Sanctions Analyst

at  Binanceus

ABOUT BINANCE.US:

Binance.US is America’s #1 Crypto Platform for Low Fees, featuring secure access to 150+ popular cryptocurrencies. Founded in 2019 and headquartered in Miami, Florida, Binance.US has emerged as a leading destination for customers looking to buy, trade, stake, transfer, and hold digital assets with confidence. Built for U.S. consumers, Binance.US strictly abides by U.S. regulations and operates with transparency and accountability. Binance.US is a separate independent company from Binance.com and utilizes its innovative technology stack under a licensing agreement.

PREFERRED SKILLS/EXPERIENCE:

• 1+ years of relevant experience in Sanctions Compliance
• BA/BS degree in Finance, Accounting, Economics, Business Administration or equivalent work experience
• Knowledge of global sanctions programs
• Basic understanding of payment methods and transaction types
• Experience in implementing and updating screening applications
• Experience in updating policies and procedures, training materials
• Strong verbal and written skills
• Experience with Google Suite (e.g., Docs, Slides) and/or Microsoft Office (e.g., Word, Powerpoint) preferred

ABOUT THIS ROLE:

The Sanctions Analyst role is part of the Compliance team and reports to our Director, Sanctions. As a Sanctions Analyst, you will have a good understanding of the sanctions compliance, and be able to handle all tasks related to it, including: review screening alerts, review OFAC licenses, report/file with OFAC, prepare management reports, review policies and procedures and recommend improvement, assist with regulatory and audit examinations amongst other duties as assigned.

CORE RESPONSIBILITIES:

• Alerts review and management:
• Review Sanctions, PEP and Negative News alerts (LexisNexis)
• Review sanctions alerts at the transaction level generated from blockchain analytics tools and escalated to Sanctions Compliance team by the Transactions Monitoring Group
• Review of OFAC Licenses
• File/report to OFAC (blocked assets/VSDs)
• Perform QC reviews of alerts decisioned by other sanctions analysts
• Prepare Management reports (advanced excel skills)
• Perform QA of the OFAC list updates
• Assist in the design, build, and implementation of the Sanctions program (e.g., screening and other related processes)
• Recommend changes to the policies and procedures for Sanctions, PEP and Negative News processes (MS WORD)
• Assist in all regulatory reviews, examinations and audit reviews and updating training documentation for the sanctions and wider compliance programs
• Closely follow sanctions regulations, compliance, and enforcement developments in the cryptocurrency industry and act as a Subject Matter Expert.
• Assist with preparing training materials (MS PowerPoint skills).