OFAC Sanctions/FircoSoft Consultant

This role supports our client's implementation of ISO 20022 by testing and documenting system changes impacting sanctions screening and transaction monitoring, with a focus on FircoSoft list management and tuning. The ideal candidate will have 2-5 years of experience in compliance systems, strong analytical and testing skills, and a solid understanding of payment message flows and regulatory reporting requirements.

Client Details

Our client is a global bank headquartered in Midtown Manhattan, known for its strong international presence and robust compliance infrastructure. They are currently hiring one fully remote contractor to support their Compliance Team's implementation of ISO 20022, with a focus on sanctions screening and system testing.

Description

• Test and document system changes related to ISO 20022 implementation, specifically impacting sanctions screening and transaction monitoring systems.
• Conduct FircoSoft list management tasks, including rule creation, good guy clean-up, and tuning to reduce false positives.
• Perform daily sanctions list change testing and maintain clear documentation for compliance and audit purposes.
• Facilitate and support UAT for compliance system updates, ensuring functionality and alignment with regulatory requirements.
• Prepare detailed reports for model risk management and head office review, summarizing testing outcomes and compliance enhancements.

Profile

• 5+ years of experience in BSA/AML compliance systems, with a focus on sanctions screening and transaction monitoring.
• Hands-on experience with FircoSoft, including list management, rule creation, and tuning efforts beyond Level 1/2 screening.
• Working knowledge of ISO 20022 messages, including understanding of wire message structures and payment flows (ACH, CHIPS, etc.).
• Programming, testing, and UAT documentation skills, with the ability to support system changes and regulatory reporting.
• Strong analytical, project management, and reporting abilities, including the use of tools like Excel and documentation for model risk/governance reviews.

Job Offer

The successful candidate will be offered a competitive hourly pay rate along with the flexibility to work fully remote for the entire duration of the contract. This role provides a valuable opportunity to contribute to a high-impact compliance initiative at a global financial institution.

MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.

Job Requirements: