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AVP/VP, Sanctions Compliance Officer

  • NYC
  • Full Time

Apply for the AVP/VP, Sanctions Compliance Officer position

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Global commercial bank located in Midtown Manhattan looking to bring on board an “AVP/VP, Sanctions Compliance Officer” to join their team. This role is currently full time in office.

Responsibilities:

• The Assistant Compliance Officer role is responsible for assisting and supporting the Sanctions Compliance Officer in his/her role in managing, administering and coordinating the Sanction compliance Program.
• Responsible for managing the BAU function within the Sanctions team
• Serve as either Level 2 or Level 3 reviewer for Sanction related issues
• Interact with regulators and auditors in areas of responsibility.
• Conduct investigations, and inquiries of Head Office
• Serve as a member of the Branch Compliance Committee if the Sanction Compliance Officer is unavailable.
• Provide and maintain a compliant working environment by adhering to all laws, regulations and ethical standards and to lead by example
• Keep up with changing regulations in OFAC and BSA necessary in the completion of tasks
• Monitor OFAC updates and serve as level 2 reviewer for periodic screening against customers, vendors, and employees.
• The position has broad latitude in the writing and implementation of any new or changes to OFAC regulations.
• Incumbent must keep up with current events as they relate to Laws and Regulations.
• Informs the Sanctions Compliance Officer of any potential regulatory compliance shortfalls within the Sanctions program.
• Opines on any new regulatory pronouncements or changes and impact they may have on the Branch or Bank.
• Files timely OFAC reports to the Department of Treasury
• Conduct activity based time and motion study for the Sanction function for staffing and employee performance decision making