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Subject: Regional Head of Sanctions, New Jersey

Alice Morgan posted a job: Regional Head of Sanctions, New Jersey

"To minimize the risk of financial, regulatory or reputational loss our client a top-tier international bank seeks a Regional Head of Sanctions to ensure that all business activities in the country meet the Sanctions requirements of Group. This includes all applicable local laws and regulations. This is a leadership role that oversees the Sanctions team, AML concerns and responds to Government & Regulatory agency information requests. Responsibilities: * Acts as the interface between the Bank and local regulators, government agencies and law enforcement on Office of Foreign Asset Control (OFAC) Sanctions matters. * Works with Head of FCR to coordinate and oversee all FCR-related regulatory inspections. * Leads on Sanctions - related external and internal risk identification and anticipation of future trends. Works with the business to drive the development of appropriate mitigation strategies. * Disseminate and implement Group policy and standards, as well as ensure appropriate policies and procedures are consistent with the local regulatory requirements with an emphasis on OFAC adherence. * Provides guidance on proper application and interpretation of OFAC / Sanctions-related laws, regulations and policies applicable to the country. * Oversees the FCR Sanctions monitoring team responsible for vetting transactions stopped for Sanctions / AML concerns. * Provide assistance on periodic sanctions screening systems tests and work with the business and the vendors to improve the scores on certain tests as and when necessary. * Assists in developing a regional level OFAC/Sanctions Training Plan to ensure the business are provided with training tailored to the local regulatory environment. Qualifications: * Detailed knowledge of local law, regulatory expectations and internal policy requirements as they relate to OFAC / US Sanctions and AML requirements. * Ability to provide clear oral and written guidance on these US Sanctions requirements and be seen as an authoritative source of advice. * Ability to anticipate, and where appropriate influence, regulatory changes. * Sufficient understanding of products and services offered, or being developed, by local business such that instructions and advice is as informed, appropriate and relevant to business needs as possible. * Ability to interact at senior levels with local regulatory, government, law enforcement and industry in order to provide the Bank with a more informed view of financial crime risks. * Ability to foster positive relationships with internal and external stakeholders at appropriate level ensuring open cooperative environment. To apply please submit your resume to info@compliancesearch.com"

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