Sanctions Risk Specialist - Global Economic Sanctions

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Job Description

Global Economic Sanctions ("GES") is responsible for dedicated compliance and operational risk management of processes unique to economic sanctions. The Sanctions Risk Specialist is a function within GES that is responsible for the identification, aggregation, reporting, and escalation of sanctions related risks. The Sanctions Risk Specialist is responsible for the execution of risk management responsibilities in areas such as sanctions advisory, issues management, and monitoring and testing from a sanctions compliance and risk perspective. This role is an individual contributor in the Sanctions Risk Management function.

The Sanctions Risk Specialist may engage in the following processes to evaluate and assess FLU/CF controls, sanctions-specific second line functions and controls, and residual risks related to economic sanctions:

• Deep understanding of economic sanctions regulations and laws (OFAC, UN, EU, UK etc.), internal sanctions screening processes, and the ability to apply that knowledge for risk analysis, monitoring and testing, and sanctions list management

• Provide oversight of Front Line Units with matters involving economic sanctions concerns

• Ability to have discussions and communicate with senior band 3 executives, respond to auditors and regulators, prepare presentations to regional and global rep risk committees, prepare and conduct sanctions-related training for Front Line Units, and conduct risk analysis and research on economic sanctions matters

• Experience in or ability to identify, draft, own, and resolve to completion audit issues

• Serve as the Risk Officer aligned to FLU-owned issues with economic sanctions impact. This includes ensuring timely and effective resolution of action steps, as well as Global Economic Sanctions review and challenge of action step remediation and evidence.

• Regularly execute and oversee business control functions, including as associated with metrics and governance routines, for effective sanctions program functioning.

• Maintenance and oversight of a comprehensive inventory of all FLU-owned issues with economic sanctions impact. Note, there will be several dozen at any given time.

• Serve as the main point of contact between the FLUs and the Global Financial Crimes Program Team from a Global Economic Sanctions perspective, with particular responsibility to ensure alignment and data sharing related to program execution (e.g. on metrics, QA, SPI, SOPs, Standards, Risk Tolerance & KRI/KPI reporting).

• Ensure necessary oversight, coordination and proactive management of issues within Global Economic Sanctions, across Global Financial Crimes, and with FLUs and other partners.

Required qualifications:

• Minimum 5 years of business and/or functional experience in financial services industry, risk management, financial crimes, testing, or experience in a related field

• Minimum 1 year experience in economic sanctions

• Bachelor's degree or equivalent experience

Desired qualifications:

• Preferred candidates with experience in managing sanctions program issues and metrics

• Preferred candidates with understanding of business, markets, and products

• Ability to handle multiple compliance projects in a dynamic environment with competing priorities across a global team setting

• Excellent business stakeholder management and communication skills

• Financial Services and/or related government entity

Shift:
1st shift (United States of America)

Hours Per Week:
40

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