Economic Sanctions and Negative News Analyst

GENERAL SUMMARY

The Economic Sanctions and Negative News Analyst is responsible for assisting the Economic Sanctions Manager or designee in day-to-day monitoring and/or investigation of potential sanctions and/or negative news matches. Ensures potential matches are identified, documented, resolved in a timely manner. Escalates applicable matches to Manager to possibly restrict, close, or report to OFAC when required.

ESSENTIAL FUNCTIONS

• Conducts OFAC/Negative News screening on potential/new loan borrowers, new and existing customers, and counterparties, etc.
• Conducts research and analysis documenting information to identify true/false matches, trends and potential risk, and communicates findings to Manager when necessary.
• Assists branches and other business units in reviewing potential matches for OFAC Sanctions/Negative News, ensuring timely and documented response for each suspect case.
• Perform other duties as assigned.
• Regular overtime is required, this includes occasional weekend days.

QUALIFICATIONS

Education: Bachelor's degree or equivalent experience preferred.

Experience: Minimum one year of experience in investigations or related position, using various research methods (i.e. internet, search tools, media tools, sanctions screening solutions, etc.) Familiarity with internal systems and processes.

Skills/Ability:

• Self-starter, capable of working under minimum supervision.
• Adept at multi-tasking and meeting deadlines in a high-pressure environment.
• Results oriented team player.
• Strong problem-solving ability.
• Exceptional research and analytical skills with the ability to analyze large amounts of data, decipher higher risk attributes (transactional, geographical, product, customer type, etc.) and disposition appropriately.
• Ability to read, analyze and interpret general business periodicals, professional journals, or governmental regulations.
• Strong interpersonal and verbal/written communication skills
• Competent in in-house software.
• Proficient in MS Office (Outlook/Word/Excel/PowerPoint)

OTHER CONSIDERATIONS

Cooperates and works effectively with others; recognizes, supports, and respects others. FDIC and Internal Audit examination results will be considered in evaluating the individual's performance.

OTHER DETAILS

$21.63 - $31.25 / hour
Pay determined based on job-related knowledge, skills, experience, and location.
This position may be eligible for a discretionary bonus.

Cathay Bank offers its full-time employees a competitive benefits package which is a significant part of their total compensation. It is our goal to provide employees with a comprehensive benefits package to fit their needs which includes, coverage for medical insurance, dental insurance, vision insurance, life insurance, long-term disability insurance, and flexible spending accounts (FSAs), health saving account (HSA) with company contributions, voluntary coverages, and 401(k).

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Cathay Bank is an Equal Opportunity and Affirmative Action Employer. We welcome applications for employment from all qualified candidates, regardless of race, color, ethnicity, ancestry, citizenship, gender, national origin, religion, age, sex (including pregnancy and related medical conditions, childbirth and breastfeeding), reproductive health decision-making, sexual orientation, gender identity and expression, genetic information or characteristics, disability or medical condition, military status or status as a protected veteran, or any other status protected by applicable law.

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