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

Senior Vice President Deputy Sanctions Program

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:

• 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 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

• 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 $150,000.00 - USD $280,000.00 /Yr.