OFAC Compliance, Sanctions Remediation Manager - Legal / Taxation / Compliance New York - United States OFAC Compliance, Sanctions Remediation Manager -  …

in New York, NY, United States
Permanent, Full time
Be the first to apply
in New York, NY, United States
Permanent, Full time
Be the first to apply
OFAC Compliance, Sanctions Remediation Manager - Legal / Taxation / Compliance New York - United States
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.

This role, which reports to the Head of Sanctions Compliance, is responsible for taking the lead on Change the Bank remediation efforts across the Americas region, which includes but is not limited to:

  • Proactively lead US Sanctions Compliance in all initiatives to implement or upgrade Change the Bank and remediation efforts related to sanctions.
  • Oversight of SG Americas efforts to Change the Bank and remediate sanctions-related compliance or operational risks, as necessary, working closely with Business Lines and Support Teams.
  • Execution of enhancements of processes and procedures with a commitment to consistency and successful implementation within the set targets and deadlines.
  • Manage multiple projects and meet timely deadlines.
  • Liaise with and support Group Compliance in terms of US Sanctions subject matter expertise on both the regulations and industry best practices. Support Global Wholesale Banking in implementation efforts.
  • Primary contact for SG entities in Canada and Brazil for Change the Bank and remediation efforts related to sanctions compliance.
  • Supervise project manager assigned to the same project.
  • Develop and prepare key metrics for oversight and reporting to senior management.
  • Prepare materials for and participate in internal and external OFAC/sanctions-related regulatory examinations.

  • All our positions are open to people with disabilities


    Competencies, Skills and Qualifications :

  • Excellent written and oral communications skills, including public speaking.
  • OFAC Sanctions subject matter expertise. Ability to effectively advocate for implementation of controls based on regulatory expectations.
  • Strong organizational skills and problem-solving abilities.
  • 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:

  • Bachelor's Degree

  • English

  • 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.

    Job code: 19000FGG
    Starting date: Immediate
    Date of publication: 01/07/2019