VP AML Compliance

Areas of Responsibility

• Continuously improve the company's sanctions framework, keeping abreast of relevant developments and updates in laws and regulations in the jurisdictions in which the bank operates.
• Analyze penalties to determine if there are reasonable grounds to suspect a penalty violation.
• Develop and provide sanctions training to various parts of the organization.
• Act as a point of escalation as regards the company's sanctions framework, especially in case of potential sanctions-related issues or potential sanctions circumventions.
• Conduct name screening and analysis of potential matches against various sanctions lists and internal watch lists, investigating and resolving potential matches, escalating to senior management as necessary, ensuring compliance with AML/ATF regulations and policies.
• Responsible for filing “Voluntary Self Disclosure” (VSD) when and if applicable.
• Collaborate and communicate with the competent authorities and law enforcement agencies in relation to the actual impacts of sanctions and/or monitoring of sanctions audits, providing requested documentation in an effective and efficient manner.
• Issue rules, policies and procedures in relation to sanctions and applicable throughout the bank.
• Assess the bank's risk of non-compliance and perform on-site controls to verify that the group entities comply with the issued standards.
• Promote a compliance culture to ensure efficient and effective risk management and compliance practices, complying with the required standards and processes.
• Work collaboratively with other areas to ensure successful integration of new products into detection platforms and case management tools.

Purpose of the Position

Responsible for considering the sanctions information to ensure legal compliance and prevent financial crimes through analyzing data and models in our products. The work considers solving problems by analyzing data in valuable information related to sanctions. The specialist should have a strong understanding of the regulations and compliance requirements for sanctions in all the jurisdictions in which the bank operates, as well as experience in logic to reject, block, accept, and escalate transactions. In addition, it must have analytical skills, a strong sense of business, and the ability to collaborate with a wide range of stakeholders.

• Support compliance with sanctions by driving innovation and data-driven solutions.
• Stay up-to-date with any regulatory updates or changes.
• Provide advice and guidance to key stakeholders and teams on OFAC penalty regulations and related company policies and procedures.
• Ensure compliance with the controls related to the projects, tasks and processes it executes.

Interaction Network

Internal:

Internal customers (all Bank areas)

Purpose of the interaction:

Resolve queries and model solutions to required areas. Training.

Gathering information to clear alerts or for ongoing investigations.

External:

External Auditors, Consultants, External Clients (specific situations may require interaction with external clients while conducting due diligence, or due to a potential investigation).

Purpose of the interaction: Provide required information for Audits and Projects in process.

Gathering information as part of due diligence or for ongoing investigations.

Minimum Requirements

Level of Education/Concentration: BA in Accounting, Economics, Finance, Law or similar degree.

Extensive knowledge of federal, state and local laws, rules and

Emphasis on regulations affecting foreign and domestic banking organizations

operating in the US.

Work Experience: Ten years work experience in Compliance area in banking.

Specific Knowledge – Ability to:

• Structure, prioritize and resolve large volumes of information at an accelerated pace related to sanctions case resolution
• Validate and track results
• Work in an agile and iterative manner in problem solving
• Extract and present valuable data information
• Understand compliance requirements, solve cases and generate insights
• Use IT systems, policies and procedures, and reporting
• Have expertise in training first-line staff
• Strong communication skills
• Fluent English and Spanish (oral, written and spoken)

Technical Knowledge

• Knowledge of banking operations and compliance regulations.
• Robust understanding BSA/AML/Sanction Regulatory Requirements
• Experience with BSA/AML/Sanction related Software

Permanent Position

White Plains, New York