Lead OFAC Compliance Program for the Americas Region.
Manage staff in day-to-day operation of OFAC responsibilities, particularly related to the funds transfer business.
Lead investigations and/or due diligence reviews where OFAC issues are present, such as in connection with relevant client adoptions or investment banking transactions
Handle OFAC issues arising out AML transaction monitoring, Section 314(b) Information Sharing, or inquiries from government agencies,
Manage response to subpoenas or other document requests from law enforcement or regulatory agencies as they relate to OFAC.
Meet with regulatory authorities as warranted.
Prepare and distribute reports to OFAC regarding blocked and rejected transactions. Prepare the Bank's OFAC Annual Report.
Monitor OFAC Website for updates. Create and disseminate OFAC bulletins to the US business lines and ensure appropriate compliance response to any changes to OFAC requirements or new sanctioned parties.
Monitor Department of Commerce Website for updates to the Denied Person's List. Disseminate these updates to the US business lines and ensure appropriate compliance.
Develop categories of appropriate Management Information regarding the OFAC Program, and ensure completion of same for Senior Compliance and Business Management.
B.A/B.S. is required. Advanced degrees are a plus.
Must have extensive subject matter knowledge of OFAC regulations and their practical application in a financial services environment.
Must have a strong knowledge of the other prominent Sanctions programs, such as the EU and UN programs.
Must have sound management skills and experience.
Must have solid experience working in a large, complex organization, ideally related to financial services.
Must have experience dealing directly with regulatory and/or law enforcement agencies.
Internal Number: 686699
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