Description

SANCTION MANAGER (REMOTE) - 5 YEARS BANKING SANCTIONS EXPERIENCE REQUIRED $100K - $140KREMOTE [USA] Ref:4149D Our client,a leading regional bank, is hiring a Sanctions specialist. The Financial Intelligence Unit (FIU) Sanctions Manager supports this Regional Bank's enterprise wide BSA/AML/Sanctions Program to ensure all regulatory requirements are met related to compliance with the Bank's OFAC/Sanctions requirements as well as USA PATRIOT Act section 314(a) requirements. The successful candidate will have strong expertise in sanctions with the ability to lead and support teams responsible for real-time screening. Responsible for managing and overseeing the Sanctions Operations team and maintaining the Bank's Sanctions compliance program in accordance with policy and procedure. Duties will include;

• Manage the FIU Sanctions team and assist with oversight of sanctions screening functions throughout the Bank.
• Monitor compliance with OFAC/Sanctions requirements, policies, procedures, and processes throughout the organization;
• Conduct in-depth analysis of relationships, accounts, and transactions identifying sanctions risks and compliance with the Bank's OFAC/Sanctions requirements, providing recommendations to senior management;
• Collaborate with business lines and departments to ensure compliance with the company-wide Sanctions program and procedures;
• Provide guidance and impact to the Sanctions team on processes as sanctions laws and regulations change;
• Serve as subject matter expert and technical resource in OFAC/Sanctions and escalate concerns promptly;
• Ensure failures resulting from automated scans are properly resolved according to Bank policy and procedures;
• Promptly notify Director of Sanctions, Chief BSA Officer, and BSA Officer of any identified relationships/accounts that require blocking or rejection;
• Monitor the regulatory and sanctions environments, and assist in ensuring significant events are addressed as appropriate;
• Notify appropriate personnel through submission of the Unusual Activity Referral Form of any identified potential unusual or suspicious activity immediately;
• Maintain proficiency in all aspects of BSA/AML/Sanctions compliance

You should have a degree possibly with full ACAMS or CGSS, with at least 5+ years sanctions management experience with deep knowledge of relevant regulations and frameworks in a banking environment (second line of defence). This should include a strong understanding of U.S. sanctions regulatory requirements with experience conducting evaluations of activity and persons to identify sanctions risks or prohibitions/restrictions. You should also have experience with and knowledge of screening technology and systems (with a preference for LexisNexis Bridger and Verafin) and ideally some experience with international banking and foreign trade finance activities. No need for previous staff management experience so good opportunity to step into first managerial role. Please note whilst fully remote you need to be based in the USA with full US working rights. So, if that sounds like you, then please send your details to our MD, David Symes FCA at
mailto:dmsymes@compliancerecruitment.com
( including contact no ) however please note we cannot reply to all applications so only successful applications will be contacted (although under no circumstances are your details ever passed on without your specific permission).