embassy, Consulate, and Foreign Mission Diplomatic Community
About Us We are a specialized Edge Act Corporation, chartered by the Federal Reserve, dedicated to providing premier international banking and financial services. Based in Washington D.C., our primary focus is serving as the trusted financial partner to the diplomatic community, including embassies, consulates, foreign missions, and their affiliated organizations in the United States. We operate in a high‑compliance, high‑touch environment and are committed to the highest standards of regulatory excellence and client service.
Position Summary The Sanctions SME will be the Office of Foreign Assets Control (OFAC) Sanctions subject matter expert in the AML & Sanctions Department. This role includes the review of sanctions alerts and cases, general and specific OFAC license reviews, OFAC training and other sanctions matters. This role reports to the FIU Manager in the AML & Sanctions Department.
Core Responsibilities
OFAC Sanctions subject matter expert (SME) in the AML and Sanctions Department
Review OFAC Sanctions alerts from name and payments screening, cases, general and specific OFAC license reviews
Review OFAC Sanctions risk with regards to customers and transactions
Support the AML team in KYC reviews, name and payment screening, AML transaction monitoring and fraud detection
Assist in the updating of AML and Sanctions policies and procedures and other documentation
Assist in OFAC blocked property reporting
Support the BSA/AML Officer in coordinating with OFAC regarding sanctions matters
Coordinate with regulators, auditors, and vendors regarding matters related to OFAC Sanctions and Anti‑Financial Crime matters
Produce metrics reporting for senior management
Create OFAC Sanctions escalation reports for senior management
Assist in sanctions training across various groups/departments
Assist in the coordination of the BSA/AML & Sanctions Risk Assessment, Red Flags Coverage Assessment, and the Enterprise‑Wide Risk Assessment process
Support the AML Model Analytics/Technology team in the tuning and testing of the AML & Sanctions Department’s models and systems
Required Skills & Qualifications We are looking for a versatile candidate who is hands‑on and wants to work in a fast‑paced, innovative, dynamic, and collaborative environment. Candidates for this role will have the following knowledge and experience:
5+ years in an AML and Sanctions role with subject matter experience in sanctions alerts and case investigations, general and specific OFAC license reviews, and providing sanctions guidance to stakeholders
Preference for experience working at OFAC-U.S. Department of the Treasury
Excellent knowledge of OFAC sanctions and U.S. AML regulatory rules and requirements
Experience in presenting to and meeting with auditors and regulators
Knowledge and experience of the Embassy, Consulate and Mission (“ECM”) business and transaction typologies (preferred)
Updating sanctions policies and procedures
Sanctions model/platform end‑to‑end testing and supporting documentation
Creating and updating documentation that meets regulatory standards and expectations
Working on coverage assessments, BSA/AML & Sanctions risk assessments, and Enterprise‑Wide Risk Assessments
Producing metrics reporting for senior management
Excellent knowledge of Excel, PowerPoint, Visio, etc.
Seniority Level Mid‑Senior level
Employment Type Full‑time
Industry Banking
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Location: Washington, D.C.
Reports to: Financial Investigations Unit (FIU) Manager-Lead
Client Focus: Embassy, Consulate, and Foreign Mission Diplomatic Community
About Us We are a specialized Edge Act Corporation, chartered by the Federal Reserve, dedicated to providing premier international banking and financial services. Based in Washington D.C., our primary focus is serving as the trusted financial partner to the diplomatic community, including embassies, consulates, foreign missions, and their affiliated organizations in the United States. We operate in a high‑compliance, high‑touch environment and are committed to the highest standards of regulatory excellence and client service.
Position Summary The Sanctions SME will be the Office of Foreign Assets Control (OFAC) Sanctions subject matter expert in the AML & Sanctions Department. This role includes the review of sanctions alerts and cases, general and specific OFAC license reviews, OFAC training and other sanctions matters. This role reports to the FIU Manager in the AML & Sanctions Department.
Core Responsibilities
OFAC Sanctions subject matter expert (SME) in the AML and Sanctions Department
Review OFAC Sanctions alerts from name and payments screening, cases, general and specific OFAC license reviews
Review OFAC Sanctions risk with regards to customers and transactions
Support the AML team in KYC reviews, name and payment screening, AML transaction monitoring and fraud detection
Assist in the updating of AML and Sanctions policies and procedures and other documentation
Assist in OFAC blocked property reporting
Support the BSA/AML Officer in coordinating with OFAC regarding sanctions matters
Coordinate with regulators, auditors, and vendors regarding matters related to OFAC Sanctions and Anti‑Financial Crime matters
Produce metrics reporting for senior management
Create OFAC Sanctions escalation reports for senior management
Assist in sanctions training across various groups/departments
Assist in the coordination of the BSA/AML & Sanctions Risk Assessment, Red Flags Coverage Assessment, and the Enterprise‑Wide Risk Assessment process
Support the AML Model Analytics/Technology team in the tuning and testing of the AML & Sanctions Department’s models and systems
Required Skills & Qualifications We are looking for a versatile candidate who is hands‑on and wants to work in a fast‑paced, innovative, dynamic, and collaborative environment. Candidates for this role will have the following knowledge and experience:
5+ years in an AML and Sanctions role with subject matter experience in sanctions alerts and case investigations, general and specific OFAC license reviews, and providing sanctions guidance to stakeholders
Preference for experience working at OFAC-U.S. Department of the Treasury
Excellent knowledge of OFAC sanctions and U.S. AML regulatory rules and requirements
Experience in presenting to and meeting with auditors and regulators
Knowledge and experience of the Embassy, Consulate and Mission (“ECM”) business and transaction typologies (preferred)
Updating sanctions policies and procedures
Sanctions model/platform end‑to‑end testing and supporting documentation
Creating and updating documentation that meets regulatory standards and expectations
Working on coverage assessments, BSA/AML & Sanctions risk assessments, and Enterprise‑Wide Risk Assessments
Producing metrics reporting for senior management
Excellent knowledge of Excel, PowerPoint, Visio, etc.
Seniority Level Mid‑Senior level
Employment Type Full‑time
Industry Banking
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