The Management of the company has committed to ensure compliance with AML / Embargo & Sanctions rules within the entire Group. In this context, Group Compliance has decided to have a strong and permanent set-up within the US.
The objectives of this unit include:
- Having the responsibility for the company’s compliance framework in relation to US Sanctions
- Ensuring a legal watch in relation to US Sanctions in liaison with Legal Affairs
- Issuing norms, policies and procedures in relation to Sanctions and applicable across the Bank
- Providing advice on situations linked to US Sanctions across the Group
- Acting as the ultimate level of management of the US Sanctions – related alerts,
- Acting as the sponsor of tools used to filter flows against embargo / sanctions lists
- Risk assessing the Group’s branches & affiliates regarding non-compliance issues through a permanent risk oversight
- Performing on-site controls within the Bank to verify that the Bank’s entities comply with norms issued by headquarters
Responsibilities of the Sanctions Advisory team:
Responsibilities:
- Providing opinions, as the ultimate level within the Bank, in relation to US Sanctions on business initiatives, development of existing business or transactions
- Manage and maintain required documentation to satisfy the audit trail requirements
- Provide advisory on the updating of Norms in relation to Sanctions
- Contribute to the formalization of post-mortem as necessary in relation to US Sanctions matters in order to improve the underlying processes
- Responsible for sending advisory notices to global teams after changes in U.S. sanctions regulations
- Partner closely with business and Compliance counterparts to understand issues, to process accordingly and provide opinions towards resolution
- Perform analysis of existing (and prospective) counterparties and their beneficial owners, including enhanced due diligence, regarding sanctions related risks
- Synthesize findings and report cases/files to senior management, partners and committee members for effective assessment of viability and risks.
- Comprehend and parse and/or interpret complex organizational and corporate structures for ownership percentage, subsidiary breakdown or merger activity
- Interact daily with Senior Management, Legal, and Pole & Territory Compliance on counterparty risks and matters requiring escalation
- Keep abreast of U.S. sanctions regulations, enforcement actions and penalties.
- Maintain close working knowledge of assigned cases/files and advise supervisors of their progress and any matters of concern.
- Follow-up with appropriate party for missing or outstanding documents or information whenever necessary until closure of the case.
- Research of SDN affiliated entities
- Interact with other units of Compliance U.S. (including Risk & Oversight, On-site Controls, Alerts Investigations, and Norms & Procedures), and headquarter teams
- Ad-hoc projects and presentations for senior management and regulatory authorities
- Advisory representative on regular team wide committees/meetings
- Supervise junior staff work
- Undergraduate degree, finance or business-related majors
- 5-10 years of experience in Compliance and/or a banking environment
- Strong investigation and research skills, and experience with the Internet and on-line research systems
- Knowledge of corporate ownership structures
- Knowledge of U.S. sanctions and OFAC
- Knowledge of payment messages
- Knowledge of KYC documents
- Working knowledge of institutional and retail banking products & services
- Use of utmost discretion when handling sensitive and confidential material
- Flexibility to adapt to a new and changing environment
- Strong analytical skills, organization and attention to detail
- Strong verbal communication skills with experience communicating with senior management
- Excellent written communication skills and ability to summarize information from multiple documents in a synthesized memo
- Ability to:
- Manage multiple investigations and inquiries at the same time and meet timely deadlines. Demonstrated track record in self-initiative and time management
- Work well with others in a fast paced environment
- French language skills a plus
- Knowledge of AML regulations including the USA PATRIOT Act, and Bank Secrecy Act
- Experience reviewing others work
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