OFAC Compliance, Sanctions Remediation Manager OFAC Compliance, Sanctions Remediation Manager …

SOCIETE GENERALE
in New York, NY, United States
Permanent, Full time
Last application, 25 Jun 19
Competitive
SOCIETE GENERALE
in New York, NY, United States
Permanent, Full time
Last application, 25 Jun 19
Competitive
OFAC Compliance, Sanctions Remediation Manager
Environment
The SGUS Compliance Department monitors the corporate banking, investment banking and broker-dealer activities of SGUS and reports on the compliance risks and issues to SGUS and Global Compliance Senior Management. Additionally, the SGUS Compliance Department works closely with the Global Compliance Department in Paris to ensure effective implementation of Global Compliance policies and to coordinate all cross-border business transactions and activities. The SGUS Compliance Department is responsible for monitoring the handling of sensitive confidential business information by SGUS personnel through the Compliance Control Room. It administers the SGUS Employee Investment Policy, arranges for the registration of broker-dealer personnel, and conducts compliance training. In addition, the Advisory Team provides the various business lines with guidance and advice on relevant rules and regulations. The US Financial Crime department is responsible for ensuring compliance with anti-money laundering ("AML"), Bank Secrecy Act, USA PATRIOT Act, OFAC and sanctions regulations for the US operations. Additionally, AML oversees key processes and risks of the KYC department.

Mission
Sanctions Compliance is responsible for ensuring compliance with OFAC, E.U., and other applicable sanctions programs throughout SGUS. This includes reviewing alerts on transactions (second level review) and static data (first level review) for potential matches to the OFAC, E.U., and any other applicable lists and investigating potential matches, reporting blocked property or rejected transactions to OFAC, investigating and drafting Voluntary Self-Disclosures to OFAC, creating and delivering targeted training to SG Employees on OFAC/sanctions issues, providing sanctions-related advisory support to SGUS business units, reviewing the Sanctions Risk Assessment, and coordinating with the Global Head of Embargoes, as appropriate.

MAIN ACCOUNTABILITIES
This role, which reports to the SGUS Sanctions Remediation Manager, is responsible for supporting and leading the various Change the Bank remediation efforts across the Americas region, which includes but is not limited to:

  • Coordinate with internal stakeholders and third parties for effective execution of project deliverables under the remediation plan.
  • Track project performance, ensuring that project deliverables are completed on-time and within scope.
  • Support and develop detailed action plans to monitor and track progress of sanctions remediation efforts.
  • Develop and prepare key metrics for oversight and reporting to senior management.
  • Create and maintain comprehensive project documentation, demonstrating all necessary approvals and closure memos.
  • Prepare materials for various internal and external OFAC/sanctions-related regulatory examinations.


  • Profile
    COMPETENCIES
  • Experience working in Sanctions and/or Financial Crime Compliance is strongly preferred.
  • Strong interpersonal and written/verbal communication skills.
  • Excellent Power Point and Excel skills.
  • Solid organizational skills.
  • Great attention to detail.
  • Demonstrated history of taking initiative
  • Ability to work collaboratively and effectively within a complex organization, across multiple cultures, geographies, and disciplines.
  • Ability to balance multiple, changing priorities in a dynamic and fast moving working environment.

  • Employee Specific Job Responsibilities:

    EDUCATION

    Required:
  • Bachelor's Degree

  • LANGUAGE

    Required:
  • English
  • Close