My client is a globally renowned bank with operations in dozens of countries around the world.
Oversee the sanctions program and governance activities:
Under Sanctions Head, oversee five teams under US Sanctions Program Office regarding their work quality, daily routine, operational quality and work improvement.
Identify potential issue and communicate with management, Chief BSA Officer, Sanctions Head; Provide solutions and proposals if necessary.
Provide instructions for OFAC team to determine true match OFAC Alert related to wire transfers, confirmed cases investigation, and OFAC false hits reduction.
Ensure the team is on-call after working hours to make OFAC sanctions investigated in a timely manner.
Keep the team up to date on OFAC updates and recent actions.
Ensure the team maintains a correspondence with OFAC for sanctions guidance.
Ensure Voluntary Disclosures for OFAC is written when other banks do OFAC Rejects or Blocks against our company.
Ensure OFAC risk management advisory and complex investigations are conducted properly.
Reports to Superiors:
Communicate with management, Chief BSA Officer, Head of Legal & Compliance Department, Deputy Head of Legal & Compliance Department from time to time regarding OFAC sanction and compliance work.
Work actively on how to enhance OFAC work in order to comply with regulatory requirements.
Propose new methodologies when necessary.
More than 9 years banking industry and BSA/AML & OFAC internal control. CAMS preferred.
Business acumen; communication skill, creative problem solving skill; leadership and management skill; analytical skill; writing skill; technical skill; project management skill; relationship management skill; team work; planning and organizing skill; coaching skill.
Knowledge of Sanction policy and OFAC, knowledge of U.S. Banking regulations and compliance practices, as well as knowledge of compliance risk management, and 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.