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OFAC QA Manager
Ref No.: 17-04063
Location: New York, New York
Position Type:Full Time
Pay Rate : $ 90,000.00 - 110,000.00 /Year
A foreign bank is looking to bolster its OFAC team with a OFAC QA Manager. The OFAC QA Manager will report directly to the Bank's Sanctions Officer and will work to strengthen the bank's OFAC/Sanctions program through effective oversight, testing, and documentation of the bank's sanctions operations. The OFAC QA Manager will:
  • Develop and implement a robust sanctions Quality Assurance (QA) program that covers sanctions operations, technology, and compliance risks. Create testing strategies, perform testing, and document testing results.
  • Draft reports, and manage and track observations. Discuss observations and action plans with relevant business areas.
  • Provide and present final reports to senior management and Compliance Committee, as applicable
  • Track and manage issues identified in response to NYS Client Part 504 model validation efforts.
  • Chair sanctions sub-committee meetings to discuss sanctions filter related issues and metrics
  • Develop and report on key sanctions related KRI/MIS
  • BA/BS Degree
  • 3-5 years' experience working within sanctions compliance/operations functions of a bank
  • Experience with audit, testing, or QA
  • Knowledge of OFAC regulations
Must possess strong:
 -     Written and verbal communication skills, including report writing
 -     Understanding of corporate governance and the OFAC regulatory environment
-    Understanding of the requirements of NYS DF5 Part 504

Third Party Applications Not Accepted