Transaction Review Desk Support - Sanctions - ...

Job Title Transaction Review Desk SupportCorporate Title Assistant Vice PresidentLocation New York, NYOverviewThe Sanctions & Embargoes program is aimed to ensure that The Bank Group and its staff fully comply with all applicable sanctions and embargoes. For this purpose, The Bank established a global organization with dedicated rights and responsibilities. The Bank's Sanctions & Embargoes Program has been implemented globally and throughout all business divisions.What We Offer YouA diverse and inclusive environment that embraces change, innovation, and collaborationA hybrid working model, allowing for in-office / work from home flexibility, generous vacation, personal and volunteer daysEmployee Resource Groups support an inclusive workplace for everyone and promote community engagementCompetitive compensation packages including health and wellbeing benefits, retirement savings plans, parental leave, and family building benefitsEducational resources, matching gift and volunteer programsWhat You'll DoSupport The Bank in protecting The Bank from legal, regulatory and reputational risk with regard to business involving sanctioned entities and/or countries. Diligently investigate payment messages escalated from Regulatory Filtering Operations to US Sanctions Compliance for potential sanctions, anti-money laundering (AML), or policy violationsAccurately apply Office of Foreign Assets Control (OFAC) and EU regulations and Bank policy to payment messages and coordinate significant issues requiring further escalation within The Bank Anti-Financial Crimes and across business and operationsMonitor the regulatory situation in the region, and assist in ensuring significant events impacting The Bank are addressed as need be. Interface with client service officers on transaction-related requests and decide on these in full compliance with all applicable sanctions regulations as well as the The Bank's policies and procedures. Identify and escalate issues which are not addressed by current policies or standards, draft and implement possible solutionsMaintain and manage internal watch lists, and coordinate with Regulatory Filtering Operations in the timely and accurate implementation of all watch lists. Assist in timely maintenance of records in accurate and auditable formatSupport sanctions-relevant reporting obligations involving countries in the region to the competent authorities. Assist in the collection of information in response to law enforcement, regulatory, or internal inquiries. Knowledge of Sanctions laws/regulations to provide guidance to business and compliance staffReport any risk relating to the duties and responsibilities described hereunder and any event or incident that is capable of creating or constituting such a risk to the Head of Sanctions ComplianceSkills You'll NeedBA/BS required. JD/Masters preferred. Past experience in AML or sanctions compliance and operations in a global financial institution highly desirableProficiency Microsoft Excel and PowerPointModerate experience in financial services or similar industry in compliance, legal or project management function, working with policies and procedures, group governance and/or organizational managementStrength in U.S. economic sanctions regulationsSkills That Will Help You ExcelStrong, independent self-starter & problem solver. Strong project management or evident ability to influence management and adhere to deadlinesTeam player and self -starter, able to act on own initiative and learn quickly. Highly organized and pays attention to detail. Detail oriented and organized, as well as proactive in follow up on pending deliverablesAbility to work across geographic & cultural boundaries to achieve organizational goals & objectives. Ability to prioritize requirements to achieve regulatory or audit requirementsAbility to deliver timely and quality execution in a fast-paced and high-pressured environmentRequired to work Mandatory adherence to Federal Reserve timeframes and flexibility to work extended hours to meet deadlines when necessary, Ability to act decisively and manage multiple projects simultaneously. Strong drafting, writing, analytical and communication skillsExpectationsIt is the Bank's expectation that employees hired into this role will work in the New York office in accordance with the Bank's hybrid working model.The Bank provides reasonable accommodations to candidates and employees with a substantiated need based on disability and/or religion.The salary range for this position in New York is $85,000 to $120,750. Actual salaries may be based on a number of factors including, but not limited to, a candidate's skill set, experience, education, work location and other qualifications. Posted salary ranges do not include incentive compensation or any other type of renumeration.

Created: 2025-01-07