Legal & Compliance Department-SVP, Deputy Head of US Sanctions Compliance

Overview

The Senior Vice President as deputy will work closely with the SVP, Head of USSC to establish a comprehensive Sanctions Program based upon law and regulations that mitigate compliance, regulatory, and reputational risks associated with violations of sanctions laws.

Include but not limited to:

• Sanctions Monitoring
  • Review and analyze Sanctions Alerts and determine whether an investigation is warranted
  • Lead investigations and/or due diligence reviews where Sanctions issues are present, such as letters of credit, customer on-boarding and/or wire transactions, and identify associated risks and red-flags
  • Advise FLUs on sanctions regulations and matters
  • Identify regulatory Sanctions compliance issues / concerns and propose solutions
  • Investigate apparent breaches of sanctions regulations and/or compliance standards
  • Investigate potential Sanctions violations, money laundering and fraudulent financial activity across the bank
  • Assess Sanctions compliance processes and implement solutions
  • Perform ad hoc investigations and analysis in support of voluntary disclosures to sanctions and any regulatory enquiries
  • Assist with coordination of response for internal and external sanctions-related examinations
  • Review and analyze sanctions inquiries and potential hits for issues and trends and remediate as necessary
  • Review operational processes and implement improvement opportunities

• Sanctions Reports
  • Conduct periodic quality review of Sanctions data/metrics and update as necessary
  • Conduct periodic quality review of departmental logs, reports, and deliverables and provide feedback
  • Prepare presentations, data metrics, summaries, routine and ad-hoc reports

• Bachelor's degree required
• 10 years of work experience in a bank or financial institution in a BSA/AML & OFAC internal control technology capacity preferred
• Knowledge of U.S. banking regulations and compliance practice, compliance risk management, and BOC Risk Governance Framework
• Knowledge of U.S. banking regulations and compliance practice with strong emphasis on all aspects of BSA, AML and OFAC
• Comprehensive knowledge of BSA/AML and OFAC related regulations and ability to implement the banks policies and procedures

Actual salary is commensurate with candidate’s relevant years of experience, skillset, education and other qualifications.

USD $ - USD $ /Yr.