Financial Sanctions Analyst

Financial Sanctions Analyst We are adding to our diverse team of experts and are looking to hire those who are committed to building a culture that enables the creation of innovative solutions for our business units and clients. The Company Munich Re America Services (MRAS) is a shared service organization that delivers services to all Munich Re US P&C Companies and other group entities. As a member of Munich Re's US operations, we offer the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help our clients stay competitive - from traditional reinsurance coverages, to niche and specialty reinsurance and insurance products. The Opportunity Future focused and always one step ahead! The position supports Munich Re North American entities in their effort to mitigate the risk associated with inadvertently doing business with OFAC-sanctioned individuals and entities. The primary function of this role will be to handle financial sanctions cases through the Company-endorsed sanctions system and ad hoc requests on sanctions cases. Responsibilities Perform case reviews using the Company's sanctions screening tools.
Evaluate case circumstances for compliance risk and escalate high-risk cases.
Collaborate with colleagues to ensure alignment with Company standards and service level agreements related to financial sanctions screening.
Provide backup when other case reviewers are unavailable.
Communicate with the Hub Lead and other case reviewers regarding cases, screening coverage, etc.
Develop expertise of financial sanctions, regulations regarding the same, and Company directives aimed at mitigating sanctions risks. Qualifications Successful candidates will possess the following skills/capabilities: Bachelor's degree or higher
Strong attention to detail with the ability to review and analyze data accurately
Demonstrated ability to follow established processes, policies, and regulatory guidelines
Proficiency in Microsoft Office Suite (Excel, Word, Outlook) and general comfort with business systems
Effective written and verbal communication skills
Ability to manage multiple tasks, prioritize work, and meet deadlines
High ethical standards with a commitment to confidentiality and compliance We are proud to offer our employees, their domestic partners, and their children, a wide range of insurance benefits: Two options for your health insurance plan (PPO or High Deductible).
Prescription drug coverage (included in your health insurance plan).
Vision and dental insurance plans.
Additional insurance coverages provided at no cost to you, such as basic life insurance equal to 1x annual salary and AD&D coverage that is equal to 1x annual salary.
Short and Long Term Disability coverage.
Supplemental Life and AD&D plans that you can purchase for yourself and dependents (includes Spouse/domestic partner and children).
Voluntary Benefit plans that supplement your health and life insurance plans (Accident, Critical Illness and Hospital Indemnity). In addition to the above insurance offerings, our employees also enjoy: A robust 401k plan with up to a 5% employer match
A retirement savings plan that is 100% company funded.
Paid time off that begins with 24 days each year, with more days added when you celebrate milestone service anniversaries.
Eligibility to receive a yearly bonus as a Munich Re employee.
A variety of health and wellness programs provided at no cost.
Paid time off for eligible family care needs.
Tuition assistance and educational achievement bonuses.
A corporate matching gifts program that further enhances your charitable donation.
Paid time off to volunteer in your community. At Munich Re, we see Diversity, Equity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services. We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.