Compliance Sanctions Director - Advisory Corporate amp Investment Banking

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Compliance Sanctions Director - Advisory – Corporate & Investment Banking
Duties: Designing, developing, delivering, and maintaining best-in-class Sanctions Compliance policies and practices, providing a mechanism for identifying key sanctions risks and how the mitigation of those risks would be monitored and measured through a robust control framework. Ensuring that reviews are conducted consistently across each entity on a regular basis to ensure that the controls identified are operating effectively. Acting as an Economic Sanctions Subject Matter Expert responsible for overseeing the bank’s risk-taking activities. Managing specialized teams of Compliance professionals responsible for providing sanctions advisory support to BCMA businesses, including corporate and investment banking, equity and debt capital markets, and M&A advisory. Responsible for the execution of Program activities. Developing, attracting, and retaining talent; recommending staffing levels required to carry out the unit’s role and responsibilities effectively while establishing and adhering to talent management processes and compensation and performance management programs. Providing review, oversight and guidance over the assessment of complex transactions, deals and issues, structuring potential solutions and driving effective resolution with other senior stakeholders. Providing advice to the businesses on an ongoing basis on new business initiatives, new products, business acquisitions, and client-related matters with respect to applicability of policies, resolution of potential red flags or other client/transaction-related compliance escalations. Acting as the main point of contact for US and foreign regulators and the Bank internal audit staff for Sanctions matters, as appropriate, including coordinating Sanctions-related examinations, audit and reviews, document production, and issue responses. Reviewing and approving OFAC Administrative Subpoenas, Voluntary Self-Disclosures and relevant regulatory correspondence. Monitoring adherence to the Bank’s Global Sanctions Policy and relevant procedures; staying current on key Sanctions regulatory changes, key enforcement actions and related industry trends. Identifies and escalates to the Chief Sanctions Officer material risks and significant instances of non-adherence to the Framework by accountable front line units; directs investigations in coordination with GIU, CSIS, Legal, HR or as appropriate. Interacting with Senior Management to raise awareness of Sanctions trends, emerging issues, remedial actions or enhancements to the program; supervises the preparation of materials for the Board or relevant management/risk committees. Participating in and managing or coordinating, as appropriate, various internal assurance processes, e.g. Regional Enterprise wide and Horizontal risk assessments, self-assessment, internal audit or compliance assurance reviews. Managing additional duties as assigned.

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