Job description

Our client is an International Bank based in Downton Manhattan. They are looking for a Deputy Sanctions Officer to join their team. This role will be performed on a hybrid basis with 2/3 days required in the office each week.

The Deputy Sanctions Compliance Manager is responsible for assisting in the development, implementation and maintenance of the Global Sanctions requirements, policies, procedures and training. Specific responsibilities include: enhancing Sanctions screening processes consistent with evolving regulatory expectations or to address product changes; providing advice to analysts on sanctions related matters; working with Systems and other stakeholders to enhance sanctions and negative news screening processes and systems; coordinating and providing sanctions related responses in connection with external exams and Internal Audits; and providing training on relevant sanctions matters and systems. This role will also include evaluating new products, new applications, system developments and strategic initiatives from a sanctions risk perspective.

Responsibilities:

• Drive innovation and change in managing appropriate policies, procedures and processes to ensure compliance with applicable sanctions laws and regulations.
• Ongoing monitoring for adherence to policy and procedures by the sanctions team.
• Review new business and strategic initiatives to ensure appropriate sanctions controls are implemented.
• Develop and deliver sanctions screening related training.
• Assist business partners in understanding relevant Sanctions policies, procedures and controls.
• Support the management team with internal audit and various regulatory exams.
• Coordinate and provide responses to examination findings and manage remediation related to the sanctions compliance programs.
• Provide guidance and resolution to the sanctions screening team on sanctions alert or screening related issues.
• Responsible for providing, developing or enhancing reports and metrics to the sanctions management team and oversight committees.
• Staying abreast of regulatory changes and news, with an emphasis on OFAC/Sanctions related developments
• Liaising with business and systems counterparts that contribute to sanctions related projects and initiatives to ensure successful completion
• Analyzing, interpreting and supporting the documentation of firm wide processes or applications and corresponding sanctions screening/controls
• Review historical sanction alert patterns to identify false positive trends and areas for reduction through systemic rules.

Qualifications:

• 5-8 years of experience in a financial services industry or regulatory environment.
• Bachelors degree from an accredited college/university in Accounting, Finance, Legal,
• Economics or related discipline.
• CAMS certification.
• Strong background in OFAC / Sanctions; - 10 years overall experience.
• Strong computer skills including MS Office Suite particularly MS Excel.
• Strong written and oral presentation skills.
• Possess a strong understanding of corporate governance and the OFAC regulatory environment. Experience to file OFAC Block/Reject Report.
• Ability to understand the importance of privileged and confidential information.
• Ability to manage multiple projects and meet timely deadlines.
• Investigative Skills
• Strong analytical skills to review and analyze OFAC inquiries and hits for resolutions.
• Strong investigative skills for potential OFAC violation and trends

Job Type: Full-time

Pay: $100,000.00 - $140,000.00 per year

Benefits:

• 401(k)
• Dental insurance
• Health insurance
• Life insurance
• Paid time off
• Vision insurance

Schedule:

• Monday to Friday

Work Location: Hybrid remote in New York, NY 10017

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