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Head of US Sanctions
Ref No.: 18-03255
Location: New York, New York
Position Type:Direct Placement
The Head of Sanctions will manage a team of compliance professionals and is responsible for utilizing effective tools to assess and combat sanctions risk across the global organization.
You will:
  • Maintain oversight in the development of a global sanctions risk assessment program, including execution of the program, creation of policies and procedures, and reporting to senior management
  • Remain current with sanctions laws and regulations including OFAC and EU sanctions and other pertinent regulatory guidance in order to assess sanctions risks
  • Manage a team responsible for decisioning sanctions alerts in a timely and effective manner
  • Manage, monitor, and test performance of sanction screening controls and escalate for potential sanctions control gaps recommending ways to enhance or change existing controls and/or determining when new controls are necessary
  • Analyze sanctions direct and indirect legal and reputational risks in transactions and client onboarding/periodic reviews
  • Prepare OFAC blocking, unblocking, and reject reports, the annual blocked property reports, ensuring their timely filing
  • Interact with Senior Management and cross-functional partners to raise awareness of Sanctions trends, emerging issues, remedial actions or enhancements to the program
  • Support senior staff in researching and responding to regulatory and related requests and conducting/overseeing Sanctions Risk Assessments, ensure proper maintenance of the proprietary watch lists and keywords sanctions list, oversee the maintenance of OFAC-related documentation for Audit, regulatory and supervisory reviews, and maintain departmental procedures

You have:
  • 9+ years of Sanctions and/or related AML compliance and operations experience (global financial institution/payments company is highly desirable)
  • Government experience is a plus
  • Extensive knowledge and expertise of AML and Sanctions regulations, risks and typologies
  • Proficiency in relevant sanctions laws and regulations including having the ability to analyze regulations for determining permissible transactions and business activity
  • CAMS certification preferred
You are:
  • Team player and self –starter, able to act on own initiative and learn quickly
  • Analytical, with the ability to provide practical solutions and prioritize a diverse workload with multiple deadlines
  • Result-oriented and assertive (you don't shy away from challenging situations)
  • Highly flexible and detail-oriented with the ability to multi-task and change directions based on business demands and able to prioritize a diverse workload with multiple deadlines