Compliance Sanctions Advisory Specialist
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Compliance Sanctions Advisory Specialist
Ref No.: 18-08503
Location: New York, New York
A Major Financial Firm located in New York, NY has an immediate contract opportunity for a Compliance Sanctions Advisory Specialist.

JOB DESCRIPTION
The Management of the Bank has committed to ensure compliance with AML / Embargo & Sanctions rules within the entire Group. In this context, Group Compliance has decided to have a strong and permanent set-up within the US: Group Financial Security U.S. ( "GFS U.S.”).

The objectives of this unit include:
  • Having the responsibility for the Bank framework in relation to Compliance with US Sanctions;
  • Ensuring a legal watch in relation to US Sanctions in liaison with Legal Affairs
  • Issuing norms, policies and procedures in relation to Sanctions and applicable across the Bank
  • Providing advice on situations linked to US Sanctions across the Group
  • Acting as the ultimate level of management of the US Sanctions – related alerts,
  • Acting as the sponsor of tools used to filter flows against embargo / sanctions lists
  • Risk assessing the Group's branches & affiliates regarding non-compliance issues through a permanent risk oversight
  • Performing on-site controls within the Bank to verify entities comply with norms issued by GFS-NY.
Responsibilities of the Sanctions Advisory team:
  • Providing opinions, as the ultimate level within the Bank, in relation to US Sanctions on business initiatives, development of existing business or transactions
  • Manage and maintain required documentation to satisfy the audit trail requirements
  • Provide advisory on the updating of Norms in relation to Sanctions
  • Contribute to the formalization of post-mortem as necessary in relation to US Sanctions matters in order to improve the underlying processes
  • Responsible for sending advisory notices to the Bank after changes in U.S. sanctions regulations
  • Partner closely with business and Compliance counterparts to understand issues, to process accordingly and provide opinions towards resolution
Responsibilities:
  • Perform analysis of existing (and prospective) counterparties and their beneficial owners, including enhanced due diligence, regarding sanctions related risks
  • Synthesize findings and report cases/files to senior management, partners and committee members for effective assessment of viability and risks.
  • Comprehend and parse and/or interpret complex organizational and corporate structures for ownership percentage, subsidiary breakdown or merger activity
  • Interact daily with Senior Management, Legal, and Pole & Territory Compliance on counterparty risks and matters requiring escalation
  • Keep abreast of U.S. sanctions regulations, enforcement actions and penalties.
  • Maintain close working knowledge of assigned cases/files and advise supervisors of their progress and any matters of concern.
  • Follow-up with appropriate party for missing or outstanding documents or information whenever necessary until closure of the case.
  • Research of SDN affiliated entities
  • Interact with other units of GFS U.S. (including Risk & Oversight, On-site Controls, Alerts Investigations, and Norms & Procedures), GFS Paris, and U.S. Financial Security
  • Adhoc projects and presentations for senior management and regulatory authorities
  • Advisory representative on regular Group-wide committees
  • Supervise junior staff work
Minimum Required Qualifications
  • Undergraduate degree, finance or business related majors
  • 5-10 years of experience in Compliance and/or a banking environment
  • Strong investigation and research skills, and experience with the Internet and on-line research systems
  • Knowledge of corporate ownership structures
  • Knowledge of U.S. sanctions and OFAC
  • Knowledge of payment messages
  • Knowledge of KYC documents
  • Working knowledge of institutional and retail banking products & services
  • Use of utmost discretion when handling sensitive and confidential material
  • Flexibility to adapt to a new and changing environment
  • Strong analytical skills, organization and attention to detail
  • Strong verbal communication skills with experience communicating with senior management
  • Excellent written communication skills and ability to summarize information from multiple documents in a synthesized memo
  • Manage multiple investigations and inquiries at the same time and meet timely deadlines. Demonstrated track record in self-initiative and time management
  • Work well with others in a fast paced environment
Preferred Qualifications:
  • Knowledge of Bank activities and organization a plus
  • French language skills a plus
  • Knowledge of AML regulations including the USA PATRIOT Act, and Bank Secrecy Act
  • Experience reviewing others work